It's official: U.S. is in recession
A panel of the National Bureau of Economic Research said Monday that the U.S. economy fell into a recession last year.

Opinion: BCS should reconsider 'plus-one' — fast

Opinion: Plan would go long way toward fixing system that's leaking credibility badly

Wave of drug violence grips Tijuana

At least 37 people were killed over three days in the Mexican border city of Tijuana, including four children caught in shootouts and nine men found decapitated, the state attorney general said Monday.

AP: Feds ignored meltdown warnings

The Bush administration ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

Sears faces tough test this season

The holiday season is expected to be difficult for most retailers, but it could prove especially tough for one of the nation's most storied brands: Sears.

Winter weather slows travel in U.S.

Stranded airline passengers lingered in Chicago's airports Monday as a storm tapered off after delivering a wintry mix to Illinois including snow, gusty winds and ice that led to at least two traffic deaths.

Floods leave Venice underwater

Residents and tourists in Venice waded through knee-deep water Monday as they navigated the city's narrow streets and alleys, and its historic St. Mark's Square was inundated.

Bombs kill more than 30 in Iraq

Suicide bombers struck Monday near a Baghdad police academy and in Mosul against a joint U.S.-Iraqi patrol, killing more than people, Iraqi officials said.

Cost of 12 days of Christmas: $86,609
Given the economic downturn, even the most romantic might balk at the $86,609 price tag for the items in the carol, "The Twelve Days of Christmas."

U.S. deaths in Afghanistan drop sharply

One American serviceman died in Afghanistan in November, a dramatic drop from earlier months that the U.S. military attributed in  part to their campaign against insurgents.