Debt ceiling debate turns ‘scary’  —  Washington's frayed nerves showed through Monday amid tough talk on the right, a White House veto threat, canceled weekend passes and the top Senate Democrat likening default to a “very, very scary” outcome even for those “who believe government should be small enough to drown in a bathtub.”

Obama officially threatens to veto Republicans' ‘cut, cap and balance’ bill  —  The White House on Monday warned President Obama will veto GOP legislation to “cut, cap and balance” spending and the budget.  —  In a statement of administration policy, the White House Office of Management …

Murdoch Aides Long Tried to Blunt Scandal Over Hacking  —  LONDON — Two days before it emerged that The News of the World had hacked the cellphone of a murdered schoolgirl, igniting a scandal that has shaken Rupert Murdoch's media empire, his son James told friends that he thought the worst of the troubles were behind him.

Borders plans to liquidate, ending 40-year-old bookstore chain  —  Borders Group Inc. plans to liquidate, marking the culmination of a years-long decline for the nation's second largest bookstore chain, which had fallen into disrepair four decades after it opened its first store in downtown Ann Arbor.