Washington

Congress is poised to raise the nation's debt limit. The White House wants to boost the ceiling by hundreds of billions of dollars. Commentator Robert Reich says there's nothing wrong with debt, but it's what you spend it on that counts.

Today, executives from the nation's six largest oil companies go before a Senate committee. They'll be asked to explain whether mergers have anything to do with their gushing profits. Sam Eaton reports.

In Washington today, an event to celebrate the success of the nation's drug courts -- and to elbow the folks in Congress who slashed the program's funding last year. Jeff Tyler reports.

Forget the Democrats, Senate Republicans can't even agree among themselves over how to proceed with the 2007 federal budget, which hits the Senate floor today for debate. Hillary Wicai has more.

In the wake of Dubai Ports World's announcement to transfer operations of US ports to a US entity, Sam Eaton looks at whether the arrangement could be a template for future deals involving foreign control of US assets.

The Treasury Department attempts to slow the accumulation of federal red ink today by issuing $7 billion in quick-turnaround bonds. Janet Babin reports.

This week, the District of Columbia unveiled a new voice for its Metro subway system. And as Gretchen Cook reports, the nation's capital is getting it free of charge.

The IRS is sitting on $73 million in unclaimed tax refunds. Tess Vigeland looks at what the agency is doing to get that money where it belongs.

Today a House subcommittee takes up the issue of assessing flood standards in New Orleans and across the country. Sam Eaton reports.