President Obama could face reelection at a time of 9 percent unemployment. But Election 2012 is not a slam dunk for the GOP, analysts say. Obama has ways to counter the bad news.

Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.

Modern Warfare 3 is set to launch in November. In the meantime, Activision has revealed a whole lot about the latest game in the Call of Duty franchise.

AP - Heavy rains from Tropical Storm Lee were falling in southern Louisiana and pelting the Gulf Coast on Saturday as the storm's center trudged slowly toward land, where businesses were already beginning to suffer on what would normally be a bustling holiday weekend. The storm could drop as much as 20 inches of rain in some areas.

AP - Nature is pummeling the United States this year with extremes.

AP - Employers added no jobs in August — an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.