Saggy pants arrest: football player Deshon Marman's arrest on a US Airways flight for wearing saggy pants drew criticism, and accusations of racism. Prosecutors, Wednesday, agreed that criminal charges were not warranted.

Netflix rates are going up. Cue the firestorm.

In the second day of its Worldwide Partner Conference, Microsoft reveals new “Mango� handsets from Samsung and others. And new details about Windows 8 could raise excitement about Microsoft’s presence in the tablet market.

AP - President Barack Obama bluntly told Republican congressional leaders Wednesday they must compromise quickly if the government is to avoid an unprecedented default, adding, "Don't call my bluff" by passing a short-term debt limit increase he has threatened to veto.

AP - Republican presidential candidates are all but silent on Senate GOP leader Mitch McConnell's proposal to sidestep a potentially disastrous government default on loan obligations.

AP - Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would send "shock waves through the entire financial system."