Numbers from state and local governments suggest their public pension plans are underfunded by about $1 trillion. New accounting rules are about to make that gap between what they owe and what they have on hand look bigger — much bigger, in some cases.
In 2008, "Boston" Bill Hansbury was learning to live with a prosthetic leg when he met Jake Bainter, who was about to have his right leg amputated. The two struck up a friendship, despite their wide age gap: Hansbury was 70, and Jake was 7.
While much of the country is mired in drought, Texas is recovering from some of the state's hottest, driest months on record. Recent rains have almost ended the Texas drought. But how long will the current wet spell last?
Louisiana Gov. Bobby Jindal is an Indian-American with a compelling life story. At 41, he's already had a successful political career. He could also add some buzz to the GOP ticket. But his 2009 moment in the spotlight has some Republicans worrying whether he's ready to be vice president.
More than 40,000 GM retirees must decide by 5 p.m. Friday whether to take a buyout of their pensions. If they don't, responsibility for their pensions shifts to a private company. Financial planners have been working overtime to try to help people make a decision.
A devastating drought has taken over areas of the Rocky Mountains and Midwest. Author and conservationist William DeBuys tells Renee Montagne that one of the shocking things has been the number of new high temperature records.
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