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US Consumer Debt Falls in Q4 on Mortgage Balances

U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.
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Gold coins from a treasure trove of gold and silver coins worth $500 million and recovered from a Spanish ship believed to be from the wreckage of the Nuestra Senora de las Mercedes, a ship sunk by the British Navy in 1804 as it returned from South Americ

Spanish Treasure Lands after 200 Years

Coins worth nearly half a billion dollars finally arrived in Spain on Saturday after lying in a sunken warship for more than 200 years and following a five-year legal battle between the Spanish government and a salvage company.
Rick Santorum on Religion: This is the JFK Speech that Made Him Want to "Throw Up"

Rick Santorum on Religion: This is the JFK Speech that Made Him Want to 'Throw Up'

The former Pennsylvania senator was referring to a speech JFK made to Baptist ministers in Houston while he was running for president, in which he said he believed in the absolute separation between church and state. ABC's George Stephanopoulos pulled up a video clip in which Santorum said he read the speech, and I almost threw up.
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U.S. Eyes V-22 Aircraft Sales to Israel, Canada, UAE

The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a top U.S. Marine Corps official told Reuters.
Deepwater Horizon Spill

BP Spill Trial Delayed One Week

The start of the liability trial for the BP 2010 Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months, has been delayed for a week allowing more time for embattled BP and fellow defendants to broker a settlement with U.S. prosecutors.
U.S. Republican presidential candidates, former U.S. Senator Rick Santorum and former Massachusetts Governor Mitt Romney (R) laugh as they shake hands at the conclusion of the Republican presidential candidates debate in Mesa, Arizona, Feb. 22, 2012.

Mitt Romney, Rick Santorum Seek Inside Track in Tight Michigan Race

White House hopefuls Mitt Romney and Rick Santorum battled over who was the most conservative Republican on Saturday -- while knocking President Barack Obama on account of accelerating gasoline prices -- as the high-octane race in Michigan moves toward a still-uncertain finish.
Republican U.S. presidential candidate Newt Gingrich points before the start of the presidential debate in Mesa, Arizona, February 22, 2012.

Georgia on His Mind, Newt Gingrich Battles in His Own Backyard

Only a month ago, Newt Gingrich was atop the Republican Party's presidential-nomination race. Now he is in a fight for a win even in his home state of Georgia as his campaign stakes its future on the Super Tuesday primaries to be conducted March 6.
Air Jordan

Nike Foamposite Galaxy and Other Sneakers Sparking Riots for 'Sneakerheads' [PHOTOS]

No one is exactly sure why violence and sneaker sales go hand-in-hand, but it seems that every time Nike introduces limited edition sneakers on the market, the entire country becomes engrossed in widespread melee, like on Friday when riots resulted over the Nike Foamposite Galaxy. But why do riots even happen over sneakers and what's the fuss all about?
Nike Foamposite Galaxy

How to Win a Pair of Nike Foamposite Galaxy Sneakers Friday

The entire nation seems to be in a mad rush to buy Nike's newest pair of sneakers - the Nike Foamposite Galaxy - released ahead of the 2012 NBA All-Star Games in Orlando, Fla. Everyone wants a pair of the $220 sneakers, complete with a purple and blue galactic sky and glow-in-the-dark capabilities. Instead of braving the crowds, here is how you can win your own.

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