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Mortgage giants Fannie Mae and Freddie Mac have been vilified for their role in the housing collapse. Key employees have left as morale has plummeted. But the two organizations are key to the functioning of the U.S. housing market, leaving some observers concerned about the ongoing brain drain.

Before Tropical Storm Debby was downgraded to a tropical depression, it had dumped about two feet of rain on parts of the Florida Panhandle — causing widespread flooding. On Tuesday, Governor Rick Scott visited coastal Wakulla County.

News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.

College football will have a four-team playoff starting in 2014. A committee of university presidents announced an agreement on a new post-season regime Tuesday.

In advance of the Supreme Court's ruling on the Obama health care law, Renee Montagne talks to Jamal Greene — associate professor at Columbia Law School and former clerk for Justice John Paul Stevens — about how the Supreme Court thinks through momentous cases.

"Viva Forever" is the name of a new musical based on songs from the Spice Girls. The five members of the British girl-power band made the announcement Tuesday. The plot isn't much of a surprise — the show is about a group of girls who become swept up in a world of fame and celebrity. It opens in London this December.

When Queen Elizabeth II met Martin McGuinness today in Belfast, it underscored how much has changed since the long conflict that claimed more than 3,500 lives.

There was a 1.1 percent increase from April. That's more than was expected and could be a sign that the manufacturing sector continues to hold its own even as other parts of the economy are struggling.

The California city is about to declare bankruptcy. It would be the largest U.S. city to ever do so. KQED's Ian Hill went out to take photos of the municipal projects that were built in better times, but have left Stockton owing millions.

Douglas County Commissioners are set to vote July 10 on the new fiscal year budget.The county’s new fiscal year begins Sunday. Commissioners held a public…