Europe's debt, anemic unemployment claims and general economic malaise all took the fall for the Dow's 500 point drop. But in reality, we'll never know the real culprit.
Reviewing the week's news on Wall Street. This week: how the debt deal — if it comes — will affect U.S. credit and what looks to be a pending downgrade.
Louise Story, business reporter with the New York Times, discusses her article on Wall Street's fallback plans if Congress doesn't raise the debt ceiling before August 2nd.
The Federal Aviation Administration could face a shutdown this weekend if Congress cannot agree on budget subsidies. The major sticking point is subsidies for small, rural airports.