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The recession has put the brakes on all sorts of industries, but the upward spike in gun sales that began about the time President Obama was elected continues. The FBI reports a strong surge in applications for background checks — the best available indicator for gun sales.

All over the country, many school districts are facing declines in both revenue and enrollment. As a result, the number of districts considering school closures this year has doubled — and is expected to double again next year.

Californians who were hurt by the housing crisis could soon receive a measure of good news that would save them thousands of dollars in taxes.

A U.S. citizen suspected of being a high-ranking member of Tijuana's Arellano Felix drug cartel has been arrested in Mexico. The man is wanted on federal drug charges in the United States. KPBS reporter Amy Isackson has the story.

Over the past week, the Federal Reserve has made a serious of unprecedented moves to shore up confidence in the shaken investment community. Former Fed Vice Chairman Alan Blinder explains what the moves mean for taxpayers and the rest of the economy.

Reports of deaths across five Southern states jumped to nearly 200 the morning after storms roared across the region, spawning tornadoes and wiping out homes and businesses.

Three task forces are working furiously to figure out how best to handle terrorism suspects: from detention and interrogation to potential trials. Two teams face fast-approaching deadlines, even as the legal landscape keeps shifting.

Federal prosecutors are seeking a 60 year sentence for former Poway defense contractor Brent Wilkes. Wilkes was convicted of bribing ex-Congressman "Duke" Cunningham. KPBS reporter Andrew Phelps has d

A mission to the bottom of the sea to try to avert a wider environmental disaster progressed early Friday as crews said a 100-ton concrete-and-steel box was close to being placed over a blown-out well on the Gulf floor in an unprecedented attempt to capture gushing oil.

The president says the legislation contains "the strongest consumer protections in history." It also gives the government new powers to break up companies involved in practices that threaten the economy, and sheds more light on the financial markets that escaped the oversight of regulators.