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The defense secretary, who warned Congress earlier this month of the dangers of budget cuts in his agency, once had to help implement cuts as director of the Office of Management and Budget.

President Obama Monday put the blame for the supercommittee's failure squarely on congressional Republicans — and their unwillingness to consider higher taxes on the wealthy. Obama also threatened to veto any effort to escape from the automatic spending cuts agreed to in August without a balanced plan to reduce the deficit. Robert Siegel talks to NPR's Scott Horsley for more.

Both parties act as though they can blame the other, striving to please constituencies that insist they do so. Yet, few achievements in American history have been so bi-partisan as the national debt.

Healthpoint Services says it has a business model that will not only help the world's low-income populations — but also make a profit. Based in India, the company offers patients videoconferences with doctors, cheap diagnostic tests and clean water. And it hopes to spawn imitators as it proves it can be profitable.

The retailer's prepaid debit card is catching on with people who've been burned by extra charges at big banks. The card costs a flat $3 a month and doesn't allow overdrafts. Banks have lobbied against Wal-Mart's entrance into the financial sector, but "their worst fears came true," one analyst says.

Hewlett-Packard announced its quarterly earnings were down 90 percent from the previous quarter. The company is going through big changes. It just spent most of its cash on an acquisition, took on $4 billion of debt and named Meg Whitman as the new CEO.

The longtime broadcaster for the University of Georgia football team has died. Larry Munson was 89. His broadcasting career spanned 60 years — 43 of them with the Bulldogs.

Pressure is mounting against Alabama's "toughest in the nation" immigration law. Nearly 3,000 immigrants converged Monday night on a church with strong ties to the civil rights movement. They heard from democratic members of Congress who vowed to get the law repealed.

The Milwaukee woman laid down a $100 bill and bought a restaurant. It's a "socially conscious" eatery on Milwaukee's South Side. The conditions include feeding the previous owner and his wife one free meal a day for a year.

"If you think you don't want to be students of a university like we had on Friday, I'm just telling you, I don't want to be the chancellor of the university we had on Friday," Linda Katehi told students Monday.