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  • Nationwide, many cash-strapped cities have raided funds intended for retirees or have chronically underfunded their pension systems. But despite a budget crunch, Milwaukee's fund has consistently ranked among the nation's top pension programs. Even so, some changes lie ahead for city workers.
  • South African Oscar Pistorius will run on artificial legs in the 400-meter Olympic sprint preliminaries in London Saturday. Pistorius is a double amputee who runs world-class times on his carbon-fiber limbs. Some question whether he has an unfair edge — so a lab studied his running motion.
  • China's ruling Communist Party has announced that disgraced senior politician Bo Xilai has been expelled from the party and faces criminal charges. His fall began when a local police chief told authorities about the murder of a British businessman.
  • The ongoing European debt crisis is expected to pose major challenges to the next U.S. administration.
  • For more than 150 years, a charity auction has kicked off the wine season in France's Burgundy grape-growing region. It's turned into an A-list rendezvous for international industry players — this year attracting former supermodel and first lady Carla Bruni-Sarkozy and record prices.
  • President Obama started the first round of talks Friday about how to avoid fiscal calamity. He has been pushing to end Bush-era tax cuts for the wealthy, a plan strongly opposed by some House Republicans. But in the end, a deal with the House may come down to Speaker John Boehner and the president.
  • Several top government officials have been caught up in an embarrassing cheating scandal — including the defense minister, who resigned as a result, and the education minster, who is under investigation for her doctoral dissertation. An informal group of "plagiarism police" has undertaken the hunt.
  • The stunning resignation of CIA Director David Petraeus, a retired 4-star general, has been followed by an investigation into potentially inappropriate communications between Gen. John Allen and a woman in Tampa.
  • Former Minnesota Gov. Tim Pawlenty is the son of a truck driver, an evangelical Christian, a former presidential candidate, and for months now a loyal surrogate for Republican Mitt Romney. He's also considered a top contender to become Romney's pick for vice president.
  • Republican presidential candidate Mitt Romney has shied away from TV interviews. But on Friday, he sat down for five interviews with the nation's top TV news outlets. Romney says he shouldn't be held responsible for what Bain did after 1999 because he had already left the company to run the Salt Lake City Olympics
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