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But with one week go to before the so-called supercommittee is supposed to announce a deficit-reduction plan, it's still far from certain that the lawmakers will reach that goal.

President Obama has one less thing to worry about, thanks to an Australian insurance company. On his visit down under, he's insured against a crocodile attack. When he gets to the town of Darwin, he'll be presented with a $51,000 policy.

Falling energy costs kept inflation in check. But oil prices are up today, a sign that coming inflation reports might not be as welcome.

While there are "murmurings" of a deal on deficit reduction, it's far from certain an agreement will be reached. Other news: Key witness in Penn State scandal says he did talk to university police; Syrian Army defectors reportedly attacked a base.

Oscar Ramiro Ortega-Herndandez, who authorities say may have fired the shots has been taken into custody. No one was hurt and the bullet that was stopped by ballistic glass. President Obama and the first lady were not in the White House.

As the G-20 convenes in Cannes Thursday, the European Union's roller-coaster debt crisis tops the agenda. Last week, European leaders asked cash-rich China to back the E.U.'s bailout fund. Some economists saw the request as marking a shift in the global economic order.

Italy's prime minister promised European leaders that he would come up with solid proposals to show that his country can reduce its mountain of debt, stimulate its economy and avoid a bailout. But he's expected to show up at the G-20 summit with with a vague list of measures that aren't likely to satisfy.

About 3,000 people gathered at the Port of Oakland Wednesday, and effectively shut it down. People flooded the port area and blocked exits. The protest remained largely peaceful until the late evening, when police responded to a bonfire.

One of the main solar companies in the United States, First Solar, is in trouble. Its CEO was forced out in October and its stock prices have fallen dramatically. Thursday the Arizona-based company announces its earnings and investors are going be demanding answers. From member station KJZZ in Phoenix, Peter O'Dowd report.

America's original discount store has filed for federal bankruptcy protection and plans to close its 46 stores. This isn't the first time the company has filed for bankruptcy, but it appears to be its last. The company cited increased competition from department stores, private-label discounters and the economic downturn.