Public Spending Cuts the Expanding Role of Philanthropies

Washington is looking for cuts in programs serving millions of Americans who are poor, sick and hungry. Private nonprofits and charities won't be able to make up the difference. We look at the prospects for people in need. Also, political fallout from the debt deal, and three days of riots in London began in the aftermath of a police shooting. Why has the violence spread, not just in London but other cities as well?

Banner image: A homeless man rests while panhandling on the street on June 20, 2011 in New York City. Photo by Spencer Platt/Getty Images