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U.S. banks made $141.3 billion in net income last year. That's second only to the profit they made in 2006, before the financial crisis. Many of the banks that profited the most, have benefitted from a government bailout.

The U.N. Security Council held an emergency meeting Tuesday to discuss North Korea's latest nuclear test. Any specific U.N. response depends largely on China, North Korea's primary trading partner. Former CIA China analyst Christopher Johnson weighs in on China's options and their potential influence on a coordinated international response.

Over the years, the National Rifle Association has become synonymous with protection of gun owners' rights. But other groups have taken an even stronger line in defense of Second Amendment protections. On Friday, the NRA echoed some of those groups, calling for "qualified armed security" in all schools.

President Obama is expected Friday to nominate Sen. John Kerry, D-Mass., as his next secretary of state. Kerry would replace Hillary Clinton, who's planning to leave the post after four years as the president's globetrotting emissary.

If John Kerry leaves the Senate to become secretary of state another Kennedy could fill his Senate seat — at least on an interim basis. And ousted Republican Scott Brown could have fighting chance of returning to the Capitol.

George McGovern, Arlen Specter, Warren Rudman, Dan Inouye ... just some of the political giants who died in 2012. This week's super-sized Political Junkie column is dedicated to their memory.

Mark Shoopman is into green beans. The Illinois chef is cooking 270 pounds of beans and 75 pounds of onions. His goal, according to WMBD in Peoria, is the largest green bean casserole in Central Illinois.

Lawmakers and President Obama are expected to return to Washington Thursday to resume efforts at averting the fiscal cliff. Lawmakers failed to reach a deal late last week and went home for the holiday break. Guest host Celeste Headlee talks with Bloomberg Businessweek contributor Roben Farzad for a look at the last-minute options.

The improvement in the unemployment rate in the last year belies the fact that the rate would be so much higher if the number of people in the labor force didn't shrink.

In 2007, Prince William County, Va., voted to step up police checks aimed at driving out illegal immigrants. The move sparked local outcry and national attention, but five years on, supporters and opponents differ on whether the policy has been a success.