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Flash flooding warnings in Tallahassee, Florida, and other parts of the South persist as Louisiana officials survey tornado damage in Slidell. CBS News correspondent Tom Hanson has the latest on the severe weather.

Despite an S&P rating upgrade ahead of this week's GO bond deal, Louisiana paid a wider spread to a 10-year benchmark than it did a year ago. Longer maturities saw tighter spreads on from a year ago.

A possible tornado caused "catastrophic" damage to the Louisiana city of Slidell, officers said as they assessed the wreckage Wednesday.

SLIDELL, La. -- Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic…

Multiple structures, including an apartment complex, sustained extensive damage from the tornado and powerful storms.

Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strained the…

This isn't the plot to a B-level horror film. This is a real life story out of Slidell Louisiana. Continue reading…