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by the telecommunications giant, AT&T, yesterday. The company will divide into three separate firms and eliminate up to 40,000 jobs over the next year and a half. Though the move means layoffs, it also meant a sharp rise in AT&T stock on Wall Street.

of how it acquiesced to the Croatian government's plans to smuggle Iranian arms to Bosnia two years ago. Appearing before the Senate Intelligence Committee, Deputy Secretary of State Strobe Talbott said the Administration took the best available option in its response to Croatia, and that it in no way constituted a covert action.

of the Farm Bill. After being delayed for several days by democrats, the GOP backed-measure won by a 2-to-1 majority. Its biggest departure from farm bills of the past are the government subsidies paid to farmers. The House will vote on its version of the bill in three weeks.

Howard Berkes profiles a local politician in Montana. Mayor Dan Kemmis of Missoula preaches a more hands-on approach than most local governments practice. His leadership style has predictably drawn mixed reviews.

has struck down the state's "Three strikes and you're out" law. After a third felony conviction, the law required a judge to hand down a sentence of 25 years to life. Only the prosecutor was allowed to waive the law. But the court's decision says that judges may waive the sentencing guidelines.

between the Montana Freemen and federal agents. For five weeks, federal mediators have tried and failed to make a deal with the Freemen. Now, the stand-off may take on a new tone as Federal prosecutors reassess the situation and threaten increased pressure on the Freemen.

begins to take effect, the government is rushing to move one million welfare recipients into the job market over the next four years. President Clinton is pushing a plan that's been tried before with mixed results...tax incentives to businesses that hire welfare recipients.

to win the presidency, there will still be major changes in the White House. As many as six members of President Clinton's cabinet will resign...including Secretary of State Warren Christopher and Defense Secretary William Perry. The administration says it's simply reorganizing for President Clinton's second term.

in the new Congress have for investigating allegations of impropriety, which have been raised against President Clinton. Most of the allegations go back to Mr. Clinton's years as Governor of Arkansas, but the Republican leaders say they also intend to investigate contributions made to the Clinton reelection campaign.

President Clinton's 1.69 trillion dollar budget proposal for the next fiscal year. When the plan arrived at the Capitol yesterday, Republicans and Democrats alike expressed guarded optimism that a budget compromise can be reached: something that hasn't happened in years.