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  • The Senate is set to vote Thursday on whether to release the second half of the $700 billion financial rescue package. While most Democrats are on board to approve the funds, many Republicans say the bill lacks transparency and accountability. President-elect Barack Obama's economic team went to Capitol Hill Wednesday to try to win them over.
  • A large credit union in Seattle has started an ad campaign that stresses its nonprofit bona fides. Sprint advertises calling plans that are right "for these times." Does austerity sell? Or is that a ridiculous contradiction?
  • Retired Gen. Eric Shinseki, President-elect Barack Obama's pick to head the Department of Veteran Affairs, has promised to modernize the agency. Shinseki appeared Wednesday before the Senate Veterans Affairs Committee at his confirmation hearing.
  • A massive fire in the Angeles National Forest nearly doubled in size overnight, threatening 12,000 homes in the Los Angeles area. Gov. Arnold Schwarzenegger has issued emergency declarations for four counties.
  • Defense Secretary Robert Gates, who is on a short swing through the Middle East, was in Iraq on Tuesday. On his agenda: a visit to a command post in southern Iraq where U.S. troops serve in an advisory capacity; a meeting with Prime Minister Nouri al-Maliki and a visit to Kurdistan.
  • President Obama said Tuesday success in Afghanistan "was inextricably linked" to Pakistan. Adil Najam, professor of international relations at Boston University and the founding editor of the blog Pakistaniat: All Things Pakistan, says events in Afghanistan have an almost-immediate impact in neighboring Pakistan.
  • U.S. Attorney General Eric Holder called the recent beating death of a Chicago teen a "wake-up call" that would lead to action. Holder and Education Secretary Arne Duncan held a news conference with Chicago Mayor Richard Daley. The two Cabinet officials were sent by the White House to Chicago after the killing.
  • Democratic presidential hopeful Barack Obama has opted out of public financing. He has used social networking sites on the Internet, among other strategies, to raise record amounts of contributions. Obama's fundraising success could mean another failure for the public financing system. Anthony Corrado, a political scientist at Colby College, talks with Renee Montagne about the future of public financing.
  • The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.
  • Students who are covered by Medicaid could get access to a wider network of doctors and hospitals, as well as mental health services, if they get care through their school's health plan.
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