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Treasury Secretary-nominee Timothy Geithner has told a Senate panel at his confirmation hearing that his failure to pay $34,000 in taxes was a careless mistake. Despite questioning from lawmakers on the issue, Geithner has wide support from both parties.

President Obama's pick for Treasury secretary, Timothy Geithner, began his confirmation hearing with an apology Wednesday. He told members of the Senate Finance Committee the tax questions that delayed his confirmation were the result of his own careless mistakes. But he added the mistakes were unintentional. The panel is expected to vote Thursday on his nomination.

Barack Obama was sworn in as the 44th president of the United States Tuesday. He delivered a sober, plain-spoken inaugural address that did not contain the soaring rhetoric that often marked his campaign speeches. He told the crowd, "What is required of us now is a new era of responsibility."

When the Big Three went to Washington, Ford wasn't begging for a bailout. Was rejecting government aid the best course of action? Ford CEO Alan Mulally discusses the financial future of his company and Ford's innovations in electric cars.

A U.N. aid agency working to provide aid to Gaza has suspended operations after one of its truck drivers was killed by Israeli fire. Earlier, Israel declared another brief lull to allow in humanitarian supplies. Meanwhile, three rockets launched from Lebanon landed in Israel.

Attorney General-designate Eric Holder faces the Senate Judiciary Committee Thursday at his confirmation hearing. Republican committee members say they will challenge Holder on his involvement in controversial pardons by President Clinton, but analysts expect him to be confirmed without much trouble.

Barbara and Gary Ratner, who live in Atlanta, aren't eligible for unemployment assistance, so they're seeking creative ways to make ends meet. The couple — in their 60s — have drawn $10,000 out of retirement and are considering dropping their health insurance.

The Senate Foreign Relations committee has heard from Hillary Clinton, who has been picked to be the next secretary of State. The committee chairman, Massachusetts Democrat John Kerry, promised a "fair and expeditious confirmation process."

A family was visiting the area from Charleston, S.C., and was on their way to a barbecue when they got caught in a flash flood, officials said.

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.