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Following Senate passage of the stimulus bill Tuesday, Democratic leaders say they will hold a marathon House-Senate conference to work out differences in the two chambers' measures. Both sides are committed to getting this bill on President Barack Obama's desk by the weekend.

The House and the Senate agreed Thursday on a $790 billion economic stimulus package. The deal provides about 35 percent in tax cuts and 65 percent in spending, along with billion in aid to the states, as well as a tax cut for most working families. Few other details are forthcoming, however.

With the Senate's passage Tuesday of a massive economic stimulus bill, the legislation heads to a House-Senate conference. Reconciling the different chambers' bills won't be easy. The Senate took the House bill, added tax cuts, cut spending and overall increased the cost. The three Republicans who helped approve the Senate bill hold most of the cards.

Last night, President Barack Obama delivered the first prime-time news conference. Obama warned that if a stimulus package is not passed soon in the U.S. Senate, the country is headed in a downward economic spiral. Three working Americans react to the President's economic stimulus plan.

Senators announced a compromise between House and Senate negotiators on the economic stimulus package. Some House Democrats are upset that money for states and schools had been removed from the measure, but backed the deal.

The head of the United Auto Workers has said the union is willing to change its contract and will delay billions of dollars in payments to a union-run health care trust. The concession is a bid to help Detroit's ailing Big Three automakers.

President-elect Barack Obama was among those calling for the resignation of Illinois Gov. Rod Blagojevich, a day after the governor was arrested on federal corruption charges. Blagojevich is accused of seeking money or other favors to influence his choice in picking Obama's replacement to the U.S. Senate.

President-elect Barack Obama says he is "certain" his staff had no role in the filling of his former Senate seat. The remarks came in a news conference called to name former Senate Majority Leader Tom Daschle as his secretary of health and human services.

The White House has said it is ready to step in to a prevent the collapse of General Motors and Chrysler. But such a last-minute rescue is no more than a reprieve and questions about a more extensive bailout will be waiting for president-elect Barack Obama and the new Congress.

The Bush administration and the Federal Reserve have unveiled a stepped up plan to fight the ongoing financial crisis. The Fed is committing as much as $600 billion to shore-up Fannie Mae and Freddie Mac. The Fed and Treasury are also moving to get the economy going again by putting up to $200 billion to work in secondary markets for consumer lending.