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Treasury Secretary Henry Paulson on Monday unveils plans to expand the federal government's power over U.S. financial markets. It's being called one of the biggest overhauls of the regulatory system since the Great Depression. The plan comes in the middle of a credit crunch that may already have pushed the economy into a recession.

The Senate's new plan to battle the housing crisis includes tax breaks for homebuilders and tax credits to those buying foreclosed homes. It includes little helping for people who are facing foreclosure, however.

Membership for former Soviet states Ukraine and Georgia was put on hold for now, amid European allies' concerns of angering Russia. However, more troops were committed to Afghanistan, and the U.S.-backed proposal for a missile defense shield got a warm reception.

Democrats and Republicans alike are calling on New York Gov. Eliot Spitzer to step down after reports surfaced Monday that he was involved in a prostitution ring. Is there a case for Spitzer to remain in office? Guests and callers weigh in.

The Federal Reserve has taken a bold step to infuse Wall Street investment banks with cash, cutting its emergency lending rate to banks by a quarter-point. It also approved the sale of investment bank Bear Stearns to rival JP Morgan Chase for what can only be described as a rock-bottom price.

History is being made with the shocking resignation of New York Gov. Eliot Spitzer following a prostitution scandal. Lt. Gov. David Paterson will become New the state's first African-American governor. Former New York City Mayor David Dinkins and State Senator Malcolm Smith discuss Paterson's career.

The Federal Reserve swooped in quickly to prevent Wall Street titan Bear Stearns from going bust and triggering a panic on Wall Street. It's not a bailout in the sense of a taxpayer rescue of a corporation. But it is part of a more activist approach to the credit crisis by both the Fed and the Bush administration's economic team.

Analysts on Wall Street fear that another big investment bank could be teetering on the edge of disaster. Investors this week will watch closely the earnings of major banks and look for any signs that aggressive moves by the Federal Reserve are bringing stability back to credit markets.

Recent demonstrations in Tibet prompted Chinese authorities to crack down on journalists. They have blocked access to the region and sent "minders" to follow reporters who were trying to cover the unrest.

Iranians are voting Friday in a parliamentary election with limited choices. Many pro-reform politicians were barred from running as candidates. Conservatives are split over the policies of President Mahmoud Ahmadinejad.