Search results for

The Bush administration has announced plans to replace Gen. Peter Pace as chairman of the Joint Chiefs of Staff. Rather than risk a Senate confirmation struggle by reappointing Pace, Defense Secretary Robert Gates said he would recommend Adm. Mike Mullen to replace him.

Sen. Edward M. Kennedy's Capitol Hill colleagues react to news of his malignant brain tumor with sadness, prayers and disbelief. Some are contemplating what Congress might look like without one of the Senate's most prolific legislators.

Recovery efforts in Dujiangyan, China are also focused on hydropower dams around the ancient city. The epicenter of last week's massive earthquake was near the huge Zipingpu dam, cracking its walls. Officials say Zipingpu is structurally safe and are releasing water to decrease pressure. Scientists warn that if the dam fails, the destruction would be even greater than the quake. NPR's Steve Inskeep speaks with NPR's Melissa Block.

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.

President Bush announced a plan that will allow the U.S. government to spend about $250 billion of its $700 billion bailout program to buy equity stakes in banks. The government has been careful to call the program a "recapitalization" plan.

The rival candidates are spelling out their plans to improve the economy in appearances this week. And those plans have markedly different approaches to an issue likely to dominate the presidential race.

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.

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.

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.