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  • 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.
  • The administration wants to tie more of Medicare's spending on health care to quality and to encourage doctors and hospitals to be more frugal in their spending.
  • Financial assistance to Ukraine will help shore up the country's currency, which has maintained strong buying power despite the war.
  • U.S. Supreme Court Justice Ruth Bader Ginsburg was hospitalized on Thursday and treated for pancreatic cancer. Ginsburg, 75, has told friends she intends to be back on the bench when the court reconvenes Feb. 23. Nevertheless, there's speculation about whom President Obama would chose to replace her should she step down.
  • Russia announced it is suspending participation in the Black Sea Grain Initiative, as a key bridge linking annexed Crimea to the Russian mainland was attacked again.
  • 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.
  • There are growing calls for new Illinois Sen. Roland Burris to resign. A county prosecutor in Illinois is looking into whether Burris perjured himself in testimony to Illinois lawmakers about how he got appointed to the Senate. The Democrat has acknowledged trying to raise money for ousted Gov. Rod Blagojevich before being appointed to the Senate.
  • The expanded bailout of AIG wasn't greeted too enthusiastically on Wall Street. The stock market plunged sharply Monday — closing down below 7,000 for the first time in 12 years.
  • Organizers of the 2024 Paris Olympic Games want to make use of the Seine River, even for some swimming events. Cleaning up the city's famous waterway is proving difficult though.
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