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The House Financial Services Committee voted on Wednesday to suspend nearly $13 million in bonuses paid to executives at Fannie Mae and Freddie Mac. The measure would also prohibit future bonuses. The Senate is expected to take up similar legislation.

Most mornings George Uraguchi grabs his paddle board and heads down this steep secluded canyon in Palos Verdes, one of Los Angeles County's wealthier coastal communities. On one recent morning though his predawn excursion was interrupted by what he saw in the still water.

"It was more than just debris," Uraguchi says. "I saw some life jackets and when I looked a little bit closer and sure enough there was an overturned boat out there."

Uraguchi called 911, then hopped into the water and paddled out through the floating life jackets and bobbing fuel cans.

The 2012 presidential campaign is already being shaped by new rules for political money. The Supreme Court's Citizens United ruling allows corporations to jump into the presidential contest, as lower-court rulings and the Federal Election Commission provide new avenues through which corporate money can flow.

Just as the Arab uprisings were getting under way, U.S. Secretary of State Hillary Clinton was warning that the region's foundations were sinking in the sand and that governments needed to respond to the needs of a young, educated and underemployed generation.

Now, she's come up with a new catchphrase.

"As tens of millions of young people enter the job market each year, we recognize that the Arab political awakening must also deliver an economic awakening," Clinton said. "And we are working to help societies create jobs to ensure that it does."

The man said the advances began when he was 10 years old. He was a fourth-grader and an altar boy at a Catholic school in Hudson, Mass. He said the priest would try to touch the altar boys when they were putting on their robes, and he'd invite them to the rectory, one at a time.

"He'd want to show us pornographic magazines, and ask us to take our pants down, and he'd take his pants down and expose himself and things like that," he said.

The Village of Hempstead, N.Y., sounds like a posh resort in the Hamptons. But if you ride the train an hour east from Penn Station, what you'll find is a working-class town of about 54,000 people, more than 80 percent of them African-American and Hispanic.

Nearly a third of local residents are underwater on their mortgages, six times the state average. Mayor Wayne Hall says he heard story after story from local residents who tried to get banks to refinance their loans, but couldn't. Finally, Hall got fed up.

When Energy Secretary Steven Chu appears on Capitol Hill on Thursday to defend the Obama administration's solar energy subsidy program, he will face questions about the solar panel firm Solyndra, which went belly up this summer.

The Energy Department has drawn stiff criticism over a government loan guarantee program that lent the company half a billion dollars, but the government has a long history of subsidizing many forms of energy.

Dozens of gun violence survivors and family members of victims traveled to Capitol Hill this week to try to convince lawmakers to pass a bill that would tighten loopholes in the background check system for people who buy firearms.

As confounding as was the failure of Penn State officials to act, the consensus explaining the motives for their ignoble behavior is that, first, Joe Paterno didn't want to scar the reputation of himself or his football program; and then, university executives wanted to protect the reputation of the dear old coach and his moneymaking team.

When it comes to the politics of school lunch programs, the easy part is agreeing that kids should be eating more fruits and vegetables.

The hard part? Determining what counts as a vegetable. Take, for instance, the tomato sauce on pizza. As part of new nutrition standards proposed by the U.S. Department of Agriculture, schools would need to use about one-half cup of tomato paste on pizza in order for the sauce to count as a vegetable serving.

Lawmakers say pizza and french fries deserve to keep their place in school cafeterias. New nutrition standards aimed at putting more fresh and healthy food in front of kids are being revised in a current House agriculture appropriations bill. The latest version says the tomato sauce on a slice of pizza is the equivalent of a vegetable. Critics are likening it to the "ketchup-as-a-vegetable-controversy" during the Reagan administration.

In an interview with NPR, Secretary of Energy Steven Chu vigorously defended the actions of the Department of Energy with regards $528 million in loans it gave the now-bankrupt solar energy company Solyndra.

Chu told All Things Considered's Melissa Block that neither he nor any of his staff working on DOE loans program was swayed by politics and that even in hindsight there was no way to know that Solyndra would fail.

Polls continue to show former House Speaker Newt Gingrich solidly in the top tier of Republican presidential contenders. But at the same time, he is dogged by questions about a job he had after leaving Congress: consulting for the mortgage giant Freddie Mac — but not, he says, lobbying.

The questions began at the candidates' debate in Michigan last Wednesday, when CNBC's John Harwood asked Gingrich what he did for a $300,000 contract with Freddie Mac in 2006.

"I offered them advice on precisely what they didn't do," Gingrich said last week.

When the United States Supreme Court agreed Monday to hear a challenge to the health care reform law, the Court also announced that the parties would have more than the usual one hour to argue the case before the justices. That is not unheard of in particularly important cases — Bush v. Gore was allotted ninety minutes. But at five and a half hours, the length of time given for the health care case is nearly unprecedented in the modern Court.