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Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.

President-elect Barack Obama comes from the same city and state as Illinois Gov. Rod Blagojevich, and it was the Obama seat in the Senate that Blagojevich is accused of trying to sell. Is it possible this scandal will leave the new president unsinged?

President Barack Obama and Treasury Secretary Tim Geithner have announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000.

Michael Steele, the new head of the Republican Party, found himself in hot water again with his fellow Republicans when he told a GQ reporter that women have a right to choose an abortion. The comments could have political implications.

Treasury Secretary Timothy Geithner went to Capitol Hill on Thursday with expansive plans to reduce "systemic risk" in the financial system. He called for new rules and better referees. And he was met with skepticism, particularly from Republicans.

President Barack Obama's budget proposal is placing conservative Democrats in a tight spot. Republicans are asking them to be fiscally cautious. Liberals are targeting them with a barrage of ads, urging them to support the president's budget.

Passengers of the Ambassador Cruise Line had just arrived in the Faroe Islands when a group of small boats drove the whales to shallow water for killing, part of a long-standing local tradition.

In Washington, it was a crucial day of meetings between the leaders of the United States, Pakistan and Afghanistan. Afghan President Hamid Karzai and Pakistani President Asif Ali Zardari huddled first with Secretary of State Clinton and later with President Obama and made a number of key commitments.

President Obama is expected to nominate federal appeals Judge Sonia Sotomayor to the Supreme Court. She would be the first Hispanic justice. If confirmed by the Senate, Sotomayor would succeed retiring Justice David Souter.

President Bush has called once again for the House to adopt a Senate bill on foreign intelligence — and by noon, Democratic Majority Leader Steny Hoyer was saying the House would take up a bill next week. Whether the bill includes the retroactive legal immunity for phone companies that the president demands was not immediately clear.