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New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.

Up to 20 percent of soldiers who have fought in Iraq say they sustained a brain injury. Most with a severe brain injury never return to active duty. Army Spc. Freddy Meyers was shot in the head last May and initially could neither talk nor walk. Now he wants to go back to duty.

News of Ted Stevens' indictment for allegedly failing to disclose services he received from a private company drew mixed reactions from his Senate colleagues. The Alaska senator, who faces seven felony counts, has allies on both sides of the aisle and has declared his innocence.

Gen. David Petraeus, who once led U.S. troops in Iraq, becomes head of the U.S. Central Command Friday. That position includes responsibility for the war in Afghanistan. Petraeus already has endorsed reaching out to less-extreme Taliban elements. He also is expected to send more troops and air power to support the war in Afghanistan.

Barack Obama has been elected president with 52 percent of the popular vote. A day after the result, he named his transition team. Obama will have to navigate between lawmakers like Rep. Charlie Rangel (D-N.Y.), who wants new spending programs, and blue dog Democrats who want to work with pay-go rules.

There is a growing confrontation between the Israeli government and radical Jewish settlers in the occupied West Bank. After security forces destroyed an unauthorized settler outpost, the settlers called for violence against Israeli soldiers and rampaged through a Palestinian village. Senior Israeli officials are pushing for tougher action against the right-wing settlers.

The U.S. House has rejected the $700 billion Wall Street bailout plan, ignoring calls for quick passage from the Bush administration and a bipartisan line of congressional leaders. Stocks started to plunge before the final gavel.

The current economic climate is prompting investors to ask where the economy is heading. Juli Niemann, an executive vice president at Smith Moore & Company in Saint Louis, says she's discouraging investors both from panic selling and from bargain buying at this point.

The weapon used to carry out the mass shooting in Allen, Texas, is one all too familiar to Americans and lawmakers who have witnessed mass shootings occur quite frequently this year.

Israel held elections Tuesday and preliminary results show both Likud's Benjamin Netanyahu and Kadima's Tzipi Livni claiming victory. The results are a sign of the difficult coalition government talks to come.