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Wells Fargo has stunned financial markets by announcing a merger with Wachovia. Wachovia was involved in a government-brokered deal with Citigroup earlier in the week. The Wells Fargo deal puts the Federal Deposit Insurance Corporation in an awkward position.

A federal jury in Alexandria, Va., sentences Zacarias Moussaoui to spend the rest of his life in prison on charges that he was a conspirator in the terrorist attacks of Sept. 11, 2001. Moussaoui, who confessed to being part of al-Qaida, is the only person charged in the United States in connection to the attacks.

The measure would set up a national cap-and-trade program, but it would wipe away the right for states to keep using their own longstanding initiatives. They also say it takes away much of the power the EPA has to control greenhouse gas pollution.

A new poll by NPR, the Kaiser Family Foundation and the Harvard school of Public Health says while lawmakers bicker and deal, the public feels largely shut out. Despite public support, the Senate Finance Committee voted down the public option Tuesday.

Investors are increasingly worried about economic weakness in the U.S. and a debt crisis in Europe. Some traders are selling ahead of Friday's employment report, expected to stay at 9.2 percent.

Olson became a conservative legal star in 2000, after he successfully argued George W. Bush's case before the Supreme Court in Bush v. Gore. Now, he has raised eyebrows on the left and right by passionately representing those who want to overturn Proposition 8, California's ban on gay marriage.

The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults.

Hours before President Obama delivered his prime-time speech, he took a walk on the beach in Pensacola, Fla., where tar balls have washed ashore. Some locals gathered at a restaurant on that same beach Tuesday night to watch the president's Oval Office address. Most said they're disappointed in the length of time it's taken to get the oil spill under control.

California will receive $2.25 billion, the largest amount for any state, in federal economic stimulus funds to develop a high-speed rail line. The trip time of the route between Anaheim and San Francisco, which is predicted to cost about $42 billion, is 2 hours, 40 minutes. Trains are expected to travel 220 MPH. We discuss what it will take to bring a high-speed rail to California.

As federal budget problems persist, the Defense Department plans to make the armed forces "meaner and leaner." We look at what this means to the Marine Corps; what it's like covering -- and being embedded with -- the Marines; the new commandant; and the prospect of ending don't Ask, Don't Tell..