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  • Instead of being used to buy toxic assets, Treasury Secretary Henry Paulson says a $700 billion bailout program will be used in other ways to stabilize financial markets. The program will now include companies that issue credit card debt, auto loans and student loans.
  • Former Alaska Sen. Ted Stevens, 86, who was killed in a Monday night plane crash, wielded outsized clout in the Senate, usually on behalf of his vast state. Though infamous for his fiery temper and often cranky demeanor, Stevens was not strongly partisan: He was first and foremost an appropriator.
  • Critics of the Minerals Management Service have long said it was too cozy with the oil industry, but those were problems of little interest to Congress until the catastrophic blowout in the Gulf of Mexico. The agency regulates offshore drilling and collects revenues from it.
  • JP Morgan Chase will acquire the troubled investment bank Bear Stearns at the fire-sale price of $2 a share, a deal quickly approved over the weekend by the Federal Reserve, which also approved a cut in its emergency lending rate to financial institutions by a quarter-point to 3.25 percent. The moves stirred fear in foreign markets.
  • There's widespread agreement among state politicians that they need to take more care with their rhetoric in the wake of Saturday's shootings. But there are also questions about how long gentler tones will predominate in a state where politics have grown more polarized — and far more heated — in recent years.
  • More San Diego county kindergarteners are starting school without being vaccinated.
  • A federal judge in San Diego has sentenced a former top lieutenant in Tijuana's Arellano Felix Drug Cartel to 40 years in prison. Ismael Higuera Guerrero negotiated a deal with the U.S. government after being extradited from Mexico last spring. KPBS reporter Amy Isackson has the story.
  • At ACORN Housing's North Philadelphia office, staffers worry that they may no longer be able to help the poor keep their homes if the funding freeze becomes permanent. The ACORN affiliate has already had to scale back some of its services.
  • For years, Russians were fascinated by their spies, even proud of them. Ten suspects have been arrested in the U.S. accused of spying for Russia. The accusations weren't exactly a bombshell in Moscow -- after all, Russians say the Cold War is the past, and espionage seems like an old art.
  • Baja Calfiornia's Attorney General Rommel Moreno says the arrests of two drug gang leaders who operated in Tijuana are not a death blow for the brutal drug trafficking group. Meanwhile, Mexican authorities have linked one of the alleged leaders to yet more heinous crimes.
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