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Getting By: From Wall Street To Main Street

In the latest move aimed at getting credit moving again, the Federal Reserve detailed steps to help money market mutual funds by buying commercial paper. Such actions over the past three weeks have begun to stabilize the credit markets, financial professionals say.

As dean of Harvard Law, Supreme Court nominee Elena Kagan had to reconcile the conflict between the military's "don't ask, don't tell" policy and Harvard's anti-discrimination policy with respect to military recruiters on campus. While she never barred the military from campus, Kagan called its policy on gay service members a "moral injustice."

Nearly 20,000 people convicted of drug offenses could find out Tuesday if they'll be spending less time in prison. The U.S. Sentencing Commission may reduce the extra punishment that's given for crimes involving crack, as compared to powdered, cocaine. The Supreme Court ruled that federal judges may give lighter sentences to crack cocaine defendants than has been required.

The Democratic National Committee has sued the Federal Election Commission, saying the commission failed in its obligation to investigate Sen. John McCain's campaign finances. It's another consequence of the FEC being nonfunctional in the midst of the biggest fundraising season in history.

The cost of water in San Diego may go up, again. The proposal is the latest in a series of rate hikes over the past four years and is not without its critics.

The White House has been on a good news streak, accentuating the positive every day in areas ranging from Iraq to the BP oil well to the auto industry. On all of these fronts, serious challenges remain. The White House insists it is not hanging a "Mission Accomplished" banner too soon.

The White House announced Friday that it is reviving Bush-era military tribunals to prosecute about 13 of the roughly 240 detainees remaining at the U.S. detention facility at Guantanamo Bay, Cuba.

A Chinese woman living in the U.S. sought to buy military equipment used to gauge the power of nuclear explosions and export it to China, a federal grand jury charged Thursday.

California sued the federal government on Thursday to force a decision about whether the state can impose the nation's first greenhouse gas emission standards for cars and light trucks.