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News that JP Morgan Chase would buy troubled Bear Stearns for a basement price stunned Wall Street. But many Americans were also stunned that the U.S. Federal Reserve took other steps to prevent more damage to the struggling financial institution. Finance expert Alvin Hall updates listeners on the latest financial news, and what it means for consumers.

Southern California Edison plans to transport low-level radioactive material through the region. What do you need to know? We talk to Edison's chief nuclear officer to talk about the safety of the transport and U.S. plant safety in light of the Fukushima incident.

Administration officials say drilling permits issued by the Minerals Management Service in the past month do not violate the ban on new offshore drilling. But because the freeze was not put into writing, the details of the ban are difficult to assess.

Governor Schwarzenegger will host representatives from 70 countries at a global climate summit in Los Angeles this week. It happens just as California celebrates the third anniversary of approval of its historic plan to reduce the state’s greenhouse gases.

More that 20 years ago, California decided to get tough on criminals. Crackdowns included longer prison sentences, the "Three Strikes" law and tougher parole restrictions. Voters decided to keep criminals off the streets and away from society for as long as possible but we seem to have overlooked what affect all that might have on our prisons.

The San Diego Police Officers Association has sued the city several times in recent years, and the city has spent $8.6 million to fight them so far. That makes the city’s own cops its most expensive legal adversary.

The House had been expected to approve a Democratic overhaul of the Federal Intelligence Surveillance Act, or FISA, on Wednesday, but now it's unclear when the vote will occur. The bill expands oversight of the government's spying program and broadens the jurisdiction of the Foreign Intelligence Surveillance Court.

Hailed as big and ambitious by critics and supporters alike, President Obama's $3.55 trillion spending plan seeks to set in motion a historic remaking of the nation's health, energy and education policies over the next decade.

A top state water official says some Californians are in store for a "very serious adjustment" to their water use. The warning comes after a federal judge ruled the state must cut back on the amount o

Olympic track and field star Marion Jones has pleaded guilty to lying to federal investigators about using steroids. The three-time Olympic gold medalist also announced her retirement from the sport on Friday. Michele Norris has an update.