News In Brief

Paulson, Bernanke Defend Bailout On Capitol Hill

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday defended their $700 billion financial bailout plan before lawmakers on Capitol Hill.

Yahoo CEO And Founder To Step Down

Yahoo Inc. founder Jerry Yang will step down as CEO of the company, bowing to pressure from investors who have criticized his management of the Internet pioneer.

Big Three On Capitol Hill To Ask For Bailout

http://www.npr.org/templates/story/story.php?storyId=97124751The executives of Detroit's Big Three auto makers were scheduled on Tuesday to go before Congress to ask for a $25 billion government rescue.

PPI Skids a Record 2.8 Percent

Producer prices fell a record 2.8 percent in October as energy prices continued to come down, the government reports.

Senate Democrats To Decide Lieberman's Fate

Democratic senators will hold a secret ballot on Tuesday to determine the fate of independent Sen. Joe Lieberman, whose chairmanship of the Homeland Security Committee hangs in the balance.

Seized Tanker Anchors Off Somali Coast

Pirates who seized a Saudi supertanker earlier this week anchored the enormous vessel off a Somali port on Tuesday, where they were expected to begin negotiations for the release of the crew and cargo.