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  • A large credit union in Seattle has started an ad campaign that stresses its nonprofit bona fides. Sprint advertises calling plans that are right "for these times." Does austerity sell? Or is that a ridiculous contradiction?
  • Retired Gen. Eric Shinseki, President-elect Barack Obama's pick to head the Department of Veteran Affairs, has promised to modernize the agency. Shinseki appeared Wednesday before the Senate Veterans Affairs Committee at his confirmation hearing.
  • A massive fire in the Angeles National Forest nearly doubled in size overnight, threatening 12,000 homes in the Los Angeles area. Gov. Arnold Schwarzenegger has issued emergency declarations for four counties.
  • President Obama said Tuesday success in Afghanistan "was inextricably linked" to Pakistan. Adil Najam, professor of international relations at Boston University and the founding editor of the blog Pakistaniat: All Things Pakistan, says events in Afghanistan have an almost-immediate impact in neighboring Pakistan.
  • U.S. Attorney General Eric Holder called the recent beating death of a Chicago teen a "wake-up call" that would lead to action. Holder and Education Secretary Arne Duncan held a news conference with Chicago Mayor Richard Daley. The two Cabinet officials were sent by the White House to Chicago after the killing.
  • Students who are covered by Medicaid could get access to a wider network of doctors and hospitals, as well as mental health services, if they get care through their school's health plan.
  • The administration wants to tie more of Medicare's spending on health care to quality and to encourage doctors and hospitals to be more frugal in their spending.
  • President Biden heads to a New York district where Republicans eked out a victory in 2022. It's part of a push to put pressure on vulnerable Republicans to lift the debt ceiling.
  • Financial assistance to Ukraine will help shore up the country's currency, which has maintained strong buying power despite the war.
  • The House has passed an $825 billion economic stimulus bill. However, no Republicans voted for the bill. They say it has too much spending and not enough tax cuts. It was a loss for bipartisanship but an early win for President Obama — just eight days into his presidency. The bill now goes to the Senate.
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