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The U.S. House has rejected the $700 billion Wall Street bailout plan, ignoring calls for quick passage from the Bush administration and a bipartisan line of congressional leaders. Stocks started to plunge before the final gavel.

Turns out wireless networks aren't wireless at all. And light pulses in fiber optic cables carry your voice around the world. A new exhibition explains the science you hold in your hand every day.

In New Orleans, there is a sense of relief that Hurricane Gustav didn't roar ashore as hard as it could have. The city avoided a direct hit, and its improved levee system has held.

The conflict in Gaza presents a challenge for the incoming Obama administration, which already was facing a packed Middle East agenda. Leslie Gelb tells Steve Inskeep that the question now is whether the situation in Gaza will make it harder for President-elect Barack Obama to keep his campaign promises of active peacemaking between the Israelis and Palestinians. Gelb is a former state and defense department official and president emeritus of the Council on Foreign Relations.

President-elect Barack Obama is expected to nominate Hilda Solis as labor secretary. The Democratic congresswoman was just elected to her fifth term representing heavily Hispanic portions of eastern Los Angeles County and east L.A. She is the daughter of Mexican and Nicaraguan immigrants.

Secretary of State-designate Hillary Clinton appeared before the Senate Foreign Relations Committee Tuesday for her confirmation hearing. The New York senator, and former first lady, got a generally warm reception from her colleagues. Some were a bit cooler, though, about foreign donations to her famous husband's foundation.

Caroline Kennedy has asked Gov. David Paterson to withdraw her name from consideration for the New York Senate seat vacated by Hillary Clinton. A source familiar with the matter says she is no longer pursuing the seat for personal reasons. Robert Siegel speaks with New York Post reporter Fred Dicker about the story.

Caroline Kennedy has ended her bid to win appointment to the U.S. Senate seat vacated by Hillary Clinton and once held by her late uncle, Bobby Kennedy. In a statement released early Thursday, Kennedy says she told New York Gov. David Patterson she is withdrawing for personal reasons. She was considered a favorite for the New York Senate seat, though she has never held elective office.

Attorney General-designate Eric Holder says "waterboarding is torture." He spoke about it at his confirmation hearing Thursday. The Senate Judiciary Committee is expected to hear from other witnesses Friday.

In the wake of the financial scandal that destroyed Enron, Congress created an independent board to watch over the accounting of all publicly traded firms. In order that the Public Company Accounting Oversight Board have total independence from political influence, Congress deemed that its members be appointed by the Securities and Exchange Commission. The court heard arguments Monday that challenge whether Congress went too far and overstepped the Separation of Powers clause of the Constitution.