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Treasury Secretary Henry Paulson issued a sweeping proposal to overhaul how U.S. financial companies are regulated. The proposal does not address the immediate crisis, but seeks to lessen the impact of crises in the future.

Wall Street investment bank JPMorgan Chase has agreed to pay more money for the troubled securities firm Bear Stearns. Last week, Bear Stearns almost melted down because of the credit crisis, and JPMorgan hoped to scoop up the firm at a fire-sale price. Then, top shareholders in Bears Stearns balked.

Two years ago, New Century Financial was the country's second largest subprime mortgage lender. Now, it's in bankruptcy, and a new report mandated by the bankruptcy court shines light on the company's shady practices.

Presidential elections will be held Saturday in Zimbabwe. President Robert Mugabe faces his toughest opposition during his 28 years in power as Zimbabwe, once among the most prosperous countries in Africa, is in economic chaos. With inflation at 100,000 percent, a loaf of bread costs millions of Zimbabwean dollars.

Justices tackle whether the second amendment guarantees the right to bear arms for the first time in 70 years. Why now?

The Supreme Court ruled Tuesday on a case that mixed presidential power, international relations and the death penalty. The justices said President Bush overstepped his authority when he tried to order Texas to reopen the case of a Mexican on death row for rape and murder.

Pakistan's National Assembly elected a new prime minister Monday. Yousaf Raza Gilani is the official head of a coalition government, dominated by the two parties that swept last month's elections and packed with outspoken opponents of President Pervez Musharraf.

The Bush administration's top housing official announced his resignation Monday. Housing and Urban Development Secretary Alphonso Jackson says much has been accomplished during his tenure, but critics say they hope the change will bring about policies that will help solve the housing crisis.

British Prime Minister Gordon Brown is visiting the United States this week. Brown will meet with President Bush and all three U.S. presidential candidates, but he has also focused his trip on the current economic downturn.

Maj. Gen. Ivan Popov said Russia's military leadership was angered by his frank talk about challenges faced by his forces, particularly the shortage of equipment that resulted in Russian casualties.