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News Wrap: Freed on Bail, Strauss-Kahn Now in Undisclosed ‘Safe House’

May 20, 2011 at 12:00 AM EDT

HARI SREENIVASAN: The former head of the International Monetary Fund, Dominique Strauss-Kahn, was released from jail in New York today. Law enforcement officials said he posted $1 million bail and was taken under armed guard to an undisclosed safe house. He is to remain there, awaiting trial on charges of sexual assault against a hotel maid.

The people of Vicksburg, Miss., can breathe a sigh of relief this weekend. The Mississippi River crested slightly lower than expected. The crest came Thursday at more than 14 feet above flood stage. It eased concerns that water might breach the city’s main levee. Farther south, a five-mile stretch of the river was closed at Baton Rouge, Louisiana, today. The Coast Guard said four grain barges broke loose, and two of them sank.

President Obama congratulated workers at the CIA today for the years of work that led to finding and killing Osama bin Laden. The president visited the intelligence agency’s headquarters in Langley, Va., and he praised what he called one of the greatest intelligence successes in American history.

PRESIDENT BARACK OBAMA: You’re often the first ones to get the blame when things go wrong. And you’re always the last ones to get the credit when things go right.

So, when things do go right — and they do more often than the world will ever know — we ought to celebrate your success.

HARI SREENIVASAN: The president has already met with the Army helicopter pilots and Navy SEAL team involved in the bin Laden raid.

The long struggle to help the paralyzed walk again has made a new advance. The medical journal Lancet reported today on the case of Rob Summers, who was paralyzed in a car accident five years ago. In 2009, doctors implanted an electrical stimulator onto the lining of his spinal cord. Summers was then able to stand, wiggle his toes, move his knees and hips, and take a few steps on a treadmill.

ROB SUMMERS, paralyzed: On the third day of turning the stimulator on, I was able to stand independently. Not only did that boost my confidence and continue to give me hope towards my ultimate goal of getting up and standing and walking, but it helped me out physically and emotionally as well.

HARI SREENIVASAN: The treatment was developed by doctors at the University of Louisville in Kentucky. Summers still spends most of his time in a wheelchair, but he is the first person with a complete spinal cord injury to show such progress.

World-renowned cycling champion Lance Armstrong has been accused again of using a drug to boost his performance. Armstrong won the Tour de France race seven times from 1999 through 2005. Now former teammate Tyler Hamilton has told CBS News that he saw Armstrong inject the blood booster EPO, and he said he used it himself. Hamilton said it happened during the 1999 Tour and before the 2000 and 2001 races. Armstrong quickly denied the charge and said, again, he has never failed a drug test.

The professional wrestler known as Randy “Macho Man” Savage died today in a car crash in Florida. His gaudy getups and flamboyant style helped make him a star and pro wrestling a national phenomenon in the 1980s. He was known for rivalries with the likes of Hulk Hogan and Ricky Steamboat. At his death, Randy Savage was 58 years old.

On Wall Street, stocks finished a third straight loss — a third straight week of losses. The Dow Jones industrial average fell 93 points to close just over 12,512. The Nasdaq dropped 20 points to close at 2,803. For the week, the Dow was down more than half-a-percent; the Nasdaq lost nearly 1 percent.

Those are some of the day’s major stories.