In other news, the House approved another $97 billion in war funding for Iraq and Afghanistan through September, and House Speaker Nancy Pelosi again denied she knew about terror suspects being waterboarded amid mounting criticism.

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As Congress takes action on President Obama's budget plan, House Speaker Nancy Pelosi offers her perspective on lawmakers' spending priorities and how alternative budget proposals have fared in the debate.

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Columnists Mark Shields and David Brooks mull the political news of the week, including the battle in Congress over the stimulus bill and Sen. Judd Gregg's decision to drop his bid to become the Obama administration's commerce chief.

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President Barack Obama lashed out at Wall Street Thursday over reports that executives collected more than $18 billion in bonuses last year as his economic stimulus package headed to the Senate for review. Kwame Holman reports.

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President Obama headed to Capitol Hill Tuesday to try to garner bipartisan support for his economic stimulus plan, which some Republican congressional leaders have criticized for not doing enough to create and preserve jobs. Ray Suarez reports.

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President Barack Obama said Friday that he expected Congress to approve a proposed $825 million economic stimulus package by mid-February, setting up the first big test of his promise to set a new tone of bipartisanship in Washington.

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A day after President-elect Barack Obama warned that the recession could "linger for years" unless Congress pumps money into the economy, a government report released Friday underscored the toll the downturn is having on workers and companies.

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In response to President-elect Barack Obama's economy speech, House Speaker Nancy Pelosi outlined her concerns about getting an economic stimulus plan through the 111th Congress.

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While the Big Three U.S. automakers' hopes of an immediate financial shot in the arm were dashed Thursday on Capitol Hill, they are expected to meet lawmakers' demands to craft a convincing plan for rebuilding their once-mighty industry by Dec.

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In a shift of Democratic leadership, Rep. Henry Waxman, D-Calif., defeated fellow Democrat John Dingell of Michigan in a vote amongst lawmakers over who should chair the House Energy and Commerce Committee. Kwame Holman reports on the move.

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