In other news, the Labor Department reported that U.S. jobless claims rose to their highest levels since 1982 and markets fell on concerns that medical and drug companies would lose money under the president's new health care budget.

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Accused Wall Street investor Bernard Madoff may not have bought securities for customers in 13 years, and Secretary of State Hillary Clinton called for pragmatic diplomacy in China.

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Ethical concerns are mounting over new revelations that Sen. Roland Burris, D-Ill., was asked to raise money for impeached Gov. Rod Blagojevich. NewsHour correspondent Elizabeth Brackett of WTTW in Chicago gives an update.

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The stimulus bill neared final approval in Congress Friday after weeks of tough debate. After a recap of the developments, Obama economic adviser Christina Romer discusses the plan.

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In this reporter's notebook, NewsHour senior corresondent Judy Woodruff reflects on Sen. Judd Gregg's decision to withdraw his nomination for Commerce Secretary and on how President Barack Obama's stimulus bill has fared in Congress.

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Commerce Secretary-designate Judd Gregg became the latest Cabinet nominee to withdraw from consideration, citing key differences with President Barack Obama on economic issues and the forthcoming Census. Washington Post reporter Chris Cillizza discusses the development.

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House and Senate negotiators have reached an agreement Wednesday on a $789 billion economic stimulus plan aimed at creating millions of jobs and providing tax cuts for millions of lower and middle income taxpayers, lawmakers say.

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Congressional leaders announced that they have reached a deal on a stimulus plan Wednesday -- although talks continued late in the day on the bill's final details. The Hotline's Amy Walter discusses the negotiations and Jeffrey Brown reports on the…

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The Treasury Department outlined an overhaul of the financial rescue plan Tuesday as the stimulus bill moved forward. Economists and analysts react to the developments.

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The Senate on Tuesday approved an $838 billion economic stimulus package of spending and tax cuts that now must be reconciled with the House's $819 billion version. President Barack Obama is pushing to get the plan signed by mid-February.

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