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Big 3 carmakers beg for $25B, warn of catastrophe
(AP)
AP - Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.
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Holder accepts Obama's Justice offer, senior Democrat says
(AP)
AP - President-elect Barack Obama's top choice for attorney general is Eric Holder, a former No. 2 Justice Department official in the Clinton administration and Obama campaign aide who would become the first African American to serve as the nation's chief lawyer.
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Stevens falls further behind in Alaska Senate race
(AP)
AP - Alaska Sen. Ted Stevens dropped further behind Democrat Mark Begich in his re-election bid Tuesday as the convicted felon's 85th birthday became a grueling wait that could determine whether his decades-long hold on power is over.
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McCain to set up PAC to seek 5th Senate term
(AP)
AP - Sen. John McCain, whose presidential bid was snuffed out two weeks ago by President-elect Barack Obama, is setting up a political action committee as a first step in running for a fifth term in the Senate.
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Aruba police pursue new evidence in Natalee Holloway case
(AP)
AP - A new witness has come forward in the 2005 disappearance of American teenager Natalee Holloway in Aruba, and prosecutors said Tuesday they are seeking more evidence against the only remaining suspect.
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Sheriff says bonfire accidentally caused 1 of 3 California wildfires
(AP)
AP - The Santa Barbara County sheriff says a weekend wildfire that destroyed 210 homes was caused accidentally by a bonfire built by a group of young adults. Sheriff Bill Brown said Tuesday that the 10 young people thought they put out the bonfire before they left. The destructive wildfire erupted about 13 hours after the group left the tea garden where the bonfire was built.
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Ariz. boy: Someone shot dad, renter before I did
(AP)
AP - An 8-year-old boy accused in the shooting deaths of his father and another man said in a police interview released Tuesday that he did not fire the first shots at the men but later shot them so they wouldn't suffer.
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Doctors transplant windpipe with stem cells
(AP)
AP - Doctors have given a woman a new windpipe with tissue grown from her own stem cells, eliminating the need for anti-rejection drugs. "This technique has great promise," said Dr. Eric Genden, who did a similar transplant in 2005 at Mount Sinai Hospital in New York. That operation used both donor and recipient tissue. Only a handful of windpipe, or trachea, transplants have ever been done.
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Man nabbed after hitting girlfriend with sandwich
(AP)
AP - A man faces a domestic battery charge after allegedly hitting his girlfriend with a sandwich as she was driving on Interstate 95 on Friday. Police said the 19-year-old man became angry and hit the woman in the arm and face with a sandwich, knocking her glasses off.
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Red Sox 2B Dustin Pedroia easily wins AL MVP award
(AP)
AP - Dustin Pedroia could easily be mistaken for a mechanic, carpenter or plumber, most anything except a major leaguer. "I'm not the biggest guy in the world. I don't have that many tools," he said. "If you saw me walking down the street, you wouldn't think I'm a baseball player." Well, not unless he was carrying his AL MVP award.
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Lawmakers, Treasury lock horns on foreclosures
(Reuters)
Reuters - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.
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U.S. auto execs plead for Congress to fund bailout
(Reuters)
Reuters - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.
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Obama moves closer to key cabinet pick
(Reuters)
Reuters - President-elect Barack Obama moved closer to filling a key spot in his cabinet on Tuesday as his transition team plotted a careful course to shaping the next U.S. administration.
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CEO poll, bets back Fed's Geithner as Treasury pick
(Reuters)
Reuters - Momentum to name Timothy Geithner as the next U.S. Treasury Secretary seems to be building, both among the country's top business executives and bettors with actual skin in the game.
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Senate Republican vote on Stevens postponed
(Reuters)
Reuters - U.S. Republican Sen. Ted Stevens, convicted last month of political corruption, turned 85 on Tuesday with his re-election bid facing a mounting hurdle.
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Clinton job for Obama may depend on Bill
(Reuters)
Reuters - If Sen. Hillary Clinton is to be picked by President-elect Barack Obama as his secretary of state, it may well depend on a review of the business activities of her husband, former President Bill Clinton.
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Washington debates bailout
(Reuters)
Reuters - The U.S. Treasury defended its handling of the financial bailout on Tuesday as American banking and auto woes reverberated around the globe and the International Monetary Fund said it would need extra funding to help countries through the downturn.
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McCain-backer Lieberman keeps Senate chairmanship
(Reuters)
Reuters - Senate Democrats on Tuesday yielded to the wishes of President-elect Barack Obama and allowed Joe Lieberman to keep his committee chairmanship despite having backed Republican John McCain for the White House.
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Saudi tanker carrying millions in oil taken to Somali pirates' lair
(AFP)
AFP - A hijacked Saudi super-tanker, carrying 100 million dollars of oil, anchored Tuesday off a notorious Somali pirate port as sea gangs struck again and seized a Hong Kong cargo ship.
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Rebels withdraw from two DR Congo frontlines
(AFP)
AFP - Rebels announced Tuesday they would withdraw from two fronts to give peace a "new chance" in strife-torn eastern Democratic Republic of Congo as government forces faced new charges of looting.