AP - Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke waged a stout defense on Capitol Hill Tuesday of their management of a $700 billion financial bailout just one week after the administration abandoned the original strategy behind the rescue.

AP - Detroit's Big Three automakers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout fatigue.

AP - Wholesale prices plunged a record amount in October as energy prices fell by the largest amount in 22 years.

AP - Pirates who seized a Saudi supertanker loaded with $100 million in crude oil anchored the ship within sight of impoverished Somali fishing villages Tuesday, while the U.S. and other naval forces decided against intervention for now.

AP - Michael Hernandez pulled a charred photo album from the wreckage of his home, the plastic pages melted by the wildfire that tore through the mobile home park where he lived with his grandparents and 7-year old daughter.

AP - Two astronauts face a tedious cleaning and lube job Tuesday, the first of a series of spacewalks to resurrect a massive joint that turns one of the international space station's power-generating solar-panel wings toward the sun.

AP - Michael Jackson might be too sick to travel to London to testify in a suit claiming he owes an Arab sheikh $7 million, the pop star's attorney said Tuesday.

AP - The Pittsburgh Steelers walked off the field Sunday just happy they had won.

AP - Turns out the Cleveland Browns aren't quitters after all. And they have Phil Dawson to thank for this wild win.

Reuters - Producer prices fell a record 2.8 percent in October as energy prices slid, government data on Tuesday showed, but a measure of core inflation at the farm and factory gate rose more than forecast.

Reuters - Treasury Secretary Henry Paulson on Tuesday said the unpredictable nature of the current financial crisis meant it was necessary to ensure that financial bailout money was not diverted to other uses.

Reuters - Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4 percent on hopes his departure will clear the way for a deal with Microsoft.

Reuters - Iran's parliament speaker urged Iraqi lawmakers to keep resisting a security pact with the United States, official media said Tuesday, a day after Baghdad signed an accord on U.S. troop presence in Iraq.

Reuters - Russian President Dmitry Medvedev said on Tuesday he sees new opportunities for improving strained relations with the United States once President-elect Barack Obama takes office.

Reuters - The International Monetary Fund (IMF) said on Tuesday the number of countries seeking help to cope with a spreading economic crisis was growing every day.

Reuters - A Saudi supertanker hijacked by pirates with its $100 million oil cargo was anchoring off Somalia on Tuesday, the U.S. navy said.

Reuters - Sales of once-hot gift cards are expected to fall nearly 6 percent this holiday season as shoppers try to stretch their dollars by buying discounted merchandise, according to a survey released by the National Retail Federation on Tuesday.

AFP - A Saudi super tanker with a 100 million dollar oil cargo seized by pirates in a daring high seas heist was Tuesday nearing Somalia and the crew, including two Britons, is unharmed, the US Navy and the ship's operator said.

AFP - Laurent Nkunda's rebel group announced Tuesday it was withdrawing fighters from around a strategic town in the Democratic Republic of Congo to boost a peace mission by the UN special envoy.