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Republican Sen. John Warner of Virginia has announced that he will not run for re-election in 2008 and will retire after 30 years in the Senate. Warner has been one of the most authoritative voices in Congress on the military — and a key figure in the debate over the war in Iraq. Warner's retirement will make it even more difficult for Republicans to win back the Senate majority that they lost in November.

As the price of oil nears $100 a barrel, Congress' energy bill is still bogged down in conference, with House and Senate leaders unable to agree about car mileage standards, alternative fuels for utilities or ending tax breaks for oil companies.

"Depending on the outcome, it will either be viewed as genius or the dumbest political move in history," political science professor Patricia Crouse told NPR.

Federal Reserve Chairman Ben Bernanke said Thursday that he expects the U.S. economy to "slow noticeably" in coming months as the housing slump intensifies. Bernanke also said the economy has shown considerable resilience and should rebound next year.

Federal Reserve Chairman Ben Bernanke tells lawmakers the surge in energy prices coupled with a crumbling housing market and tight credit are expected to constrict the U.S. economy.

Stocks are down in reaction to the shakeup at Citigroup, one of the world's largest banks. Marketplace's Jill Barshay talks about how the company wrote off as much as $11 billion dollars in debt and how that could affect Citigroup's banking clients.

Climate experts are trying to come up with new ways to cut emissions of greenhouse gases after the current international climate treaty expires in 2012. One proposal is to pay developing countries to stop cutting down trees. The experts are gathering in Bali, Indonesia.

In a bid to stave off the swell of home mortgage foreclosures, the Bush administration announces plans to freeze interest rates for up to five years for certain subprime mortgage holders. The plan comes amid reports that third-quarter home foreclosures surged to an all-time high.

Benazir Bhutto, Pakistan's former prime minister and opposition leader, calls on President Gen. Pervez Musharraf to resign after she was placed under house arrest for a second time. She had threatened to lead a motorcade from Lahore to the capital Islamabad to protest emergency rule.

The Democratic-led Senate takes up legislation that would expand federal funding for embryonic stem-cell research, defying a White House veto threat. The bipartisan bill is nearly identical to one that the president vetoed last year.