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Passengers of the Ambassador Cruise Line had just arrived in the Faroe Islands when a group of small boats drove the whales to shallow water for killing, part of a long-standing local tradition.

Scott McClellan, who once served as press secretary to President Bush, has written a memoir that accuses the Bush administration of misleading the country on the way to an unnecessary war in Iraq.

Now that the Senate has passed the economic bailout plan, the bill has to go back before the House. But the bill carries many more tax cuts that conservative Democrats may have a hard time passing. Illinois Rep. Rahm Emanuel, chair of the Democratic caucus, says the momentum is moving from "no" to "yes."

Calm settled on financial markets and Capitol Hill Tuesday after the House voted Monday to reject the Wall Street bailout plan. The Senate will vote Wednesday on a modified bill. Supporters hope a few changes will also lead to passage in the House.

Senators promised that lawmakers would indeed be back with a bill later this week after they tweak it to pick up more support.

Wells Fargo has stunned financial markets by announcing a merger with Wachovia. Wachovia was involved in a government-brokered deal with Citigroup earlier in the week. The Wells Fargo deal puts the Federal Deposit Insurance Corporation in an awkward position.

The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.

Lawmakers on Capitol Hill have agreed in principle to a $700 billion bailout for Wall Street. They're taking it to a summit Thursday at the White House, and hope to vote within days.

Lawmakers are hardly the only ones questioning whether the Bush administration's $700 billion plan to bail out Wall Street will work — or whether it's even the right option. Here, a look at some of the objections being raised on and off Capitol Hill.

Federal Reserve Chairman Ben Bernanke has signaled Fed policymakers will cut interest rates later this month. He said "downside risks to growth have increased," and that the outlook for inflation has improved.