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Stocks are down sharply after the House of Representatives rejected a $700 billion bailout of Wall Street. At one point, the Dow Jones industrial average was down more than 700 points.

President Bush signed a $700 billion financial bailout package Friday, shortly after the U.S. House passed the rescue measure. The action paved the way for the government to start buying up troubled assets from financial institutions caught on the wrong side of record home foreclosures.

Federal Reserve Chairman Ben Bernanke has told lawmakers they should be "considering" another stimulus package. He said a new stimulus plan should be "targeted" and focused on ways to "help improve access to credit by consumers, home buyers, businesses and other borrowers."

The House votes again Friday on the bailout. It failed to pass the measure on Monday, but the Senate's passage of the bill may persuade some lawmakers to switch their votes. The $810 billion question: Will it pass?

Fast-food giant McDonald's says it has stopped serving sliced tomatoes in all of its sandwiches in the United States over fears of salmonella poisoning. The company said the precaution will remain in place until the source of the salmonella is found.

Sen. Barack Obama pledges support for Israel at a Washington, D.C., event. Sen. Hillary Clinton calls Obama a "friend to Israel" but does not acknowledge him as the presumptive Democratic nominee.

An outbreak of salmonella is forcing McDonald's and other chain restaurants to stop serving tomatoes. It's not certain that tomatoes are the source of the problem, which left more than 100 people sick in more than a dozen states — but a process of elimination has focused scrutiny on raw tomatoes.

Hillary Clinton's moment in the spotlight at the Democratic National Convention in Denver had been much anticipated. Many Clinton delegates say they won't be ready to move on and support Barack Obama until they get a chance to vote for her in Wednesday's roll call tally of the states. The details of the roll call vote are still being worked out.

The government rescue of Fannie Mae and Freddie Mac sent mortgage rates plunging on Monday. Some bond investors say this is a positive first sign. But the future of these two mortgage financing giants depends on what happens when a new administration takes over in Washington.

Treasury Secretary Henry Paulson has said the U.S. financial system is sound and resilient despite the recent economic downturn. Paulson's remarks came after Lehman Brothers declared bankruptcy, Merrill Lynch was sold and AIG battled to stay afloat.