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With the Senate's passage Tuesday of a massive economic stimulus bill, the legislation heads to a House-Senate conference. Reconciling the different chambers' bills won't be easy. The Senate took the House bill, added tax cuts, cut spending and overall increased the cost. The three Republicans who helped approve the Senate bill hold most of the cards.

The White House has said it is ready to step in to a prevent the collapse of General Motors and Chrysler. But such a last-minute rescue is no more than a reprieve and questions about a more extensive bailout will be waiting for president-elect Barack Obama and the new Congress.

The National Bureau of Economic Research says the United States has officially been in a recession since December 2007. A recession is sometimes defined as two consecutive quarters of negative growth, but the private group uses a more precise measure.

President-elect Barack Obama appointed former rival Sen. Hillary Clinton to his national security team on Monday. He also announced that Bush appointee Robert Gates will remain as Secretary of Defense. What do Obama's picks reveal about his global priorities?

Barack Obama chose to head north for his first foreign trip as president. He met with Canada's Prime Minister Stephen Harper in Ottawa on Thursday. Obama said he doesn't believe a controversial "buy America" clause in his stimulus package will significantly discriminate against Canadian industry.

President Barack Obama unveiled a $75 billion plan Wednesday to help up to 9 million homeowners avoid foreclosure. He made the announcement in suburban Phoenix, which has been badly affected by the real estate crisis.

Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on Tuesday that he didn't see why bank nationalization would be necessary. David Wessel of The Wall Street Journal talks with Renee Montagne about what nationalization means.

President Obama unveiled his budget for 2010 on Thursday. Democrats praised the president's commitment to expanding health care coverage, education funding and clean energy. Republicans were skeptical — especially about plans to raise taxes on businesses and wealthy households.

The Dow Jones industrial average fell Monday more than 3 percent, slipping below 7,000 for the first time since 1997. The markets are reacting to a variety of negative reports, everything from AIG's losses to Warren Buffett's comments over the weekend.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.