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News of Ted Stevens' indictment for allegedly failing to disclose services he received from a private company drew mixed reactions from his Senate colleagues. The Alaska senator, who faces seven felony counts, has allies on both sides of the aisle and has declared his innocence.

Barack Obama has been elected president with 52 percent of the popular vote. A day after the result, he named his transition team. Obama will have to navigate between lawmakers like Rep. Charlie Rangel (D-N.Y.), who wants new spending programs, and blue dog Democrats who want to work with pay-go rules.

Since slipping behind in the polls, Republican hopeful John McCain has been intensifying his attacks on Democrat Barack Obama. Mindful that the economy is uppermost in voters' minds, McCain repeated Wednesday the proposal he floated in Tuesday's debate: having the government come directly to the aid of people whose homes have lost value and who can't meet their monthly payments.

The U.S. House has rejected the $700 billion Wall Street bailout plan, ignoring calls for quick passage from the Bush administration and a bipartisan line of congressional leaders. Stocks started to plunge before the final gavel.

A Justice Department report finds that aides to former Attorney General Alberto Gonzales illegally discriminated against job applicants who weren't Republican or conservative loyalists. The report concludes that politics illegally influenced the hiring of career prosecutors and immigration judges.

The federal government has lent $170 billion to troubled insurance giant AIG to prevent its collapse. There's been criticism of that bailout, but it pales when compared to widespread outrage over the $165 million that AIG paid recently in employee bonuses. Republicans have gone on the offensive against the Obama administration, while Democrats are scrambling to recoup the bonus payments.

The federal government has ordered some of the nation's largest banks to raise a total of $75 billion. The Treasury Department revealed the results of its so called "stress tests" to assess the health of the financial system. Bank of America, Wells Fargo, Citigroup and others will be required to raise more capital.

Israel and Hamas have ignored a U.N. Security Council call for an immediate cease-fire. Israel continued attacks in Gaza and Hamas kept up with its rocketing of Israel. Meanwhile, U.N. officials said they plan to resume aid to Gaza as soon as practical.

Israel held elections Tuesday and preliminary results show both Likud's Benjamin Netanyahu and Kadima's Tzipi Livni claiming victory. The results are a sign of the difficult coalition government talks to come.

Concerns rise for Mitch McConnell after he froze at another press conference. Flood risks remain after Idalia swept the Southeast. A fire in Johannesburg has killed more than 70 people, many homeless.