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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.

Lt. Gen. David Petraeus is expected to take command in Iraq and oversee President Bush's new policy. A graduate of West Point, Petraeus commanded the fabled 101st Airborne Division during the invasion of Iraq and went on to become the top trainer for Iraqi forces.

Roland Burris, Illinois Gov. Rod Blagojevich's pick to fill President-elect Barack Obama's Senate seat, will be seated in the Senate. The Senate's two top Democrats, Harry Reid and Dick Durbin, dropped their opposition to Burris being seated.

In a significant policy change, the U.S. has concluded there can be no power-sharing government as long as Zimbabwe President Robert Mugabe is in power. A State Department official spent days meeting with regional leaders in an attempt to get them to get tougher on the 84-year-old leader.

One of the greatest quarterbacks in the history of professional football has died. Sammy Baugh, who played for the Washington Redskins, was 94. Nicknamed Slingin' Sammy, he transformed the quarterback position with his accuracy and long passing.

President Obama met Tuesday with Republicans and Democrats in Congress to discuss Afghanistan. The meeting comes as Obama debates whether to increase troop levels in Afghanistan, as called for by his top commander in the country, Gen. Stanley McChrystal.

A new Justice Department report says that politics illegally influenced the hiring of career prosecutors and immigration judges. The 140-page report issued Monday largely lays the blame on top aides to former Attorney General Alberto Gonzales.

Democratic presidential nominee Barack Obama has picked up the endorsement of former Secretary of State Colin Powell. The former Bush administration official broke with the Republican party Sunday. Obama told a rally in Fayetteville, N.C., that he was honored to have Powell's support.

Steve Loden, partner at the law firm of Diamond McCarthy who focuses on bankruptcy litigation, talks about how the Chrysler bankruptcy might work.

Forecasters at the Federal Reserve warn of a possible recession later this year. This past week brought new insights into how Americans are working, spending, and coping with inflation.