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The Federal Reserve's response to the crisis in the housing market was Chairman Ben Bernanke's biggest move since he took office. It comes in a week of publicity about his predecessor Alan Greenspan. But the real pressure stemmed from an economy at risk and the lives of consumers disrupted.

President Bush nominated Judge Michael Mukasey to be the next attorney general. And if the Senate confirms him, he will have only 16 months on the job. That's a short amount of time to accomplish a long list of tasks, including restoring morale at the Department of Justice and domestic spying.

German officials say that they've disrupted a terrorist plot to attack Frankfurt's international airport, as well as the U.S. military base at Ramstein. A German federal prosecutor says the three suspects trained in Pakistan and aimed to make bombs larger than those used in previous attacks in London and Madrid.

Japan's youngest post-war leader, Prime Minister Shinzo Abe, is resigning. His decision to step down after less than a year in office follows a humiliating electoral defeat for his party and a series of financial scandals involving members of his cabinet.

Ford says it will extend contract talks in Detroit beyond the midnight deadline. General Motors and Chrysler may do so as well. Each company says it needs major changes from the United Auto Workers if they are to survive.

Sen. Larry Craig (R-ID) announces Saturday that he will resign from the U.S. Senate at the end of the month. Sen. Craig has been dogged by a sex scandal that has caused the Republican Party to ostracize him.

Pakistan may be facing an uncharacteristically dramatic presidential campaign this fall, as President and Army Chief Pervez Musharraf faces a likely challenge from two former prime ministers, Benazir Bhutto, and Nawaz Sharif.

Former Pakistani Prime Minister Benazir Bhutto says she believes she will be able to stay when she returns to the country from exile next month. She plans to go back despite the lack of a power-sharing agreement with President Gen. Pervez Musharraf.

Kurt Vonnegut Jr., the acclaimed author of more than a dozen novels, short stories, essays and plays, died in Manhattan Wednesday. He was 84. His most famous work, Slaughterhouse-Five, was an iconic novel born out of his memories of war and its absurdities.

David Halberstam, the Pulitzer Prize-winning journalist, died in a car crash Monday in California. He rose to prominence during the Vietnam War and went on to dissect many of the institutions of America in the second half of the 20th century.