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Federal authorities are investigating a massive oil spill in the San Francisco Bay after a Hong Kong-owned cargo ship smashed into the Bay bridge. The 58,000 gallons of fuel has defiled some 40 miles of beaches.

Treasury Secretary Henry Paulson is leading talks with major mortgage lenders. About 2 million subprime loans are scheduled to "reset" to higher interest rates during the next two years. Lenders are talking about freezing rates to hold down rising defaults and foreclosures.

The U.S. military arrested Pulitzer Prize-winning photographer Bilal Hussein on April 12, 2006. For the past year and a half, he has been imprisoned without any formal charges. This week, the military announced plans to submit a complaint against Hussein through the Iraqi justice system.

Venezuelans will vote Sunday on proposed changes to their constitution, which would give more power to President Hugo Chavez. Juan Forero talks about the latest from the country's controversial leader.

President Bush addresses the nation's housing downturn as the White House puts together a plan with lenders to help homeowners facing sharply higher mortgage interest rates.

Washington Post columnist Dana Milbank's new book, Homo Politicus offers a humorous "anthropological" study of the people and rules that govern Potomac Land, the place otherwise known as Washington.

Democrat John Edwards narrowly edged Hillary Clinton for second place in the Iowa caucuses, behind Barack Obama. Edwards, the former North Carolina senator, is already in New Hampshire to rally voters for next week's primaries.

Iowa's voters caucus on Jan. 3. The state's 1,784 precinct caucus locations will receive Democratic voters who apportion delegates to various candidates. It takes place in public. But Republicans choose the winner by popular vote, putting a candidates name on paper and dropping it in a box.

Mark Zuckerberg has pitched Meta's Twitter clone as a more "friendly" place for online discourse. Executives say breaking news and politics will not be the emphasized. But is that realistic?

Exit polls are showing Lee Myung-bak, a conservative former mayor of Seoul, winning South Korea's presidential election. Voters overlooked fraud allegations in hope that the former Hyundai CEO will revive the economy. Lee, of the Grand National Party, received 50.3 percent of the vote.