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Sen. Edward M. Kennedy's Capitol Hill colleagues react to news of his malignant brain tumor with sadness, prayers and disbelief. Some are contemplating what Congress might look like without one of the Senate's most prolific legislators.

Recovery efforts in Dujiangyan, China are also focused on hydropower dams around the ancient city. The epicenter of last week's massive earthquake was near the huge Zipingpu dam, cracking its walls. Officials say Zipingpu is structurally safe and are releasing water to decrease pressure. Scientists warn that if the dam fails, the destruction would be even greater than the quake. NPR's Steve Inskeep speaks with NPR's Melissa Block.

The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.

The U.S. House passed the rescue package, paving the way for the government to start buying up troubled assets from financial institutions caught on the wrong side of record home foreclosures. Brian Naylor discusses the new bill.

President Bush announced a plan that will allow the U.S. government to spend about $250 billion of its $700 billion bailout program to buy equity stakes in banks. The government has been careful to call the program a "recapitalization" plan.

The rival candidates are spelling out their plans to improve the economy in appearances this week. And those plans have markedly different approaches to an issue likely to dominate the presidential race.

President-elect Barack Obama has named Mary Schapiro to head the Securities and Exchange Commission. In a news conference in Chicago, Obama said government regulators "had dropped the ball," leading to the financial meltdown.

President Obama's pick for Treasury secretary, Timothy Geithner, began his confirmation hearing with an apology Wednesday. He told members of the Senate Finance Committee the tax questions that delayed his confirmation were the result of his own careless mistakes. But he added the mistakes were unintentional. The panel is expected to vote Thursday on his nomination.

The Senate is set to vote Thursday on whether to release the second half of the $700 billion financial rescue package. While most Democrats are on board to approve the funds, many Republicans say the bill lacks transparency and accountability. President-elect Barack Obama's economic team went to Capitol Hill Wednesday to try to win them over.

A large credit union in Seattle has started an ad campaign that stresses its nonprofit bona fides. Sprint advertises calling plans that are right "for these times." Does austerity sell? Or is that a ridiculous contradiction?