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  • In Austin, Texas, a small private plane crashed into a federal office building that housed Internal Revenue Service workers. Initial reports indicate the pilot hated the IRS and may have crashed the plane intentionally.
  • President Obama said Tuesday Democrats and Republicans should be able to come together and pass a jobs bill. The comments came at a meeting with congressional leaders from both parties.
  • Automaker Toyota says it's recalling about 437,000 Priuses and other hybrid vehicles worldwide to fix brake problems. Toyota has now recalled more than 8.5 million cars worldwide because of various manufacturing defects.
  • The government's latest response to the financial crisis involves taking ownership stakes in financial institutions in order to get credit flowing through the economy again. Treasury Secretary Paulson said he didn't like government ownership of banks, but the alternatives, he said, were "totally unacceptable."
  • It's been 20 years since the legendary Indiana University men's basketball team won a national championship. Will new head coach Tom Crean be able to turn the tailspinning team around?
  • President Barack Obama and Treasury Secretary Tim Geithner have announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000.
  • The economy shrank at a pace of 3.8 percent in the final three months of last year, the worst performance in more than two decades. At the White House, President Barack Obama took note as he was launching a task force to focus on helping the middle class.
  • A Senate Judiciary subcommittee held a hearing Wednesday with a witness who warned the Bush administration against harsh interrogation techniques. Former FBI agent Ali Soufan interrogated Abu Zubaydah. He called the harsh methods ineffective.
  • The Senate has voted 94-2 to confirm Hillary Clinton as secretary of State. Clinton was expected to be confirmed Tuesday, but Texas Sen. John Cornyn raised objections, citing foreign contributions to Bill Clinton's foundation.
  • Elected officials are (almost) the oldest they have ever been in Washington which is causing discussions over what it means to be fit for office.
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