Reuters - Following a White House veto threat, the House of Representatives on Tuesday failed to passed legislation giving the Federal Trade Commission the authority to punish oil companies that charged excessive prices for gasoline during supply emergencies.

AP - House Democrats failed Tuesday to resurrect a bill to punish price gouging at the gas pump, while maneuvering to block Republican attempts to expand offshore drilling, an idea gaining in popularity amid $4-a-gallon gas prices.

AP - A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

AFP - Hoping to spoil this week's political embrace of erstwhile foes Barack Obama and Hillary Clinton, Republicans are picking at festering wounds from the Democratic White House primary battle.

AP - Hillary Rodham Clinton is returning to Congress Tuesday for the first time since suspending her presidential campaign.

Reuters - New York's Republican Senate Majority Leader Joseph Bruno said on Tuesday his surprising decision not to seek re-election had nothing to do with a federal probe of his business ties.

Reuters - U.S. Senate backers of a housing bill that the White House opposes cleared a procedural hurdle on Tuesday, moving toward expected passage of the measure that would create a multi-billion dollar mortgage refinancing fund.