Reuters - President George W. Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression.

Politico - A House Republican will circulate a letter among his colleagues on Wednesday asking the New York Times whether a third-party group can take out a full-page advertisement in the paper to run a previously rejected editorial by their presidential candidate, Arizona Sen. John McCain, according to people familiar with the decision.

AP - The government would help struggling homeowners get new, cheaper loans and be allowed to offer troubled mortgage giants Fannie Mae and Freddie Mac a cash infusion as part of legislation that aims to calm the chaotic housing market.

AP - Texas oilman T. Boone Pickens asked Congress on Tuesday to "clear the path" for his plan to boost use of wind and natural gas for U.S. energy needs.

AP - The chairman of the House Homeland Security Committee says he might pursue new gun restrictions in response to a recently enacted Georgia law that could allow people to carry concealed firearms in parts of the Atlanta airport.

AP - The Senate voted 94-0 Tuesday to move ahead on legislation to curb speculation in oil markets. But any hope of bipartisanship to pass the bill is likely a mirage.