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Houma is one of the coastal Louisiana town that sustained damage during Hurricane Gustav. There, power lines and utility poles are down everywhere and trees are blocking most roads — but the good news is, there is little flooding.

Delegates to the Republican National Convention in St. Paul, Minn., say Sarah Palin left them feeling energized and made her case for the vice presidency.

Alaska Gov. Sarah Palin formally accepts her party's vice presidential nomination at the Republican National Convention in St. Paul, Minn. Her teenage daughter's pregnancy and other controversies have done little to dim Palin's appeal among Republicans.

Detroit mayor Kwame Kilpatrick has entered into a plea deal on obstruction charges in connection with a city hall sex scandal. He will step down as mayor, serve 120 days in jail and pay the city of Detroit one million dollars in damages.

As questions swirl over Kim Jong Il's health, there is no sign he has relinquished control over the secluded North Korea. Experts say that whoever succeeds Kim may feel compelled to demonstrate control through military means.

Congress takes up the massive bill to bail out the nation's financial institutions this week, where the theme might be "anything but clean." So far lawmakers are focusing their concerns on oversight, helping homeowners and questioning CEO salaries.

The first debate between John McCain and Barack Obama is scheduled for Friday night, but its unclear whether it will happen; McCain wants to delay it while Congress deals with the financial crisis. Whenever it happens, there are plenty of clues about what to expect from the candidates — based on their performances during primary season.

Stock markets in Asia took a big hit Tuesday after Wall Street's 504-point drop on Monday. Most Asian markets were closed Monday for a holiday, so Tuesday was the first time investors reacted to the news of Lehman Brothers' bankruptcy and Merrill Lynch being bought by Bank of America.

The debate over a proposed $700 billion bailout of the nation's financial system has intensified. Lawmakers, including Ohio Sen. Sherrod Brown, say they want answers to how the situation became so dire. Brown says there's going to be no blank check.

Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are before the Senate Banking Committee Tuesday to urge senators to act quickly on the $700 billion bailout package. Democrats seem to be unfied over the plan but some Republicans are hostile towards it.