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Calm settled on financial markets and Capitol Hill Tuesday after the House voted Monday to reject the Wall Street bailout plan. The Senate will vote Wednesday on a modified bill. Supporters hope a few changes will also lead to passage in the House.

On Friday, presidential candidates Barack Obama and John McCain squared off at the University of Mississippi in the first of three scheduled debates. But some say that neither of the candidates gave a stellar performance in their exchanges over foreign policy and the economic crisis.

One day after Wall Street's massive fall, the Dow Industrials opened strong Tuesday morning. The Nasdaq also was up. The reaction to the failed U.S. economic bailout plan around the rest of the world was mixed.

The House of Representatives rejected a $700 billion dollar financial bailout plan yesterday. As a result, the Dow dropped over 700 points, the largest stock drop in history. Two congressmen discuss voting for and against the bailout plan yesterday.

Senators promised that lawmakers would indeed be back with a bill later this week after they tweak it to pick up more support.

The Senate debates a revised financial bailout bill that includes sweeteners to attract votes when it moves to the House. The core remains the same: The government gets $700 billion, incrementally, to buy the troubled assets of financial companies.

The House voted Friday on the financial rescue plan that the Senate passed Wednesday. The new version includes billions of dollars in tax breaks and credits. Keith Ashdown, chief investigator at Taxpayers for Common Sense, says lawmakers in the Senate piled on as much baggage onto what they saw as the last legislative train leaving the station.

When the House voted on the Wall Street rescue package Monday, Republican Michael Burgess of Texas voted against the bill. Burgess says he'll continue to study the bill, but right now he's leaning toward voting no again. He says the bailout package is very unpopular in his home district.

A heat wave that's expected to peak this weekend kicked off with record high temperatures and put one-third of Americans under heat alerts.

The Fed and Treasury is considerig entering the commercial paper market, made up of unsecured corporate IOUs extended over a short period of time. We examine just how risky the unprecedented move is.