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The troubled mortgage companies' CEOs won't leave empty-handed. Fannie Mae's Daniel Mudd will likely take home $9 million, while Freddie Mac's Richard Syron may walk out the door with $13 million.

In Pakistan, lawmakers will select the country's next president Saturday. Asif Ali Zardari is the frontrunner to succeed President Pervez Musharraf, who resigned under pressure last month. Zardari took over the Pakistan Peoples Party after his wife and former Prime Minister Benazir Bhutto was assassinated in December.

As Democrats head into their nominating convention in Denver, they've already had their first look at the 2008 ticket. Barack Obama appeared in front of the old state capitol in Springfield, Ill., Saturday with his pick, Sen. Joe Biden of Delaware.

The embattled Pakistani leader left office Monday to avoid impeachment. Former Prime Minister Nawaz Sharif says the ousted leader should face trial for treason.

Democratic presidential contender Barack Obama will be giving his big speech on the anniversary of Martin Luther King Jr.'s famous I Have a Dream speech, meaning the stakes are extremely high. We visit with a local debate team in Denver to see what they are looking for.

History was made Wednesday in Denver as a major political party for the first time nominated a black man to be president of the United States. Barack Obama will accept the nomination Thursday at the pary's convention. Early on, his campaign was propelled by his opposition to the Iraq war, but it succeeded for reasons well beyond the war.

Former presidential candidate and New York Sen. Hillary Clinton gave what some are calling the most passionate speech of her political career last night at the Democratic National Convention (DNC). Host Michel Martin checks in from Denver with guest host Cheryl Corley to discuss Clinton's address and other DNC highlights.

The U.S. military raid in Pakistan last week was part of an intensified campaign to attack al-Qaida and the Taliban inside Pakistan. NPR's Pentagon correspondent Tom Bowman talks with host Scott Simon about how CIA officers are being pulled from around the world for this campaign.

As the back end of the storm approaches the Gulf Coast, reporter Pat Dowell, a resident of Baytown, Texas talks with host Scott Simon about the situation near Galveston. She lives close to the Exxon oil refinery, one of the largest in the U.S.

Lehman Brothers shares are down amid reports the Treasury Department won't come to its rescue. Treasury and Fed officials are reportedly helping Lehman find a white knight, but it's not clear yet whether Lehman will be kept intact or sold in pieces.