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Detroit Mayor Kwame Kilpatrick has agreed to step down later this month and serve 120 days in a county jail as part of a plea deal. Kilpatrick's resignation ends an almost six-month fight to stay in office amid obstruction of justice charges. Thursday night, Kilpatrick made his first public speech to Detroiters after the plea bargain.

Wilmington, N.C., on Monday became the first major city to permanently switch TV broadcasts from analog to digital. Most of the country will make the transition to digital TV on Feb. 17.

The federal government is taking over mortgage companies Fannie Mae and Freddie Mac. New York Times financial editor Gretchen Morgenson breaks down what this means for consumers.

North Korean leader Kim Jong Il has apparently suffered a stroke, according to U.S. intelligence officials. Kim didn't appear Tuesday at a military parade in Pyongyang on the 60th anniversary of North Korea's founding.

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.