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American journalist Roxana Saberi was released Monday from an Iranian prison, where she had been held since January. Sen. Byron Dorgan of North Dakota, where Saberi grew up, says the Iranian government has rectified a "terrible miscarriage of justice," and officials said she is now free to leave the country.

The Obama administration announced Tuesday that the Medicare program is running out of money faster than projected. Health and Human Services Secretary Kathleen Sebelius said that news should make lawmakers redouble their efforts on a full health system overhaul. On Capitol Hill, senators are struggling to come up with ways to pay for that overhaul.

The Labor Department reported Friday that the pace of layoffs slowed in April. Employers cut 539,000 jobs — the fewest in six months. However, the unemployment rate climbed to 8.9 percent.

In a major setback for President Obama, Senate Democrats have removed funding to close the Guantanamo Bay detention center in Cuba from the emergency war spending bill. They said no money will be considered until the president sends Congress a detailed plan on where the prison's 240 detainees would go.

Dave Bing was sworn in as mayor of Detroit earlier this month. The NBA star-turned-businessman-turned-politician will have to draw from all of his years of experience to help this city, which is failing financially and is adrift politically.

President Obama's first nominee to the U.S. Supreme Court is Sonia Sotomayor. She's a federal appeals court judge. And if confirmed, she'll be the third woman to serve on the high court and the first Hispanic. Lawmakers in the Senate will have to vote on her confirmation. Some have said her nomination is bullet proof.

As President Obama introduced his Supreme Court nominee, Sonia Sotomayor, Tuesday at the White House, he said, "Walking in the door, she would bring more experience on the bench ... than anyone currently serving on the United States Supreme Court had when they were appointed."

Judge Sonia Sotomayor's road to a U.S. Supreme Court nomination began in a Bronx, N.Y., housing project. President Obama nominated her for the seat of retiring Justice David Souter on Tuesday. Obama said her early life in the housing project was part of the "wisdom accumulated from an inspiring life's journey."

The federal government has ordered some of the nation's largest banks to raise a total of $75 billion. The Treasury Department revealed the results of its so called "stress tests" to assess the health of the financial system. Bank of America, Wells Fargo, Citigroup and others will be required to raise more capital.

How can the banks that need to raise more capital do it? David Wessel of The Wall Street Journal talks with Renee Montagne about what the financial institutions can do to raise the money.