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Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

Hockey's Stanley Cup Finals get under way Saturday night. The Detroit Red Wings are hosting the Pittsburgh Penguins in what experts are calling a match-up made in "hockey heaven." Damien Cox, a columnist for the Toronto Star talks with Guy Raz about the series.

The Senate passed the Wall Street rescue plan Wednesday by a significant margin. Presidential hopefuls Barack Obama and John McCain were among the 74 senators who approved the bailout. The legislation moves to the House, where party leaders are more confident it will pass this time due to tax breaks added to the $700 billion plan.

The U.S. House has rejected the $700 billion Wall Street bailout plan, ignoring calls for quick passage from the Bush administration and a bipartisan line of congressional leaders. Stocks started to plunge before the final gavel.

In New Orleans, there is a sense of relief that Hurricane Gustav didn't roar ashore as hard as it could have. The city avoided a direct hit, and its improved levee system has held.

President-elect Barack Obama is expected to nominate Hilda Solis as labor secretary. The Democratic congresswoman was just elected to her fifth term representing heavily Hispanic portions of eastern Los Angeles County and east L.A. She is the daughter of Mexican and Nicaraguan immigrants.

The conflict in Gaza presents a challenge for the incoming Obama administration, which already was facing a packed Middle East agenda. Leslie Gelb tells Steve Inskeep that the question now is whether the situation in Gaza will make it harder for President-elect Barack Obama to keep his campaign promises of active peacemaking between the Israelis and Palestinians. Gelb is a former state and defense department official and president emeritus of the Council on Foreign Relations.

Secretary of State-designate Hillary Clinton appeared before the Senate Foreign Relations Committee Tuesday for her confirmation hearing. The New York senator, and former first lady, got a generally warm reception from her colleagues. Some were a bit cooler, though, about foreign donations to her famous husband's foundation.

Caroline Kennedy has ended her bid to win appointment to the U.S. Senate seat vacated by Hillary Clinton and once held by her late uncle, Bobby Kennedy. In a statement released early Thursday, Kennedy says she told New York Gov. David Patterson she is withdrawing for personal reasons. She was considered a favorite for the New York Senate seat, though she has never held elective office.

Caroline Kennedy has asked Gov. David Paterson to withdraw her name from consideration for the New York Senate seat vacated by Hillary Clinton. A source familiar with the matter says she is no longer pursuing the seat for personal reasons. Robert Siegel speaks with New York Post reporter Fred Dicker about the story.

A large credit union in Seattle has started an ad campaign that stresses its nonprofit bona fides. Sprint advertises calling plans that are right "for these times." Does austerity sell? Or is that a ridiculous contradiction?

Attorney General-designate Eric Holder says "waterboarding is torture." He spoke about it at his confirmation hearing Thursday. The Senate Judiciary Committee is expected to hear from other witnesses Friday.

Israel and Hamas have ignored a U.N. Security Council call for an immediate cease-fire. Israel continued attacks in Gaza and Hamas kept up with its rocketing of Israel. Meanwhile, U.N. officials said they plan to resume aid to Gaza as soon as practical.

The playful second book in the author's Harlem Trilogy shows Ray Carney scheming how to get his teenage daughter into the concert of her dreams. Alarming capers ensue.

With the bursting of the economic bubble in Iceland at the end of 2008, many people have been thrown out of work. Lines now form every week at a soup kitchen that hands out free food, and there is a growing acknowledgment that Icelanders need to get back to their core industries such as fishing and agriculture.

The joke used to be that some women went to college to get their M.R.S. — that is, a husband. But a study by the Pew Research Center finds that women today are more likely to marry men who have lower education levels and lower income levels than they do.

In the wake of the financial scandal that destroyed Enron, Congress created an independent board to watch over the accounting of all publicly traded firms. In order that the Public Company Accounting Oversight Board have total independence from political influence, Congress deemed that its members be appointed by the Securities and Exchange Commission. The court heard arguments Monday that challenge whether Congress went too far and overstepped the Separation of Powers clause of the Constitution.

U.S. skier Lindsey Vonn won an Olympic gold in Vancouver on Wednesday despite a painful shin injury. But Thursday, she wiped out in the super combined. Vonn, who had the day off Friday, criticized the course on Whistler Mountain.

The U.S. Supreme Court took on a long-running legal fight Wednesday over an 8-foot cross in the Mojave Desert. The court heard arguments on whether the cross, which was erected on federal parkland as a war memorial, violates the rights of those who are offended by its religious symbolism.

New car purchases are at the lowest levels in 10 years. Nearly all major carmakers reported steep sales declines for June. Derek Mattsson, head of Vehix.com, says consumers are still favoring cars like the Honda Civic at the expense of U.S. vehicles.

Drummer Martin Atkins spent the 1980s and 90s touring the world with bands that have both packed stadiums and struggled to fill the tiniest of clubs. His new book and DVD, Tour: Smart, is a guide to modern-day touring for the rock musician.

Up to 20 percent of soldiers who have fought in Iraq say they sustained a brain injury. Most with a severe brain injury never return to active duty. Army Spc. Freddy Meyers was shot in the head last May and initially could neither talk nor walk. Now he wants to go back to duty.

News of Ted Stevens' indictment for allegedly failing to disclose services he received from a private company drew mixed reactions from his Senate colleagues. The Alaska senator, who faces seven felony counts, has allies on both sides of the aisle and has declared his innocence.

Gen. David Petraeus, who once led U.S. troops in Iraq, becomes head of the U.S. Central Command Friday. That position includes responsibility for the war in Afghanistan. Petraeus already has endorsed reaching out to less-extreme Taliban elements. He also is expected to send more troops and air power to support the war in Afghanistan.

Rock critic Ken Tucker reviews Tell-Tale Signs: The Bootleg Series, Vol 8. It is the latest in Columbia Records' officially-released collection of previously unreleased or alternate tracks by Bob Dylan.