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President Bush warns Congress not to contest his authority to prosecute the war in Iraq as he sees fit. Speaking at an hourlong news conference at the White House, the president also touted the latest agreement with North Korea, meant to limit its nuclear weapons program.

Apple plans to hold a press conference Friday to discuss the latest iPhone amid complaints that if users hold the phone over a certain spot, signal strength is drastically reduced. Consumer Reports magazine has refused to endorse the phone until the problem gets fixed.

President Obama may not have cleaned up the oil spill yet -- but on Wednesday he succeeded in extracting a big financial commitment from BP. After a four hour meeting with BP executives at the White House, the oil giant agreed to put $20 billion in an escrow fund to pay the claims of Gulf residents hurt by the spill.

In their 2004 book, Gary Stern and Ron Feldman, top executives at the Federal Reserve Bank of Minneapolis, cautioned the world about systemic financial risk and the need for more oversight. They admit to a fleeting sense of "I told you so."

Pakistanis vote in a parliamentary election Monday, ending a campaign that has been overshadowed by violence — including the assassination of opposition leader Benazir Bhutto. The vote could empower a new civilian government. But many say they believe the country's army will not go away quietly.

The Colombian military on Wednesday freed 15 people held by the FARC rebel group. The hostages include Ingrid Betancourt, who was running for president when the FARC kidnapped her six years ago, and three American military contractors. Carolina Barco Isakson, Colombia's ambassador to the U.S., talks about the rescue operation.

Funeral directors in 15 states can now offer "water cremation," in which bodies are dissolved in a chemical solution. Some see it as more eco-friendly and less traumatic than consumption by flame.

The U.N. protested Israeli fire on its warehouse in Gaza. Israel said Hamas militants were launching rockets from the U.N. compound. Israel also killed a top Hamas leader in its operations in the Gaza Strip. And there was speculation that Israel and Hamas are close to an agreement on a cease-fire.

Gunmen in Mumbai are thought to still be holding a number of foreign hostages. Indian commandos have been trading fire with the attackers. On Wednesday, gunmen armed with assault rifles and grenades fanned out across Mumbai and attacked popular tourist sites, including the city's top two luxury hotels.

Evoking debates from the days when child actors had little protections, the digital age is revealing a need for similar types of oversight.