Annmarie Fertoli

President Barack Obama is urging Congress to act on a bill he says will benefit small businesses by creating additional tax cuts and making credit more readily available. That, he said, would make it easier for small businesses to invest, expand, and increase hiring.

Federal Reserve Chairman Ben Bernanke says the nation's economic recovery has come a long way since the 2008 financial collapse. But, speaking in Jackson Hole, Wyo. on Friday, he also acknowledged that there's "still some way to travel."

Renewed flooding swelled the Indus River in Pakistan on Friday, forcing thousands more people from their homes, according to The Associated Press.

Iraqi authorities say at least 54 people have been killed in the country, following a series of attacks this morning. The Associated Press reports that insurgent militants targeted Iraqi security forces throughout the country, launching suicide and car bomb attacks.

Authorities say at least 32 people were killed when militants attacked a hotel in Somalia's capital city of Mogadishu today. Armed gunmen attacked the hotel, and at least one of the militants blew himself up, according to The Associated Press. Authorities believe al-Shabab, a terrorist group linked to al-Qaida, is responsible.

Bad weather continues to hamper relief efforts.

BP is looking toward its final fix to seal the damaged well in the Gulf of Mexico.

Defense Secretary Robert Gates unveiled a series of cost-saving measures meant to trim the Pentagon budget by $100 billion over the next five years.

An appeal of a federal judge's decision to overturn California's same-sex marriage ban was filed on Thursday.

The U.S. Senate has approved a $26 billion jobs bill, clearing the way for a House vote on the measure. House Speaker Nancy Pelosi has already said lawmakers will return from their August recess to vote on the measure next week, according to The Associated Press.

BP planned to start pumping cement into its blown-out oil well in the Gulf of Mexico on Thursday.

Mitch Miller, perhaps best known for his 1960's series Sing Along With Mitch, died Saturday at the age of 99.

BP is expected to finally attempt its so-called static kill to permanently seal the well at the bottom of the Gulf of Mexico this week.

The president says the U.S. is sticking to its timeline in Iraq

Hundreds of people have been killed following days of heavy flooding in Pakistan.

Bob Dudley won't officially become the CEO of BP until October. But he's already spearheading the company's efforts in the Gulf of Mexico, after being appointed in June to replace Tony Hayward in that role.

National Incident Commander Thad Allen is in Louisiana this week to discuss the gulf oil spill with local officials.

Arizona is appealing a decision blocking parts of the law. 

BP officials say they will reinvent its company that reported a record $17 billion quarterly loss.

Cleanup crews began evacuating the Gulf of Mexico on Friday, as Tropical Storm Bonnie made its way toward the area.