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New numbers out Wednesday are expected to show the inflation rate in June was just over 3%. That's a big improvement from this time last year, when inflation topped 9%.

Lt. Gen. David Petraeus is expected to take command in Iraq and oversee President Bush's new policy. A graduate of West Point, Petraeus commanded the fabled 101st Airborne Division during the invasion of Iraq and went on to become the top trainer for Iraqi forces.

Roland Burris, Illinois Gov. Rod Blagojevich's pick to fill President-elect Barack Obama's Senate seat, will be seated in the Senate. The Senate's two top Democrats, Harry Reid and Dick Durbin, dropped their opposition to Burris being seated.

Sen. Hillary Clinton is scheduled to testify Tuesday before the Senate Foreign Relations Committee, which will decide whether to recommend to the full Senate that she be the next secretary of state. Clinton is expected to face tough questions from the committee's right flank, but not any major hurdles to confirmation.

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke testified before the Senate Banking Committee Tuesday about the $700 billion rescue plan for the financial sector. They stressed that it was urgent that lawmakers pass the bill this week. Many committee members were not swayed.

President Obama announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000. Anything above that would have to be paid in stock that won't vest until the firm has paid back its government loans.

With just eight days left in office, President Bush looked back over eight years in office and talked about his joys and disappointments in his final White House news conference. He also had words of encouragement for his successor, Barack Obama.

The global economic crisis tops the agenda as President Barack Obama meets with Britain's prime minister Tuesday. Gordon Brown is the first European leader to visit the new president. Brown will also address Congress during his U.S. visit.

In author David Kaplan's view, the top court has taken an increasing role in policymaking, having issued critical decisions on abortion, voting rights, gun control, health care — and the president.

The Guardian newspaper says the insider who blew the whistle on the NSA's probing of major U.S. Internet and telecom companies is a 29-year-old analyst who's been working for the agency under a government contract. His name is Edward Snowden.