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The Supreme Court effectively ends affirmative action. The ruling on Biden's student debt forgiveness plan is expected today. The contract between actors and studios expires tonight.

With record-low approval ratings, Republican congressional representatives are scrambling to get ahead in the polls. With only three weeks to go before midterm elections, everyone is asking whether the GOP can hold on to either house of Congress.

House Republicans are complicating the annual defense authorization bill while President Biden is touting the state of the economy.

House lawmakers grilled AIG Chief Executive Edward Liddy on Wednesday about the $165 million in bonuses paid out to executives at the firm. AIG is a major bailout beneficiary, and the bonuses have provoked outrage from congressional members as well as the public. Liddy says he has asked some of the employees to return part of the bonus.

A General Motors bankruptcy appears to be just days away. The White House has given GM until Monday to radically restructure or head to court. For Chrysler, its bankruptcy proceedings appear to be moving quickly and smoothly.

The Federal Reserve on Tuesday slashed a key interest rate by three-quarters of a point, making it cheaper for banks to borrow. Banks may eventually pass the savings to consumers in the form of lower interest rates for loans, but the interest that consumers earn on savings can also go down.

Growing demand and poor harvests are causing a severe shortage of rice in Asia and elsewhere. Where rice is available, prices are high. Rice-producing countries, such as India and China, have limited exports to assure adequate supplies at home.

Earbuds that deliver sound directly to the ear canal have become increasingly popular. But hearing specialists are concerned that when earbuds are turned up too loud, they may cause lasting damage to young ears.

A strike by UPS workers would likely mean package delays for consumers across the country and it would shake up an increasingly competitive industry.

Member of the Senate Judiciary Committee will question Attorney General nominee Eric Holder at his confirmation hearing Thursday. Holder has strong support in the Senate, but some Republicans on the panel say they will ask him about aspects of his private legal practice and some of his decisions while serving as deputy and acting attorney general under President Clinton.