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Israeli warplanes have made more airstrikes into Gaza as key world powers pressure Israel and Hamas to call a truce. Hamas, meanwhile, is keeping up its rocket barrages into southern Israel. Israeli officials have turned down a call for a two-day truce in Gaza so medical, food and relief supplies could get in.

Sen. Chris Dodd (D-CT) unveiled a financial regulation bill Tuesday that would take the job of overseeing banks away from the Fed, and give it to a new agency. But fellow Democrats Barney Frank (D-MA) and President Obama have a different approach on the issue. David Wessel, economics editor of The Wall Street Journal, offers his insight.

The Army says at least 12 were killed and 31 people wounded in a pair of shootings at the Fort Hood Army base in Texas. An Army spokesman said three shooters were apparently involved.

President Obama will tour several Western locales this weekend, including the western slope city of Grand Junction, Colo. The city is the site of an innovative program for controlling health care costs that the president wants to highlight.

Police in Cambridge, Mass., have released the tapes of a 911 call and radio dispatches that led officers to the home of Henry Louis Gates Jr., where the Harvard scholar was arrested for disorderly conduct two weeks ago.

Attorney General Michael Mukasey says he wants Congress, not judges, to make policy on how Guantanamo detainees may challenge their detention. The U.S. Supreme Court has ruled against the Bush administration three times in cases related to processing Guantanamo detainees.

The House votes again Friday on the bailout. It failed to pass the measure on Monday, but the Senate's passage of the bill may persuade some lawmakers to switch their votes. The $810 billion question: Will it pass?

Demand for summer air travel is strong despite high fares. Travelers, however, should brace for the worst — after widespread flight delays and cancellations last summer.

President Barack Obama unveiled Friday a strategic review of U.S. operations in Afghanistan and Pakistan. The review focuses on building civil society, talking to some militants, troop increases and continued drone attacks in Pakistan.

More schools closed in the U.S. Monday in an effort to reduce the spread of swine flu. Included are 24 schools in a district west of Detroit where a high school student may be infected with the new H1N1 flu strain. The Centers for Disease Control and Prevention says it is considering making guidelines on school closures more flexible.