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Robert Siegel talks with Charles Snee, senior editor at Linn's Stamp News, about the recently rediscovered "Ice House" envelope, believed to be lost for 38 years and recently rediscovered in Chicago. It has the only known cover of an 1869 Abraham Lincoln 90-cent stamp.

The hedge fund industry is one of the fastest growing corners of the investment world. Now Wall Street insider — and hedge fund manager — Barton Biggs has exposed the industry's cast of characters to scrutiny in the book HedgeHogging.

The Biden administration is working to address the shortage of baby formula in the U.S. as it faces pressure in Congress to do more.

Many members of Congress had a personal stake in the past week's debate over federal funding for stem-cell research: someone near or dear is affected by a disease which such research might help cure.

The Base Closure and Realignment Commission this week will hold its first public hearing (in Rapid City, S.D.) since releasing its base closure list. Communities and congressional members that are facing changes are preparing to make their cases.

After Justice Sandra Day O'Connor announced her plans to retire, many legal experts began predicting who President Bush might choose to fill the vacancy on the Supreme Court. Legal affairs correspondent Nina Totenberg reports on the names some expected to see on President Bush's list.

Stung by criticism that they reacted too slowly to Katrina, federal officials say they're working hard to avoid making the same mistakes twice. Already, President Bush has declared Hurricane Rita an "incident of national significance" -- which helps rally federal resources.

New York City's transit union called a strike Tuesday after failing to reach a deal with the Metropolitan Transportation Authority. The strike left more than 7 million people in and around the city looking for alternative ways to get around. Beth Fertig of member station WNYC reports.

Turkey hosts the longest stretch of a new transnational pipeline that will carry oil from the Caspian Sea to the Mediterranean. Construction is nearly a year behind schedule and financial disagreements over the project may cause further delays.

Republican lobbyist Jack Abramoff pleaded guilty Tuesday to federal conspiracy, fraud and tax evasion charges. Wednesday, Abramoff will appear in a Miami court and is to enter a guilty plea there on separate charges of fraud and conspiracy.