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The venerable New York investment firm Goldman Sachs has a long track record for producing political bigwigs. Treasury Secretary-nominee Henry M. Paulson Jr. has served as both chairman and CEO since 1999. The company boasts a return on equity of upwards of 40 percent.

Accepting the Republican nomination for a second term, President Bush outlines proposals addressing education, health care and other domestic issues, while attacking Sen. John Kerry. But the post-Sept. 11 world and war on terrorism dominate Bush's speech. Hear NPR's Mara Liasson.

Sonia Gandhi, heir to India's Nehru-Gandhi dynasty, gives up her chance to become prime minister, reportedly to protect her Congress Party's new government from attacks over her Italian birth. Manmohan Singh, architect of the country's financial reforms, is now seen as the favorite to become prime minister. NPR's Philip Reeves reports.

Abu Anas al-Libi is accused of orchestrating the 1998 bombings of the U.S. embassies in Kenya and Tanzania. He was captured during a commando raid in Libya.

Michael Steinberg, the highest-ranking employee at the hedge fund to be convicted in an insider trading sweep, was found guilty on five counts of conspiracy and securities fraud.

The Federal Trade Commission signed off on Tesla's plan to buy the solar panel installer. CEO Elon Musk is SolarCity's chairman and its largest shareholder.

In a blow to rival Ted Cruz with less than a week until Iowa, Liberty University President Jerry Falwell Jr. officially endorses the twice-divorced casino mogul.

Gen. Stanley McChrystal, the top U.S. commander in Afghanistan, submitted a report Monday assessing progress in the war there, saying the situation remains "serious," but that "success is achievable." The report did not address the issue of whether more U.S. troops were needed in Afghanistan.

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Just a few weeks ago, pollster Bill McInturff characterized the high negative ratings for Congress and the president as "ripples that will take a long time to resolve." Now, with new polling that suggests even deeper voter frustration, he says the political climate is even worse than before.