Lawmakers are expected to introduce legislation today to clamp down on the mostly unregulated hedge fund industry. But those hoping for a shorter leash shouldn't hold their breath, Janet Babin reports.

The Senate Finance Committee holds hearings today on whether pimps should be forced to pay taxes for their ill-gotten gains, as Congress takes a page from the Elliott Ness playbook to deal with prostitution. Scott Tong reports.

The Department of Health and Human Services announces new welfare to work rules today. The move may force thousands of people off of welfare rolls. Hillary Wicai reports.

The Bush Administration yesterday released new rules clarifying the types of work recipients of federal welfare assistance can do. Stacey Vanek-Smith reports.

Flooding shut down parts of Washington, D.C., today as a hearing on Capitol Hill considered changes to federal flood insurance. In the wake of Hurricane Katrina, there's growing consensus the program must be reformed so taxpayers don't get soaked. Scott Tong reports.

As heavy rains continue to pound the Mid-Atlantic, the House of Representatives is expected to vote on a bill today making government flood insurance more expensive. Scott Tong reports.

The Supreme Court today agreed to hear a case about whether the Bush Administration must regulate carbon dioxide emissions. It could force the issue of global warming. Hillary Wicai reports.

A new investigative report by Marketplace and American RadioWorks finds at least three US senators violated ethics rules by accepting expenses to attend annual Alaska charity fishing trips with energy lobbyists and other executives. Steve Henn reports.