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Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly benefit high-net-worth and high-income people.

Chairman Ben Bernanke told Congress on Tuesday that stabilizing the financial markets is a top priority for the Federal Reserve as a weak housing market, tight credit and rising oil prices threaten the U.S. economy.

Senate Majority Leader Chuck Schumer is trying to lead an effort to craft groundbreaking legislation to install safeguards around artificial intelligence. But lawmakers have a lot to learn.

Also: IRS's actions add to conservatives' case against Obama; Pakistanis go to polls after campaign marred by violence; astronauts prepared for spacewalk to station's leaks; survivor of Bangladesh building collapse said to be "doing great."

Also: Man arrested with firebombs in Seattle had maps of area colleges; at George Zimmerman's trial, mothers disagree about whose voice is on key recording; NBA's Dwight Howard opts to sign with the Houson Rockets.

Also: Statue of Liberty reopens; Bolivia's president blasts "North American empire;" South Korea proposes talks with the North; Mandela's grandson ends battle over kin's graves; Boston Celtics hire Butler's Brad Stevens to be coach.

The House of Representatives will be under new management in 2007, but leadership posts within each party are undecided. Maryland's Steny Hoyer wants to be Majority Leader, but Nancy Pelosi backing Rep. John Murtha. Republican Speaker, Dennis Hastert, says he won't run for a leadership post, creating room at the top for the new minority party.

President Bush and the U.S. Senate turn their attention to immigration as the president helps to swear in new citizens while a Senate committee writes a bill to control the flow of undocumented workers. The full Senate is expected to debate the issue for the next two weeks.

Residents in South Gate, Calif., vote to oust the mayor, treasurer and two council members, amid allegations that they conducted city business through backroom deals and gave city contracts to friends. Adolfo Guzman-Lopez of member station KPCC reports.