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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.

Jim von Rinteln, emergency management coordinator for Collier County, Fla., talks to Melissa Block about damage in the county, which experienced Hurricane Wilma as a strong Category 3 storm.

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.

States have been asked to increase accessibility of baby formula for recipients of the low-income program. And the Food and Drug Administration is looking at ways to make it easier to import formula.

Ukraine is prosecuting a member of the Russian military, alleging he killed an unarmed Ukrainian civilian. The prosecutor general says Ukraine is preparing 41 more cases.

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.

In the U.S. Senate, lawmakers are considering changes to a massive energy bill. Over the past four years, this bill has already fallen short of passage several times. Some legislators welcome the debate after the heated partisan fights over judicial nominees.

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.