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Senate Democrats yield to Obama, retreat on Burris (AP)
[8 mins][Lubbock, TX]
Illinois U.S. Senate Appointee Roland Burris, left, meets with Senate Majority Leader Harry Reid of Nev., Wednesday, Jan. 7, 2009, on Capitol Hill in Washington. (AP Photo/Susan Walsh)AP - Senate Democrats beat a hasty retreat Wednesday from their rejection of Roland Burris as President-elect Barack Obama's successor, yielding to pressure from Obama himself and from senators irked that the standoff was draining attention and putting them in a bad light. Burris said with a smile he expected to join them "very shortly."
Madoff debate: Should he be free on bail?
[1 hr]
Jan. 7: Prosecutors said Wednesday that admitted Ponzi scheme mastermind Bernie Madoff should be put in jail for violating bail by sending several expensive gifts to family members. CNBC's Scott Cohn reports.  (Nightly News)A debate has been raging over the fact that Bernard Madoff remains free, spending his days in his luxury penthouse despite being accused of the largest financial fraud in history.

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