AP - President-elect Barack Obama hailed a rare Oval Office gathering of all U.S. presidents as an extraordinary event on Wednesday as the current occupant, President George W. Bush, reminded his predecessors and successor that the office "transcends the individual."

AP - President-elect Barack Obama said Wednesday that reforming massive government entitlement programs — such as Social Security and Medicare — would be "a central part" of his effort to control federal spending. Obama made the pledge but provided few details as he named Nancy Killefer as his administration's chief performance officer, creating a new White House position aimed at eliminating government waste and improving efficiency.

AP - Roland Burris said Wednesday he should be able to join the Senate "very shortly," after talking to newly supportive Democratic leaders and working on lingering legal obstacles. Talking to reporters on the second day of a Washington power odyssey that would intimidate many, the 71-year-old Burris declared himself happy and said he was pleased with his meeting with Sens. Harry Reid and Dick Durbin.

AP - The federal budget deficit will nearly triple to an unprecedented $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures.

AP - Israeli airstrikes and Hamas rockets resumed after a brief pause Wednesday to allow food and fuel to reach Palestinian civilians in Gaza, where an Israeli warplane dropped leaflets urging some residents to flee because of imminent attacks.

AP - Mississippi now has the nation's highest teen birth rate, displacing Texas and New Mexico for that lamentable title, a new federal report says. Mississippi's rate was more than 60 percent higher than the national average in 2006, according to new state statistics released Wednesday by the U.S. Centers for Disease Control and Prevention. The teen birth rate for that year in Texas and New Mexico was more than 50 percent higher.

AP - Jay-Z isn't performing at President-elect Barack Obama's inauguration, but he is planning to make a big splash on the eve of the event.

AP - Jason Giambi is returning to his professional baseball roots with the Oakland Athletics. Giambi and the A's finalized a $5.25 million, one-year contract with an option Wednesday, bringing the free-agent designated hitter and first baseman back to the place he began his big league career. The sides had reached a preliminary agreement earlier this week but Giambi still needed to complete the obligatory physical for the deal to get done.

Reuters - The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters said on Wednesday, presenting President-elect Barack Obama with a daunting economic challenge.

Reuters - Hundreds of embattled Palestinians ventured outside to shop for food on Wednesday during a three-hour Gaza truce, a first step toward an Egyptian-proposed ceasefire under discussion by Israel and Hamas.

Reuters - United Auto Workers bargaining teams are arriving this week in Detroit as the union gears up for negotiations with General Motors Corp and Chrysler LLC, which are mandated to cut labor costs under a $17.4 billion federal bailout.

Reuters - In an abrupt switch, Senate Democratic leaders began talks on Wednesday about swearing in former Illinois attorney general Roland Burris, nominated by embattled Gov. Rod Blagojevich to replace President-elect Barack Obama in the Senate.

Reuters - An outbreak of salmonella food poisoning has made 388 people sick across 42 states, sending 18 percent of them to the hospital, U.S. health officials said on Wednesday.

Reuters - Job losses and plans to lay off workers hammered the struggling U.S. economy in the final month of 2008, according to private reports that could foreshadow surprisingly grim labor market data from the government on Friday.

Reuters - Defense Secretary Robert Gates has told Congress that a planned buildup of U.S. forces in Afghanistan could add $5.5 billion to U.S. war costs in the current federal fiscal year, officials said on Wednesday.

Reuters - One of the packages accused swindler Bernard Madoff sent in violation of a court order contained about 13 watches, a diamond necklace and other valuables worth more than $1 million, prosecutors said in court papers released on Wednesday.

AFP - Israel on Wednesday approved an even tougher war on Hamas, warning residents to flee southern Gaza ahead of planned bombardments of cross-border tunnels, as the Palestinian death toll passed 700.

AFP - Russian President Dmitry Medvedev on Wednesday laid down terms for a resumption of Russian gas shipments via Ukraine to Europe as tens of thousands of Europeans suffered heating cuts amid freezing weather.