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Former Treasury Secretary Larry Summers informed President Obama of his decision in a phone call Sunday. He had been considered a front-runner to replace Ben Bernanke, but faced opposition from Democrats in Congress.

Two months ahead of the usual fire season, there are dozens of fires in the wilds surrounding Sydney. Some have been due to lightning strikes and other acts of nature. Others are the work of arsonists.

Every answer is a familiar two-word phrase or name with the consecutive letters T-E-S-T. Specifically, the first word will end with -TE and the second word will start ST-. For example, given "sheer force," you would say "brute strength."

The president's blueprint is not expected to have a much of an impact on Capitol Hill, where lawmakers already have a two-year deal on spending.

Private equity firm Cerberus Capital Management is offering $9.4 billion for Safeway, the nation's second-largest grocery, and plans to combine it with Albertson's, acquired a year ago.

Mathew Martoma, a former portfolio manager at the hedge fund, was found guilty of helping his employer reap hundreds of millions dollars in illegal profits.

German Natalie Geisenberger's winning margin of 1.139 seconds was the largest at the Olympics since 1964, the sport's first year at the games. The American Hamlin says of her medal, "It's surreal, really."

For this week's Sandwich Monday, we try a delicacy from Potbelly Sandwich Shop's "secret menu." It's called the "Wrecking Ball," and it does not disappoint.

An inspiration to many younger comedians and directors, he leaves behind work on other hit films, including Caddyshack, Stripes and National Lampoon's Animal House.

The union that represents makeup artists in the world's largest film industry bars women from doing the job. The court called it a "constitutionally impermissible discrimination."