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Treasury Secretary-designate Timothy Geithner has said he failed to pay $34,000 in taxes from 2001 to 2004. According to materials released by the Senate Finance Committee, a housekeeper whom Geithner paid in 2004 and 2005 did not have current employment documentation as an immigrant for the final three months she worked for him.

Former Fed Chairman Alan Greenspan told House lawmakers the financial damage done to date means an unavoidable rise in unemployment in the U.S. Greenspan said the U.S. had been hit by a "once-in-a-lifetime credit tsunami" and that it will take many months for the situation to improve.

President Barack Obama's plan to expand health coverage to tens of millions of Americans was dealt a serious blow Tuesday when former Senator Tom Daschle withdrew his nomination as health and human services secretary. Analysts are speculating who else might step in to craft what is sure to be a complex undertaking.

President Barack Obama's budget proposal is placing conservative Democrats in a tight spot. Republicans are asking them to be fiscally cautious. Liberals are targeting them with a barrage of ads, urging them to support the president's budget.

The West Virginia primary in the rear view mirror, Kentucky and Oregon primaries are a week away. John Dickerson joins Madeleine Brand to talk about whether the upcoming primaries matter and what Clinton is trying to achieve.

A Justice Department inquiry into the conduct of lawyers involved in writing the "torture" memos is nearly complete. A draft of the report, according to more than one source, will conclude that the attorneys will be referred for possible disciplinary action to bar associations.

In their 2004 book, Gary Stern and Ron Feldman, top executives at the Federal Reserve Bank of Minneapolis, cautioned the world about systemic financial risk and the need for more oversight. They admit to a fleeting sense of "I told you so."

President Obama meets at the White House Thursday with supporters and opponents of changes to the nation's immigration system. Aides say the president hopes to start a formal debate on immigration later this year.

Carol Leonnig of the Washington Post discusses how the Department of Housing and Urban Development has handled the crises brought on by Hurricanes Katrina and Rita through the subprime mortgage meltdown.

Visiting Congress to provide an update on the struggling U.S. economy, Federal Reserve Chairman Ben Bernanke said he expects very slow growth in 2008, but no recession. Bernanke is trying to avoid a recession while keeping a lid on inflation. But so far, he's not getting much help. Inflation is up sharply, and housing prices keep falling.