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Russia's gas monopoly Gazprom has begun shutting off natural gas supplies to Ukraine after a deadline passed for talks over a price dispute. There are fears that the cutoff could affect gas deliveries to parts of Europe at the height of the winter season. In 2006, Moscow cut off supplies to Ukraine and caused a brief disruption in gas supplies to Europe. NPR's Gregory Feifer talks with Steve Inskeep about Gazprom's decision.

President Barack Obama and Treasury Secretary Tim Geithner have announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000.

Michael Steele, the new head of the Republican Party, found himself in hot water again with his fellow Republicans when he told a GQ reporter that women have a right to choose an abortion. The comments could have political implications.

With excessive heat advisories in effect across the U.S., here's how to avoid heat-related illnesses.

Treasury Secretary Timothy Geithner went to Capitol Hill on Thursday with expansive plans to reduce "systemic risk" in the financial system. He called for new rules and better referees. And he was met with skepticism, particularly from Republicans.

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.

In Washington, it was a crucial day of meetings between the leaders of the United States, Pakistan and Afghanistan. Afghan President Hamid Karzai and Pakistani President Asif Ali Zardari huddled first with Secretary of State Clinton and later with President Obama and made a number of key commitments.

President Obama is expected to nominate federal appeals Judge Sonia Sotomayor to the Supreme Court. She would be the first Hispanic justice. If confirmed by the Senate, Sotomayor would succeed retiring Justice David Souter.

The Bush administration has imposed new rules for the State Children's Health Insurance Program that state officials say may result in loss of coverage for thousands of kids. Congress has been working to renew the program, which is set to expire at the end of next month.

President Bush has called once again for the House to adopt a Senate bill on foreign intelligence — and by noon, Democratic Majority Leader Steny Hoyer was saying the House would take up a bill next week. Whether the bill includes the retroactive legal immunity for phone companies that the president demands was not immediately clear.