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Israel conditionally welcomes cease-fire proposal
(AP)
 AP - Israel said Wednesday that it "welcomes" an Egyptian-French ceasefire proposal for Gaza as long as such a deal guarantees a halt to militant rockets and weapons smuggling, in a possible sign that a bloody 12-day offensive could be winding down.
2009 budget deficit is estimated at $1.2 trillion
(AP)
 AP - Congressional estimators are projecting an unparalleled budget deficit of $1.2 trillion for the 2009 budget year.
Transcript: Mumbai gunmen were commanded by phone
(AP)
 AP - "We have three foreigners, including women," the gunman said into the phone.
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