President Obama and Democratic lawmakers reached agreement on Tuesday on a proposal to offer vouchers of up to $4,500 for people who trade in their cars. The goal of the so-called "cash for clunkers" legislation is to sell one million shiny, brand new, American-made clunkers.

Amazon.com is widely expected to unveil a new Kindle electronic book device with a larger screen Wednesday. The new Kindle will cost at least $359 and, unlike a printed book, will be worth nothing if you drop it from a height of more than three feet.

The directors of the Miss California USA pageant are looking into whether title holder Carrie Prejean violated her contract by working with a national group opposed to gay marriage and by posing semi-nude when she was a teenage model. This news has been very upsetting to the 12 people in America who still care about beauty pageants.