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As the White House and Congress debate taxes and entitlement reform, an influential liberal think tank is offering what appears to be an olive branch: a plan to squeeze savings out of Medicare — long a target of GOP cuts — that Democrats can support.

The Center for American Progress, a think-tank closely associated with President Obama, offered up a deal on Wednesday on how to cut the deficit by reducing spending for Medicare without, it says, hurting seniors.

All prices change. So why did the price of a Coke stay the same for decades? The answer includes a 7.5-cent coin and a company president who wanted to get a couple of lawyers out of his office.

Along with the news about the Gen. David Petreus scandal, we've been hearing about lavish social events given in the Tampa, Fla., area. A lot of military brass from MacDill Air Force Base, where U.S. Central Command is headquartered, go to these events. Linda Wertheimer talks to Ben Montgomery, a reporter with the Tampa Bay Times, about how the scandal is playing out around Tampa.

The French Senate approved a measure tripling the tax on palm oil and other vegetable oils. It would sharply raise the cost of making Nutella, a popular chocolate and hazelnut spread. It's meant to cut down on obesity but the tax has prompted an outcry from Nutella lovers.

The bulk will go to the National Fish & Wildlife Foundation, the National Academy of Sciences and at Coast Guard trust fund. The foundation focuses on wildlife conservation and the academy advises the government on science and technology.

The postmaster general said the service is walking a "financial tightrope" and Congress needs to act to put it back on a path to financial health.

In a marriage of social media and warfare, Israel announced its military operation in the Gaza Strip via Twitter. Shortly afterward, Israel released video footage of a deadly air strike. Hamas, meanwhile, has been commenting on its rocket attacks against Israel.

President Obama held his first news conference Wednesday since winning re-election. He addressed the scandal involving former CIA chief David Petraeus, as well as the "fiscal cliff." Host Michel Martin discusses this week's political news with Andrea Seabrook, host of Decode D.C., and Keli Goff, political correspondent for The Root.

Overnight air raids on Gaza pushed the Palestinian death toll to more than 80, with more than 700 wounded. The numbers on the Israeli side are dramatically lower — with three dead. And the Israeli prime minister says Israel is prepared to escalate the fight with ground troops. As the fighting drags into a new week, the United Nations and the Arab League are stepping up efforts to mediate.