More troubling economic news broke as insurance company AIG gave 80% of its company to the federal government in exchange for an 85 billion dollar two year loan, and rumors of a Morgan Stanley-Wachovia merger swirl.

Dan Gheesling was announced the winner of Big Brother 10 in the show’s finale on Tuesday night.

Republican vice-presidential nominee Sarah Palin and Katie Couric will sit down for an interview set to air September 29 and 30 on CBS’s news programs.

One more celebrity arrest for the annals: Ryan O’Neal and his son Redmond were both arrested for drug possession today in Malibu, California.

Read more of the day’s hot stories at Mahalo.com!

After the nation focused its attention on Monday to the economy, political news and scandals returned to prominence on Tuesday. Vice presidential candidate Sarah Palin is involved in Troopergate, while her running mate John McCain’s Blackberry invention received added scrutiny. Barack Obama was not immune from criticism himself. Several newspapers highlight Obama’s Beverly Hills dinner, a ticket to which costs $28,500.

One of televisions biggest shows has its finale tonight. The winner of Big Brother 10 will be announced. Mahalo also is your one-stop source for Big Brother 10 Spoilers, if you just can’t wait until the show airs in your time zone.

Megan Fox’s GQ photos bare significant skin from the popular actress. In the GQ interview, Fox defends teenage actresses and discusses the sex appeal of Olivia Wilde.

In sports news, the Dallas Cowboys defeated the Philadelphia Eagles in a wild Monday Night Football game. Though the Eagles did score a touchdown on the drive, rookie DeSean Jackson made a critical mistake when he spiked the ball prior to entering the endzone.