The latest in the arrest of the alleged Times Sq. bomber; morning headlines.

Federal authorities arrested an American citizen of Pakistani origin, who is alleged to be behind the failed bomb attempt at Times Sq. on Saturday. Faisal Shahzad is a 30-year-old man living in Bridgeport, Conn. He was arrested early Tuesday morning as he tried to board a plane at New York's Kennedy airport.

• WASHINGTON TAKEOUT: White House Press Secretary Robert Gibbs called Saturday's attempted car bombing in New York City's Times Square an act of terror. Washington Correspondent Todd Zwillich tells us why and how the politics of terrorism are playing a role in the White House's response.
• SPORTS TAKEOUT: Takeaway sports contributor, Ibrahim Abdul-Matin, recaps last night's action in the NBA playoffs, previews tonight's games, which includes Game 2 between the Utah Jazz and the Los Angeles Lakers.

Economists say the Deepwater Horizon oil spill could cost tens of billions of dollars both in cleanup and lost business revenue. Industries in the affected area are already taking hits, as fishing operations shut down and tourism slows. David Kotok, chief investment officer for money management firm Cumberland Advisors, says in the best-case scenario the cleanup will take years and the economic impact will be mostly felt in a handful of states on the Gulf of Mexico.

A story 11,000 years in the making. The fossil remains of a mammoth were discovered in the golf course of Morrison Lake Country Club. Dixie Riley owns the country club in Saranac, Mich., and tells us the story.

This morning, the FBI searched Faisal Shahzad's former home in Shelton, Conn. just outside of Bridgeport. Neighbors say that Shahzad and his family left the house last year, telling reporters that they thought Shahzad had worked on Wall Street.

For this week's work segment, we're asking, How do we know if we're getting paid what we're worth? Is it ever okay to ask our peers about their salaries for comparison's sake? And what can we do if our salary seems to fall below our worth?

Beth Kobliner, Takeaway work contributor and author of “Get a Financial Life,” guides us through the murky waters of determining our worth — and offers advice on what to do if we believe our value exceeds our paycheck.

WNYC reporter, Bob Hennelly, joins us with an update from the Times Sq. case; this morning's headlines.

Federal authorities arrested a suspect allegedly responsible for a car bomb that was left to detonate in New York's Times Square on Saturday. The 30-year-old man, Faisal Shahzad was apprehended while trying to board an airplane to Dubai. NYPD Deputy Commissioner for Public Information Paul Browne explains the arrest.

• FLOOD TAKEOUT: 24 people have so far been confirmed dead in the floods that hit the Southeastern United States. More than half of those killed are in Tennessee. We get a live update from WPLN Reporter, Blake Farmer, in Nashville, Tenn.
• LISTENERS RESPOND: Following an attempted car bombing in New York City’s Times Square on Saturday, Takeaway listeners write and call in to share their experiences of the importance of being vigilant.

Below: Video from the floods

Global energy giant BP has taken full responsibility for cleaning up the Deepwater Horizon oil leak in the Gulf of Mexico. Though it neither owned nor directly operated the rig, BP had given the contract for the job to Transocean, the world’s largest offshore drilling company. This is not the company's only recent accident in energy production, however: Prior to this accident, BP made headlines in 2005 when a massive explosion at one of their refineries in Texas killed 15 workers. In 2006, a large hole was found in a BP pipeline in Prudhoe Bay, Alaska. But are these isolated incidents or does the company have a track record of negligence?

On May 4, 1970, a small group of national guardsmen opened fire on anti-war protesters who had gathered at Ohio's Kent State University. Forty years later, the gunshots, which lead to a national climate of anxiety and civil unrest may seem like a page in a history book, or a distant memory, to those who grew up after the event. We listen back to the tension and tragedy that makes the wounds of the Kent State massacre still fresh today.

Actress Pam Grier is best known for her roles as a blaxploitation star in the 1970s films "Coffy" and "Foxy Brown." Two decades later, she made a comeback, playing "Jackie Brown" in Quentin Tarantino's homage to her early career. She's written a new memoir, "Foxy: My Life in Three Acts," detailing her rise to fame and her struggles as a young girl dealing with sexual violence and racial prejudice.

A recent report by the College Board found students at for-profit colleges graduated with significantly more debt than their counterparts at public and private non-profit schools. President Obama recently overhauled the federal student loan program, changing the landscape for college lenders. Now Congress is considering ways to increase oversight of these for-profit colleges, which receive significant amounts of federal financial aid.

Senator Robert Menendez (D-New Jersey) is heralding a bill called the "Big Oil Bailout Prevention Act." The legislation would increase the amount of money oil companies would have to pay in the case of a spill from $75 million to $10 billion.

WNYC reporter Ailsa Chang is at the Manhattan federal courthouse where the alleged Times Square bomb suspect, Faisal Shahzad is expected to arrive. The courthouse is mobbed with news cameras all waiting for his arrival.