The Holy Father, Pope Benedict XVI, signed a decree on June 28th declaring the late Archbiship Fulton J. Sheen Venerable.   After one miracle has been attributed to him, he could be beatified and given the title Blessed.  If a second miracle is verified after that, he can be canonized and declared a Saint.
http://www.ewtnnews.com/catholic-news/US.php?id=5725