Around the World
The Federal Reserve on Wednesday cut a key interest rate for the second time in just more than a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible.
The Federal Reserve on Wednesday cut a key interest rate for the second time in just more than a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible.
Senate Democrats accused Attorney General Michael Mukasey of ducking questions Wednesday on whether waterboarding is torture despite his promise last year to study whether it is illegal.
Democrat John Edwards bowed out of the race for the Democratic presidential nomination on Wednesday, saying it was time to step aside “so that history can blaze its path” in a campaign now left to Hillary Rodham Clinton and Barack Obama.
Rudy Giuliani was always a long-shot for the Republican presidential nomination, a brash New Yorker who backed gun control, abortion and gay rights in a party dominated by Southern conservatives.
Tens of thousands of Indonesians mourned former dictator Suharto during his state funeral Monday, a striking display of affection for the U.S. Cold War ally whose brutal military regime killed hundreds of thousands of left-wing political opponents.
Gunmen killed an opposition lawmaker in Nairobi and government helicopters fired on crowds in the Rift Valley on Tuesday, the latest flare-up of the ethnic fighting that has gripped Kenya since its disputed presidential election.
The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.
Hamas militants joined Egyptian forces for a second day Monday in trying to restore control at three breaches in the Gaza border, building a chain-link fence to seal off one opening and directing traffic at two others.
Two generations of Kennedys – the Democratic Party’s best-known political family – endorsed Barack Obama for president on Monday, with Sen. Edward M. Kennedy calling him a “man with extraordinary gifts of leadership and character,” and a worthy heir to his assassinated brother.
Senate Democrats will move to add to a $150 billion economic stimulus package, including rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
COLUMBIA, S.C. – Barack Obama routed Hillary Rodham Clinton in the racially charged South Carolina primary Saturday night, regaining campaign momentum in the prelude to a Feb. 5 coast-to-coast competition for more than 1,600 Democratic National Convention delegates.
Congressional leaders announced a deal with the White House on Thursday regarding an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.
A grand jury indicted a Marine on a first-degree murder charge Thursday in the death of a pregnant colleague, but a prosecutor said he wouldn’t seek the death penalty if the man is arrested in Mexico.
Secretary of State Condoleezza Rice on Wednesday pressed Pakistani leader Pervez Musharraf to ensure that next month’s elections are free and fair and urged him to boost counterterrorism cooperation with the U.S. and neighboring Afghanistan.
The deficit for the current budget year will jump to about $250 billion under Congressional Budget Office figures released Wednesday, as a weaker economy and lower corporate profits weigh on the government’s fiscal ledger.
The United Nations Security Council’s permanent members and Germany agreed Tuesday on the contents of a new draft resolution on sanctions against Iran after talks on its nuclear program, the German foreign minister said.
Wall Street struggled to steady itself Tuesday, climbing back from an early plunge after the Federal Reserve implemented an emergency interest rate cut in hopes of restoring stability to a faltering U.S. economy. The Dow Jones industrials, down 465 points at the start of the session, recovered to a loss of more than 180 points.
Jose Padilla, once accused of plotting with al-Qaida to blow up a radioactive “dirty bomb,” was sentenced Tuesday to 17 years and four months on terrorism conspiracy charges that don’t mention those initial allegations.
President Bush and Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert recession. Bernanke said such a plan should be aimed at quickly getting cash into the hands of people, especially those with low and moderate incomes.