Hurricane Ike is continuing to move northwest through the Gulf of Mexico. But already winds are picking up with the storm's outer bands pushing waves over Galveston's 17-foot-high seawall even though the storm is more than 100 miles out at sea. In a
Hurricane Ike has flooded or damaged thousands of homes in Texas and knocked out electricity to millions of people there. Officials are warning that it could take weeks before power is completely restored. But the storm surge from Ike was not as dev
Nearly 2,000 people have been rescued from flooded or damaged homes in Texas and areas hit by Hurricane Ike. But officials say thousands more who ignored evacuation orders are likely stranded and waiting for help. People who were evacuated are being
President Bush tried to calm investors' nerves this morning, a day after two venerable financial institutions were hobbled by the mortgage crisis. NPR's Dina Temple-Raston reports. The president spoke to reporters just hours after investors began to
Investment bank Goldman Sachs reported a 70% drop in income today, following an eventful day yesterday. All eyes are now focused on the health of the remaining firms that make up the pillars of Wall Street. NPR's Yuki Noguchi reports. With Bear Stea
For the past three days, prominent Republicans have taken the stage at their party's convention and talked about John McCain. Tonight the Republican presidential nominee will take the stage to speak for himself. NPR's Ina Jaffe has more. Workers at
Six, Five, four three, two, one, booster ignition and liftoff of space shuttle Endeavour,preparing our home in space for a larger international family. The space shuttle Endeavour with the seven-member crew lifting off the pad just moments ago at C
The names have already been leaked, but President-elect Barack Obama is set to announce formally his choices for more than a third of the cabinet as well as his national security team. Senator Hilary Clinton is expected to be nominated as secretary
President-elect Barack Obama has named his top national security team, Senator Hilary Clinton as Secretary of State, Robert Gates, the current Secretary of Defense to stay on and retired Marine General James Jones as National Security Advisor. NPR P
President-elect Barack Obama told state governors today upon his swearing-in he will be willing to help them come up with ways to create jobs and deal with declining revenues. At a meeting of the National Governors Association in Philadelphia, Mr. O
The CEOs of the Big Three domestic automakers were back on Capitol Hill today, pushing for a financial aid package. The Chairman of the Senate Banking Committee indicated he is favoring a federal bailout for Detroit's Big Three. NPR's Giles Snyder r
The news the economy lost more than half a million jobs last month, the worst one-month drop in 34 years from many economists, confirms the current recession could be longer and deeper than first thought. The government also revised downwards to the
President-elect Barack Obama says his administration will undertake the largest public works program since the building of the interstate highway system back in the 1950s. The goal is to create millions of new jobs and bolster the sagging U.S. econo
Democratic Congressional leaders and White House officials have been conferring again today as they work out final details of a plan to offer emergency short-term federal loans to struggling US automakers. Democratic Senator Carl Lewin of Michigan s
President Bush today said any plan designed to bail out the nation's domestic automakers must be examined to ensure they can survive over the long term and the taxpayer dollars get paid back. In an interview with ABC, Mr. Bush says all aspects of th
Illinois Governor Rod Blagojevich has been released on his own recognizance following his arrest today by federal officials on charges he sought to sell the Senate seat vacated by President-elect Barack Obama. Blagojevich is also accused of a number
A proposed 14-billion-dollar financial rescue bill for the ailing domestic auto industry may itself be in need of some help if the debate in the House has anything to go by. Virginia Republican Allen Kantar says having the government take on increas
The White House says it's exploring new options to save the auto industry after a 14-billion-dollar bailout bill collapsed in the Senate yesterday. Congressional Democrats want the Bush Administration to act quickly. NPR's Debbi Elliot reports. Whit
Utility crews have been working around the clock to restore power to the more than 800, 000 homes and businesses still without power after a severe ice storm ripped across the northeastern states, just getting to downed power lines is proving diffic
President Bush made his fourth and final trip to Iraq today before leaving office. He defended his decision to order the US-led invasion and he met with the American troops. But his news conference in Baghdad was interrupted when an Iraqi man threw
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