From NPR News in Washington, Im Craig Windham. The outer bands of Hurricane Gustav are expected to reach Louisiana and other parts of the Gulf Coast this evening. The storm has expanded in size, and forecasters say it will have a powerful impact eve
Hurricane Gustav is slowing down over Louisiana and the Gulf Coast. So far, the damage to New Orleans appears minimum. NPR's Kitty Adam has more. The big question now in New Orleans is will the levees hold. So far, the answer is yes. Officials say t
An all too familiar sound to anyone who's been through a hurricane. Those are workers in New Orleans cleaning up storm debris, downed tree limbs and the like. The streets of the city meanwhile remain largely empty at this hour with only rescue and u
From NPR News in Washington, I'm Jack Speer. Alaskan Governor and vice presidential hopeful Sarah Palin speaks before the Republican National Convention and television audiences tonight. Minnesota Public Radio's Marianne Combs reports. Tonight is Sa
GOP presidential nominee John McCain visited a small town outside Milwaukee today and promised to take his White House campaign to small towns throughout America. NPR's Scott Horsley reports. John McCain's first campaign stop after the GOP conventio
From NPR News in Washington, I'm Craig Windham. Federal regulators are reportedly said to take control of Fannie Mae and Freddie Macat least temporarilyto shore up the mortgage finance firms, which have lost a total of about 14 billion dollars over
The federal takeover of Fannie Mae and Freddie Mac is getting a positive initial reaction from Wall Street. US stock futures are up sharply, harbinger of a possible strong rally tomorrow. Treasury Secretary Henry Paulson, in announcing the action, s
From NPR News in Washington, I'm Carol Van Dam. The Republican and Democratic presidential candidates agreed on one thing today the government's takeover of giant mortgage financiers Fannie Mae and Freddie Mac was something that had to be done given
More troops will be heading home from Iraq. President Bush made the announcement today in Washington. NPR's JJ Sutherland reports from the Pentagon. The president said the situation in Iraq has changed dramatically. Civilian deaths are down, sectari
Federal regulators in Denver and Washington who were supposed to be watchdogs over oil and gas companies allegedly partied and have sex with industry employees. A report says they also improperly accepted gifts and arranged lucrative contracts for t
President Bush said today when history reviews America's response to the September 11th attacks, it will find we did not tire, we did not falter and we did not fail. The president today marked the seventh anniversary of the 9/11 attacks with a momen
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
The White House says the price tag for the administration's proposal to deal with the nation's financial crisis will range up to 700 billion dollars. That's the amount of spending authority being sought for the Treasury Department to buy up troubled
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are sitting down at this hour with congressional leaders to discuss the widening economic crisis. Stock prices rebounded sharply today. That followed a report the administration has a ne
The Treasury Department said today it would issue new debt to raise money for the Federal Reserve. It comes just after the government announced another multi-billion-dollar bailout on Wall Street. NPR's Yuki Noguchi reports. Treasury took the unusua