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The Markets dropped again today. The Dow Jones Industrials fell 3. 5%. The NASDAQ and SP were also down more than 3% today. NPR's Yuki Noguchi has more. A few months ago, a 300-point-drop in the Dow would have been a very bad day, but given the setu
The Senate is on the verge of approving a massive housing bill aimed at helping homeowners facing foreclosure. NPR's Brian Naylor has more. The bill would provide homeowners who can no longer afford to make their monthly payments a chance to qualify
One of the nation's largest independent mortgage lenders has been taken over by the federal government after determination the California-based thrift was unsound. The decision by the Office of Thrift Supervision comes after efforts by IndyMac to ra
The Food and Drug Administration has lifted its warning on eating fresh tomatoes. Officials say the salmonella outbreak is still ongoing, but varieties of tomatoes on the market now have been given the all-clear. NPR's Allison Aubrey reports. FDA of
Serbias president says his forces have arrested a man long-sought by a UN war crimes tribunal. NPRs Michele Kelemen reports. According to a statement by President Boris Tadics office, Serbian security officials arrested former Bosnian Serb leader Ra
President Bush is conferring at Camp David with the presidents of France and the European Commission about the global financial crisis, and plans for a summit of world leaders to be held in the US in the coming weeks. NPR's Curt Nickisch has more. P
World markets went back into retreat today, amid a slew of disappointing corporate earnings showing the extent to which many financial firms and other companies have been hurt by the current financial crisis. Fears about the economy have become a ma
The chairman of the Federal Reserve Ben Bernanke warned today that an economic recovery will not come overnight. But he said federal officials are using every resource to stabilize the financial markets. NPR's Jim Zarroli reports. Speaking to the Ec
From NPR News in Washington, I'm Barbara Kline. General Motors second-quarter earnings have come in far worse than Wall Street had expected. The company says it lost 15.5 billion dollars. From Michigan Radio, Dustin Dwyer reports. GM got slammed by
President Bush and Defense Secretary Robert Gates said today the number of US troops in Iraq might be able to be reduced, because conditions in Iraq have dramatically improved. At the White House today, President Bush said he'll make a final decisio
President Bush briefed reporters this morning on the economy. The president said the economy is strong and growing and that the administration's actions will keep the mortgage industry stable. NPR's Larry Abramson has more. The Treasury and Federal
Congressional leaders say the Bush administration's plan to shore up mortgage backers Fannie Mae and Freddie Mac could be on the president's desk as soon as next week. Lawmakers are reacting favorably to the proposal. NPR's Brian Naylor has more. Th