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1. The House just defeated a 700-billion-dollar financial industry bailout package. Both Republicans and Democrats voted against the unpopular bill. President Bush said he is very disappointed with the vote. 2.On Wall Street, stocks plummeted before
1. The Dow soars in a closing bell surge, ending up almost 900 points, the second largest point gain ever. Bargain hunters grab stocks pounded in earlier sessions, ahead of an expected rate cut by the Federal Reserve. 2. The death of seven-year-old
1. The Federal Reserve has slashed a key interest rate by half a percentage point, as it seeks to revive the economy. The cut marks the second half-point reduction this month. The Fed said the financial market turmoil will likely continue to restrai
1. Chicago authorities are intensifying the search for the seven-year-old nephew of Oscar-winning actress Jennifer Hudson. A citywide AMBER Alert is in effect for Julian King, but officials are focusing on the immediate vicinity of Hudson's mother's
1. The ATF says it has broken up a plot to assassinate Democratic presidential candidate Barack Obama and shoot or decapitate 102 black people in a Tennessee murder spree. In court records, agents say they disrupt plans by two neo-Nazi skinheads to
1. Authorities in Texas say nearly 2,000 people who refused orders to evacuate before Hurricane Ike have been rescued. Crews are searching door to door in Galveston, residents who got out are being urged to stay away. Millions are without power thro
1. Police say six children are in temporary custody. That's after law enforcement raided a church compound in Arkansas yesterday as part of a child-porn investigation. The compound belongs to evangelist Tony Alamo. He's denying any involvement with
1. Investigators in Las Vegas say they are looking for the grandfather of a kidnapped six-year-old boy. They hope he can lead them to Cole Puffinburger. Authorities think 51-year-old Clemens Fred Tinnemeyer was involved in drug dealing with Mexican
This is AP News Minute. I. The battle continues in the southern Iraq city of Basra. Iraqi Prime Minister Nuri al-Maliki has traveled to the city where Iraqi forces are fighting Shiite militiamen. Al-Maliki has ordered the fighting to stop by today,
1.Tropical Storm Hanna is closing in on the Carolina coast with top sustained winds of 70 miles an hour. The forecast calls for Hanna to make landfall early Saturday morning, then marching up the Atlantic seaboard, dumping inches of rain. 2.Republic
1. Hurricane Ike is making its way past the Bahamas on a heading toward Cuba. At last report, its top winds were near 135 miles an hour. Officials in Florida are taking precautions. A hurricane watch has been issued for the Keys and evacuations are
1. Hurricane Ike roared ashore early this morning, causing extensive damage in Southeast Texas and southern Louisiana. Thousands of homes and government buildings are flooded and several roads washed out. 2. The death toll from Friday's train collis
1. New images revealed that North Korea has a second long-range missile base. One analyst says the base is a clear indication the country continues to develop its ballistic missile program. An American official says US intelligence has been aware of
1. New Orleans evacuees have been told they can't go home again yet. Mayor Nagin is telling residents to wait in shelters and motels for a few more days. Meantime, those who stay behind are already cleaning up the mess in Hurricane Gustav's wake. 2.
1.Hurricane Gustav is just a day away from a possible major hit on New Orleans. The mayor is pleading with the last of the the city's residents to get out. Meanwhile, Louisiana Governor Bobby Jindal and other state officials are encouraging all coas
1. Federal Reserve Chairman Ben Bernanke is issuing a gloomy warning about the nation's economy. Bernanke says the recent financial turmoil means economic activity will be subdued through the rest of this year and into next year. 2. There are new de
The firefight continues in southern California where crews are now battling three different blazes. One fire doubled in size has now burnt over 10,000 acres. Crews are getting the upper handle on the blaze... when evacuation order has been partially
1. Wall Street plunges again as credit markets remain tight and jobless claims hit seven-year high, stoking fears the government's financial rescue plan may not halt recession. Some lawmakers in the House now say they will change their votes when a
1. President Bush is telling Americans that it may be a while before they feel any relief from the 700-billion-dollar bailout plan approved yesterday. He says it will take some time to implement it. Meanwhile, many Americans still say they oppose th
1.Congressional leaders are scrambling to make changes to the 700 billion dollar financial bailout bill that failed in Congress Monday. Presidential candidates McCain and Obama both said they back Republican measure to increase the FDIC insurance li