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1. The details are being finalized. But New Hampshire Senator Judd Gregg says they've worked out everything . That is a new and improved financial bailout plan emerges in Washington. Congressional leaders hope to have a House vote on the measure tom
1. Former Federal Reserve Chairman Alan Greenspan describes the current financial crisis as a once-in-a-century credit tsunami. And he warns it will get worse before it gets better. Greenspan also says the crisis has exposed flaws in his thinking an
1. The presidential candidates are making their last pitches to voters by mainly attacking their opponent. John McCain is trying to tie Barack Obama to oil companies while Obama spend part of the day saying McCain will keep economy in a ditch. 2. Th
1. It looks like there is an agreement in principle among lawmakers on a 700-billion-dollar bailout of the financial industry. The plan would have to pass both houses of Congress, then be signed by the president. 2. The first presidential debate pla
1. Federal Reserve Chairman Ben Bernanke is warning Congress that it must approve the administration's 700 billion dollar bailout,or risk a recession. He told the Senate Banking Committee that the failure to bail out the financial industry would bri
1. It's the latest storm to threaten the southeast. Hurricane Ike is barreling toward islands near the southern Bahamas. Florida's governor says he's making sure relief supplies are ready in case Ike hits the state next week. 2. Tropical Storm Hanna
1.Stocks soar as the government unveils plans to restore calm to the financial system. The Dow closes up more than 300 points, extending a two-day rally. Investors appear soothed by plans to rescue banks from billions of dollars in bad debt. 2.Unite
1. Wall Street took it on the chin again today. The Dow closed down more than 400 points. The drop comes on the heels of the AIG bailout and as investors express more concern about investment banks. 2. US officials say an assault on the American Emb
This is AP News Minute. I. New fighting in Basra, Iraq. Reports indicate militiamen have overrun a number of police stations and an oil pipeline has been blown up. Also today more rockets were fired into the heavily-fortified Green Zone in Bagdad. I
1. More moves from the Federal Reserve to break through a credit clog. The central bank announcing it will buy commercial paper--short-term funding companies rely on for day-to-day expenses. All of this to stimulate lending and stop a deep economic
1. For the first time, Fed Chairman Ben Bernanke says he supports the idea of a second stimulus package. The White House says President Bush is open to the idea of direct payments to Americans. Bernanke told Congress that the economy is likely to st
1.The Dow Jones is continuing its volatile ride at the time when the Dow was down over 500 points putting it below 10000 for the first time in four years. Despite the government's Wall Street bailout plan, credit markets are still strained.The Feder
1. On Wall Street, another volatile day. The Dow Jones Industrial is falling 733 points, the second largest point loss ever. Stocks dropped on disappointing economic news including a big drop in retail sales. 2. Tonight is the last time presidential
1. Hurricane Gustav is quickly losing its punch after plowing through south Louisiana's fishing and oil industry.The National Hurricane Center downgraded the storm to a Category 1 with 90-mile-an-hour winds. 2. Hurricane Gustav is sending water rush
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
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.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
1. A new brush fire has broken out in the hills above Los Angeles' San Fernando Valley suburbs, prompting mandatory evacuations. The new fire began Monday morning, a few miles west of the 3,700-acre brush fire that has been burning since early Sunda
1. Treasury Secretary Henry Paulson says global financial markets remain severely strained. He's calling for quick action to implement the government's 700-billion-dollar rescue program. And he says the administration is moving fast to begin the lar