The Fed chief warned of the risks of a long slowdown and higher inflation as the president, speaking nearby, said the country?s economic pillars remained sound.
AP - The two major presidential rivals sharpened their long-standing dispute over the Iraq War on Tuesday, Democratic Sen. Barack Obama calling it a costly distraction that must end while Republican Sen. John McCain insisted it is a conflict the United States has to win.
AP - President Bush said Tuesday the nation's troubled financial system is "basically sound" and urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac. He also called on the Democratic-run Congress to follow his example and lift a ban on offshore drilling to help increase domestic oil production.
AP - In a video released Tuesday, a 16-year-old captured in Afghanistan cries out for his mother and says he needs treatment for his battle wounds during questioning by Canadian officials at the U.S. military prison in Guantanamo Bay. "Oh Mommy," he cries in despair in Arabic when he is alone in the room, watched only by hidden cameras.
It was a frigid June night at Pickstone Mine in Zimbabwe when 67-year-old Angela Campbell -- soaking wet, her arm broken and a gun to her head -- signed a document vowing to give up the fight for her family's farm. But Campbell has no intention of giving up her battle; she and dozens of other farmers will risk theft, torture and death for what may be the only remaining chance to save their homes and farms.
Sen. Barack Obama on Tuesday called a New Yorker cover that unflatteringly depicts him and his wife an unsuccessful attempt at satire that will likely fuel misconceptions he has long battled over the course of his presidential campaign.
Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.