The plan calls for the banks to create a new financing vehicle to try to reduce the risk of a meltdown by propping up an important part of the debt markets.
Millions of homeowners in Northern states are losing their policies as companies attempt to limit their exposure to catastrophic losses from hurricanes.
AP - Russian President Vladimir Putin arrived in Tehran on Tuesday for a historic visit to hold talks on Iran's nuclear program and attend a Caspian sea summit.
AP - Democrat Hillary Rodham Clinton ended September with more money in the bank than rival Barack Obama, holding nearly $35 million cash on hand for the presidential primary contests to his $32 million.
AP - The United State alone cannot force Iran to give up its nuclear ambitions, Defense Secretary Robert Gates said Monday. Gates called Iran as "an ambitious and fanatical theocracy," and said he has yet to find "the elusive Iranian moderate," according to remarks prepared for delivery at the Jewish Institute for National Security Affairs.
A man wanted in the videotaped sexual assault of a 3-year-old girl has been arrested, according to police in Nevada. Chester Arthur Stiles, 37, was taken into custody following a routine traffic stop, said Henderson Police Department spokesman Keith Paul.