AP - The Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.
AP - A massive suicide truck bomb devastated the heavily guarded Marriott Hotel in Pakistan's capital Saturday, killing at least 40 people and wounding at least 100. Officials feared there were dozens more dead inside the burning building.
AP - Hours after performing for thousands of South Carolina college students, former Blink-182 drummer Travis Barker and celebrity DJ AM were critically injured in a fiery Learjet crash that killed four people, authorities said Saturday.
A car bomb detonated Saturday night in the heart of Islamabad, killing at least 34 people, police said, and shattering windows more than two miles away. At least 200 people were injured in the attack on the Marriott, a Western brand-name hotel in Pakistan's capital, police said.
The Bush administration has asked Congress for the authority to spend as much as $700 billion to purchase troubled mortgage assets. Bush today expressed confidence that the proper steps have been taken to guide the economy toward recovery. "It is a big package because it's a big problem," he told reporters at a joint news conference