As troubles in the US housing market ripple across the global economy, the health of banks has become one of the biggest financial uncertainties for 2008.
AP - Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.
AP - Democrat Hillary Rodham Clinton argued on Tuesday that Barack Obama's frustration with losing prompted him to look for a fight in their latest debate. Obama said his rival and her husband, former President Clinton, were distorting his record.
AP - Heath Ledger was found dead Tuesday in a Manhattan apartment, naked in bed with prescription sleeping pills nearby, police said. The Australian-born actor was 28. There was no obvious indication of suicide, NYPD spokesman Paul Browne said.
Heath Ledger, who was nominated for an Academy Award in 2005 for his role as a gay cowboy in "Brokeback Mountain," was found dead today in a Manhattan apartment, New York police told CNN. A possible drug overdose was suspected. Ledger was 28.
Former Sen. Fred Thompson today dropped out of the race for the Republican presidential nomination. Thompson, also an actor and a lawyer, entered the race late as a "true conservative." But his campaign never caught on with GOP voters.
Surveying the presidential campaign, here's the long and the short of it: If Republicans keep divvying up primaries, it's going to be a long road to the nominating convention. And Democrats have just witnessed what is perhaps the shortest truce in U.S. political history.