The Congressional Budget Office said the proposed rescue of Fannie Mae and Freddie Mac will appear on the federal budget as a $25 billion cost to taxpayers.
AP - Democratic presidential candidate Barack Obama said Tuesday that security in Iraq has improved and that the United States urgently needs to turn its attention to Afghanistan.
AP - Texas mobilized National Guard troops and residents along the Gulf Coast near the Mexican border were buying plywood, flashlights and gasoline as Tropical Storm Dolly gained strength Tuesday over the Gulf on its way to becoming a hurricane before it hits land.
AP - Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion, is slashing its dividend and eliminating 10,750 positions after losses tied to mortgages soared.
Jasmina was snatched from her home by soldiers 16 years ago and repeatedly raped during the Bosnian war. Sometimes, they'd torture her in front of her children. Other times, she'd beg them to kill her: "That's when they laughed." Jasmina spoke to CNN, offering a glimpse into the world of those terrorized by Radovan Karadzic's alleged ethnic cleansing.
For some, Barack Obama signals America's shift to a "post-racial" society but some suggest that an Obama presidency could set back race relations. Though it might seem odd or even inappropriate -- a few political commentators warn African-Americans that an Obama victory could be twisted to suppress the push for racial equality.