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 - House Democratic and Republican leaders are looking for imminent agreement with the White House on an emergency package to jolt the economy out of its slump after negotiators on all sides made significant concessions at a late-night bargaining session.
AP - Egypt began trying to control the masses of Palestinians flooding in from the Gaza Strip Thursday, stopping some from moving deeper into Egypt. But authorities did not attempt to reseal the breached border with the Palestinian territory.
AP - Wall Street headed toward a moderately higher open Thursday, a day after stocks staged an extraordinary reversal and after weekly figures on workers seeking unemployment figures suggested the job market was holding up.
Tests on a $20 bill found at the Lower Manhattan apartment where actor Heath Ledger died yielded no drug residue, police said. The bill was tested to see whether it had been used to snort illegal drugs because of the way it was folded, New York Police Commissioner Ray Kelly said.
Congressional leaders and Treasury Secretary Henry Paulson negotiated into the evening on a $150 billion deal to boost the economy -- a sign of urgency as the U.S. deals with an economic slowdown. The package could mean tax rebate checks of $800 for individuals and $1,600 for families. "We'll have more to say" Thursday, said House Minority Leader John Boehner.
Heavy snow kept a mountain stretch of Interstate 5 closed Thursday, as several hundred vehicles were stranded south of Bakersfield to north of Santa Clarita, the California Highway Patrol said.