The Dow closed up more than 330 points today after unusually candid remarks by a top Federal Reserve official, who appeared to open the door to further interest rate cuts.
James L. Jones will report to Condoleezza Rice as part of what the White House hopes will be an intensified negotiating track following the Annapolis conference.
In the wake of the Annapolis peace conference, the top Palestinian diplomat posted to Washington, Afif Safieh, called on governments, analysts, and the news media to show more optimism about the relaunched Middle East peace process.
Sen. Chris Dodd's quest for the White House remains the longest of shots, but tomorrow the Connecticut Democrat will bring his biggest political gun to Iowa: Harold Schaitberger, president of the International Association of Fire Fighters, an organization that earlier this year became Dodd's biggest backer.
AP - Nearly 6,000 Sunni Arab residents joined a security pact with American forces Wednesday in what U.S. officers described as a critical step in plugging the remaining escape routes for extremists flushed from former strongholds.
AP - President Bush, capping an intense flurry of diplomacy, said Wednesday the agreement by Israeli and Palestinian leaders to resume long-stalled peace talks was "a hopeful beginning."
AP - Wall Street barreled higher Wednesday for the second day in a row, giving the Dow Jones industrial average its biggest two-day point gain in five years after a Federal Reserve official hinted that the central bank may lower interest rates again.
President Bush on Wednesday told CNN he would personally "facilitate" peace negotiations between the Palestinians and Israelis but dismissed the idea that he would travel to the region to engage in talks. "It's got to be a Palestinian vision and an Israeli vision where they find common ground," Bush said.
More than 200 Saudi and foreign militants have been arrested over their alleged involvement in plots that included assassinations and an attack on an oil facility, Saudi officials say.