A plan that would give the Federal Reserve broad authority to oversee financial market stability could expose Wall Street to new scrutiny, but it avoids a call for tighter regulation.
Iraqi forces, which have no air support of their own, have so far failed to subdue Shiite militias in Basra and have asked the Americans and British for help.
AP - The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation's financial services industry from banks and securities firms to mortgage brokers and insurance companies.
AP - If Hillary Rodham Clinton is feeling heat from pundits and party elders to quit the race and back Barack Obama, you'd never know it from her crowds, energy level and upbeat demeanor on the campaign trail.
AP - First microwaves, now cell phones. Is this the new Cuba? Raul Castro is revolutionizing his brother's island in small but significant ways — the latest in a decree Friday allowing ordinary Cubans to have cell phone service, a luxury previously reserved for the select few. The new president could be betting greater access to such modern gadgets will quell demand for deeper change.
The gray wolf was officially removed from the Endangered Species Act's "threatened" list Friday after three decades. The decision means the predators can be shot and killed once they step out of Yellowstone National Park. That pleases ranchers, but environmentalists are concerened.
The Federal Reserve would have the power to regulate virtually the entire banking and securities industry under proposals to be unveiled Monday by Treasury Secretary Henry Paulson, according to a summary of the proposals provided to CNN late Friday.
The Iraqi military push into the southern city of Basra is not going as well as American officials had hoped, despite President Bush's high praise for the operation, several U.S. officials said today.