The Bush administration came to the rescue of the troubled U.S. auto industry Friday, offering $17.4 billion in loans in exchange for concessions from carmakers and their workers.
Eager to jolt a worsening economy back to life, President-elect Barack Obama's aides are assembling a two-year stimulus package that could cost $850 billion.
Barack Obama's bid to become the first black president faced the final test of his remarkable two-year journey Tuesday, while Republican John McCain pressed for an Election Day upset.
U.S. House Speaker Nancy Pelosi said Friday that she expects lawmakers to reach agreement on a $700 billion Wall Street bailout package because "it has to happen."
Record-high floodwaters that brought misery to some of Iowa's smaller river towns may have helped spare Iowa City from cataclysmic flooding, but the lingering high level of the Iowa River is giving the city's flood protections a marathon test.
In a year so tilted toward Democrats, Hillary Clinton might have represented a safer bet to accumulate the bare minimum of 270 electoral votes needed to win the White House.
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