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End Still Not in Sight in Democrats' Nomination Race
Sens. Hillary Clinton and Barack Obama are not slowing down on the campaign trail. Neither candidate will have enough pledged delegates to guarantee the nomination, no matter what happens in Wyoming on Saturday, in Mississippi on Tuesday or even in Pennsylvania next month.
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Candidates Blitz on Eve of Four State Contests
The Democratic nomination contest stormed through Ohio and Texas for one more day Monday, with Hillary Clinton's campaign accusing Barack Obama of criticizing NAFTA in Ohio but letting an adviser tell Canadians it was all a political posture. It was part of a media relations blitz unleashed in the final hours before crucial votes Tuesday.
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What Does Morgan-Stearns Buyout Mean for Consumers?
News that JP Morgan Chase would buy troubled Bear Stearns for a basement price stunned Wall Street. But many Americans were also stunned that the U.S. Federal Reserve took other steps to prevent more damage to the struggling financial institution. Finance expert Alvin Hall updates listeners on the latest financial news, and what it means for consumers.
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Chicagoans: Reports Misrepresent Obama's Church
The Rev. Jeremiah Wright's comments from the pulpit at Trinity United Church of Christ in Chicago have spotlighted on his church and his relationship with Barack Obama. The church being portrayed in the media, however, is unrecognizable to many who are familiar with the congregation.
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Fed Rate Cut Boosts Stocks; Another Cut Coming?
Stock prices Tuesday had their biggest one-day gain in five years. Prices jumped after the Federal Reserve decided to cut a key interest rate by three-quarters of a percentage point. Fed policymakers said they remain concerned about the slowing U.S. economy and suggested that they may cut rates again.
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Individuals' Rights Key in Landmark D.C. Gun Case
The Supreme Court on Tuesday heard arguments on the District of Columbia's law that essentially bans handguns in the city. Courts historically have interpreted the right to bear arms as a collective right, linked to military service and state militias. But on Tuesday, a majority of justices indicated that they believe it's an individual right.
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What's Behind the Dollar's Downslide?
The U.S. dollar plunged against other major currencies Thursday, dipping below 100 yen for the first time in 12 years. There were other signs of weakness — retail sales were down in February. Despite all this, the stock market closed higher.
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Iran Elections Exclude Many Reform Candidates
As Iran prepares to elect a new parliament on Friday, hundreds of reform candidates have been disqualified by a non-elected council. Iran's leaders say this is democracy. Critics in Iran say it's hardly democratic.
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Paulson: Balance Is Key in Plan to Fix Credit Crisis
As the U.S. dollar hit a 12-year low Thursday in relation to the yen, U.S. Treasury Secretary Henry Paulson talks with Melissa Block about the weakness of the dollar and recommendations from the president's working group on shoring up the nation's financial services sector.
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Fed's Bear Stearns Move Breaks New Ground
The Federal Reserve's decision to extend credit to the ailing investment bank Bear Stearns is an unprecedented move. And the Fed took additional steps to address a crisis of confidence on Wall Street.
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