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Fed auctions $30 billion to banks to combat credit crisis, additional auctions expected

WASHINGTON - The Federal Reserve, working to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.95 percent.

January 30, 2008 | By MARTIN CRUTSINGER AP Economics Writer | Washington


AP NewsBreak: Military investigating deaths of 3 soldiers as possible friendly fire fatalities

WASHINGTON - Three Army soldiers who were gunned down during an intensive, three-hour firefight in the Salahuddin province north of Baghdad last week, may have died from friendly fire, military officials said Tuesday.

January 30, 2008 | By LOLITA C. BALDOR Associated Press Writer | Washington


A look at proposed Bush administration arms sales to Saudi, Gulf states

The Bush administration announced its intention on Monday to sell $123 million worth of sophisticated, precision-guided bomb technology to Saudi Arabia as part of a larger arms package to the country and its Gulf neighbors, estimated to total $20 billion. Congress has 30 days to lodge objections to the sale.

January 29, 2008 | The Associated Press | Washington


Pelosi, Bernanke discuss options for economic stimulus

WASHINGTON - House Speaker Nancy Pelosi and Fed chief Ben Bernanke met Monday to discuss how Congress might act to stimulate the slowing economy.

January 29, 2008 | By ANDREW TAYLOR Associated Press Writer | Washington


Want the public to like your product better? Raise the price.

WASHINGTON - Apparently, raising the price really does make the wine taste better.

January 29, 2008 | By RANDOLPH E. SCHMID AP Science Writer | Washington


Returning Congress confronts war, economy, election-year politics

WASHINGTON - Still smarting from the partisan wars of 2007, Congress confronts a sinking economy, a lingering war and election-year politics as it gets back to work for the 2008 session.

January 29, 2008 | By JIM ABRAMS Associated Press Writer | Washington


Justices reject industry challenge to air pollution ruling

WASHINGTON - The Supreme Court declined Monday to hear industry complaints that the Environmental Protection Agency should have dropped some old clean air safeguards when it imposed a more stringent air quality standard for ozone.

January 29, 2008 | The Associated Press | Washington


To intelligence chief, interrogation technique known as waterboarding ‘would be torture’

WASHINGTON - The nation's intelligence chief says waterboarding ''would be torture'' if used against him or if someone under interrogation actually was taking water into his lungs.

January 29, 2008 | By PAMELA HESS Associated Press Writer | Washington


AP Exclusive: Repairs to Blackwater convoy vehicles could complicate Baghdad shooting inquiry

WASHINGTON - Blackwater Worldwide repaired and repainted its trucks immediately after a deadly September shooting in Baghdad, making it difficult to determine whether enemy gunfire provoked the attack, according to people familiar with the government's investigation of the incident.

January 29, 2008 | By LARA JAKES JORDAN and MATT APUZZO Associated Press Writer | Washington


Court won’t review ruling that terminally ill have no constitutional right to unapproved drugs

WASHINGTON - The Supreme Court refused Monday to review a ruling that terminally ill patients have no constitutional right to be treated with experimental drugs - even if that means the patient will likely die before the medicine is approved.

January 29, 2008 | The Associated Press | Washington


Justices hear arguments on whether search was proper after arrest that violates state law

WASHINGTON - Driving on a suspended license, David Lee ''Chubs'' Moore nonetheless had the law on his side. But was it enough?

January 29, 2008 | By PETE YOST Associated Press Writer | Washington


Congressional investigators seek to question EPA staff about greenhouse gas waiver denial

WASHINGTON - A key House Democrat said Monday he plans to question EPA officials about why the agency refused to allow California to require reductions in greenhouse gas emissions from cars and trucks.

January 29, 2008 | By ERICA WERNER Associated Press Writer | Washington


US announces sales of advanced weaponry to Saudis as Bush visits Riyadh

WASHINGTON - The Democratic-led Congress is unlikely to block U.S. plans to sell $123 million worth of sophisticated precision-guided bomb technology to Saudi Arabia, despite concerns from some members that the systems could be used against Israel.

January 29, 2008 | By MATTHEW LEE and ANNE FLAHERTY Associated Press Writer | Washington


Chertoff given OK to use retirees to reduce immigration backlog

WASHINGTON - The Bush administration has authority to rehire retired workers to reduce a backlog of immigration applications that is preventing thousands of people from becoming U.S. citizens in time to vote in November's elections, a Democratic senator said.

January 27, 2008 | By SUZANNE GAMBOA Associated Press Writer | Washington


Economy ties Iraq war as nation’s top problem, according to AP poll

WASHINGTON - The faltering economy has caught the Iraq war as people's top worry, a national poll suggests, with the rapid turnabout already showing up on the presidential campaign trail and in maneuvering between President Bush and Congress.

January 27, 2008 | By ALAN FRAM Associated Press Writer | Washington


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