Search results for

The federal government announced new programs Tuesday that would provide up to $800 billion to stimulate mortgage lending, business and auto loans and use of credit cards. The move had a dramatic effect on mortgage rates.

Myron Rolle, the starting strong safety for the Florida State Seminoles, has been awarded the Rhodes scholarship to study at Oxford University. The pre-med student had to miss part of Saturday's game against Maryland because he was being interviewed for the scholarship.

With the economy continuing to sputter, president-elect Barack Obama has held a news conference to announce his economic team. He said they would get to work immediately to craft an economic stimulus package big enough to jump-start the economy.

Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.

After the author came to the United States from the Dominican Republic, he says, he became obsessed with his home country. Diaz eventually adjusted and learned about the new culture by reading.

Sen. Hillary Clinton has agreed to be President-elect Obama's nominee for secretary of state; New York Fed chief Timothy Geithner is in line to be treasury secretary; and New Mexico Gov. Bill Richardson is up for the top job at Commerce.

Lawmakers are demanding that GM, Ford and Chrysler submit a plan for improvements before Congress will consider a $25 billion aid package for the auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid say if there's a viable plan, Congress might return to work early next month for a vote. Some lawmakers wanted Congress to stay in session.

Economists say falling prices are a sign that the economy isn't doing well. Slowing consumer demand is behind the fall in oil prices, which are heading toward $50 a barrel. The government reported Wednesday that prices for consumer goods are eroding at a record pace. A short while ago, inflation seemed to be the danger. Economic policymakers now are fretting about deflation.

In the last days of the presidential campaign, William Ayers became the focus of attacks against Barack Obama. Ayers, a former member of the radical antiwar group the Weather Underground, talks about the extent of his association with the president-elect and why he remained silent during the campaign.

President-elect Barack Obama's top choice for U.S. attorney general seems to be Eric Holder. Holder was the No. 2 official in the Justice Department under President Clinton. The Obama team says no final decision has been made.