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Bernanke: Shut down banks if they threaten system

Posted: 09/02/2010 - Federal Reserve Chairman Ben Bernanke is telling a panel investigating the financial crisis that regulators must be ready to shut down the largest institutions if they threaten to bring down the financial system.

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Some bunker down, some flee as Earl approaches US

Posted: 09/02/2010 - Forecasters say they're still worried that the path of Hurricane Earl will shift a little to the west, meaning a "very significant impact" on the mid-Atlantic coast and areas to the north.

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Clinton opens Mideast peace talks in Washington

Posted: 09/02/2010 - Secretary of State Hillary Rodham Clinton is formally opening the first direct peace talks between Israel and the Palestinians in nearly two years, imploring the two sides to make compromises to forge an agreement.

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Captured Mexican drug lord knew top capos

Posted: 09/01/2010 - A man who allegedly rose to become one of Mexico's most savage assassins has told Mexican investigators he personally shipped cash and drugs.

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Hamas: 150 members arrested in wake of shooting

Posted: 09/01/2010 - Hamas officials in the West Bank say 150 members of the Islamic militant group have been arrested in an overnight raid by Palestinian security forces following a shooting attack that killed four Israelis.

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Obama holds Mideast talks

Posted: 09/01/2010 - President Barack Obama will hold separate meetings Wednesday with Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas.

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Questions loom over drug given to sleepless vets

Posted: 08/30/2010 - Some military families are calling on Congress to investigate several deaths of soldiers and veterans who were taking a potent anti-pyschotic called Seroquel.

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Airlines back in profit in second quarter

Posted: 08/30/2010 - The International Air Transport Association says 47 major carriers it monitors to assess the industry's financial health reported a net profit of $3.9 billion in the second quarter.

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US wasted billions in rebuilding Iraq

Posted: 08/30/2010 - According to audits from a U.S. watchdog agency, more than $5 billion has been wasted on abandoned or incomplete projects in Iraq.

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Key BP engineer refuses to testify

Posted: 08/27/2010 - A BP drilling engineer who was a key decision maker at the rig in the Gulf of Mexico that blew up in April has refused to testify before a federal panel investigating the incident.

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Recession may have pushed US birth rate to new low

Posted: 08/27/2010 - The U.S. birth rate has dropped for the second year in a row, and experts think the recession is a big reason. They believe the sluggish economy has led many people to put off having children.

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Bernanke says Fed will take action if economy falters

Posted: 08/27/2010 - Federal Reserve Chairman Ben Bernanke says the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.

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