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Fretting over Fannie and Freddie: Investors nervously await action to help mortgage giants (Finance, 51 articles)
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WASHINGTON Acting to prevent a severe disruption of the mortgage market, the federal government stepped in Sunday with plans for a sweeping aid package designed to bolster confidence in battered home-loan giants Fannie Mae and Freddie Mac. The plan calls on Congress to expand the companies' access to credit and allow the Treasury to buy shares in the companies if needed. There were encouraging signs Monday for the rescue plan, but also signs of concern - notably on Wall Street, where shares of the two companies slumped further - that the plan won't be enough. While the companies say they have adequate access to capital, the government's effort to help the companies is designed to reassure investors who have grown nervous about further fallout from the nearly year-old credit crisis. As the Bush administration scrambles to address the sudden decline of the country's two largest mortgage finance companies, some of their longtime critics say the crisis has been building for years. WASHINGTON - A day that began with a stomach-churning drop in stock prices for the two largest mortgage finance companies ended with a measure of relief, after government officials and lawmakers managed to calm investors worried about the health of the two companies.
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McCain and Obama clash over strategy in Iraq (U.S., 25 articles)
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CINCINNATI - Senator Barack Obama will meet with Palestinian leaders in the West Bank during his trip overseas next week, the first details of which began to emerge on Monday. Democrats preparing to vote in Tuesday's California primary can mark their ballots with confidence, knowing that eithercandidate would make a strong nominee and, if elected, a groundbreaking leader and capable president. SAN DIEGO - Senator Barack Obama on Sunday proposed offering tax breaks to small businesses as an incentive to provide health care to their employees, borrowing an idea from a former rival in the Democratic presidential race.
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Israeli doubts over Syria peace (World, 34 articles)
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As the chief intermediary between Israel and Syria he held separate talks with both the Israeli Prime Minister Ehud Olmert and the Syrian President Bashar al-Assad. The day was perhaps of greater significance as marking a restoration of ties between Paris and Damascus and the start of a process that may well end Syria's isolation. The Israel-Syria peace process, thanks in large part to Turkey's efforts, is back on track.
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ABC News: Pakistan Militants Focus Afghanistan (World, 22 articles)
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A senior Defense Department official told ABC News today that attacks on outposts in eastern Afghanistan are a tactic often used by Taliban militants, but that this attack was noteworthy for its significant discipline, training and size of the attacking force. KABUL, Afghanistan - An insurgent raid that penetrated an American outpost in eastern Afghanistan, killing nine soldiers, has deepened doubts about the U.S. military's effort to contain Islamic militants and keep locals on its side. The statement will likely strain already difficult relations between the two neighbors, whose shared porous border has become a safe-heaven for Taliban, al-Qaida and other militant groups, whose attacks have killed thousands and are threatening the stability of both countries.
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ABC News: Darfur Genocide Warrant for Sudan Pres. (World, 27 articles)
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Top Sudanese officials will soon face war crimes charges after the international prosecutor declared the "whole state apparatus" responsible for a campaign of rape and pillage in Darfur. The filing marked the first time prosecutors at the world's first permanent, global war crimes court have issued charges against a sitting head of state, but al-Bashir is unlikely to be sent to The Hague any time soon. (CNN) The prosecutor of the International Criminal Court is seeking the arrest of Sudanese President Omar Hassan al-Bashir on charges of genocide in a five-year campaign of violence in the country's Darfur region.
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