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Fed leaves key rate unchanged

Updated: 09/16/2008 - The Federal Reserve says strains in financial markets have "increased significantly" but it kept a key interest rate unchanged. Stay connected to Volunteer TV News and for continuing coverage of this developing news story.

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Judge: Woman in Iraqi spy case unfit for trial

Posted: 09/16/2008 - A judge in New York has ruled that a former congressional aide accused of helping an Iraqi spy agency while Saddam Hussein was in power is mentally unfit for trial.

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Credit Suisse settles NY auction-rate probe

Posted: 09/16/2008 - Credit Suisse Group will buy back $548 million in auction-rate securities and pay a $15 million fine to settle a probe into the sale of the risky investments, the New York State attorney general's office says.

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AIG shares under pressure as company struggles

Posted: 09/16/2008 - Shares of American International Group have dropped again today. Investors have questioned whether the insurance giant will be able to come up with more money and help avoid touching off additional financial turmoil.

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Commander says many more US troop are needed soon

Posted: 09/16/2008 - The commander of international forces in Afghanistan says that in addition to the Army combat brigade that President Bush is sending as a reinforcement in January, there is a need for three additional brigades in 2009.

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Pakistan orders troops to open fire if US raids

Posted: 09/16/2008 - The Pentagon says Islamabad will "correct the record" on a statement ordering the Pakistani military to open fire if U.S. troops launch another air or ground raid across the Afghan border.

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Court delayed in pregnant soldier death

Posted: 09/16/2008 - A scheduled court hearing has been delayed for a Fort Bragg soldier charged with murder in death of a soldier pregnant with his child.

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Crude drops well below $100

Posted: 09/16/2008 - Oil prices continue their steep slide. Benchmark crude has dipped below $93 a barrel as traders bet that a global slowdown will put a dent in energy consumption.

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Ameren: Illinois outages winnowed to few hundred

Posted: 09/16/2008 - Ameren says only a few hundred customers in Illinois are still without power, two days after Hurricane Ike's windy remnants left tens of thousands of outages in the state.

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Goldman posts worst quarter since going public

Posted: 09/16/2008 - It is the larger of the nation's two remaining major independent investment banks. Goldman Sachs Group has reported its worst slump in profits since going public in 1999.

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Fed pumps $70B into nation's financial system

Posted: 09/16/2008 - Urgently trying to keep cash flowing amid a financial meltdown, the Federal Reserve has pumped another 70 billion dollars into the nation's financial system.

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Gates travels to Afghanistan for war update

Posted: 09/16/2008 - U.S. Defense Secretary Robert Gates is in Afghanistan, where he's getting an update on a war that has not gone as well as American commanders have planned.

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NC soldier expected in court

Posted: 09/16/2008 - A Fort Bragg soldier accused of murder in the death of the soldier pregnant with his child is expected in court.

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Somber procession planned for new Minneapolis span

Posted: 09/15/2008 - A slow, somber procession of motorists across the Mississippi River Thursday will mark the opening of the new bridge replacing one that collapsed last year, killing 13 people.

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Sheetz says its fuel shortages could last days

Posted: 09/15/2008 - The Sheetz convenience store chain says it could be several days before some of its outlets are restocked with gasoline after a supply disruption caused by Hurricane Ike.

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