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Treasury announces debt auctions for Fed

Posted: 09/17/2008 - The Treasury Department has announced that in an effort to help the Federal Reserve deal with unprecedented borrowing needs resulting from the current credit crisis, it will begin auctioning debt for the central bank.

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Ike leaves Midwest in the dark after rain, winds

Updated: 09/17/2008 - Facing a third straight day without power, residents across the Midwest are are making sure things like batteries, generators, ice and coolers don't stay on store shelves very long.

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Housing construction drops 6.2 percent in August

Posted: 09/17/2008 - Government data show construction of new homes and apartments fell by a larger-than-expected amount in August, pushing activity to the lowest level in 17 years.

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US official: Up to 5 explosions at Yemen embassy

Posted: 09/17/2008 - The White House is calling today's deadly bombings outside the American embassy in Yemen a reminder of the danger from "violent extremists both at home and abroad."

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US puts Bolivia on drugs blacklist

Posted: 09/16/2008 - President Bush has determined that Bolivia is no longer cooperating in the war against drugs and has placed the Latin American country on a counter-narcotics blacklist that could result in aid cuts.

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US organizing evacuation flights from Bolivia

Posted: 09/16/2008 - The State Department is organizing at least two evacuation flights for Americans who want to leave Bolivia amid widespread and worsening political unrest there.

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White House scraps press coverage of Bush meeting

Posted: 09/16/2008 - With Wall Street in turmoil, the White House has canceled any press coverage of President Bush's meeting with his chief advisory group on the reeling financial markets.

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Stocks end higher after Fed keeps rates unchanged

Posted: 09/16/2008 - Wall Street has ended another tumultuous day with a big gain, partly recovering from its worst sell-off in years after the Federal Reserve said it was keeping interest rates steady. The Fed soothed fears of a worsening financial crisis even as the market waited to learn the fate of troubled insurer American International Group Inc.

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Cuba artists ask US to ease sanctions after storms

Posted: 09/16/2008 - Hundreds of Cuban writers, musicians and artists are asking the U.S. to ease trade restrictions and speed the import of food and building supplies to help the island rebuild after Hurricanes Ike and Gustav.

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NTSB conducts visibility test at train crash site

Posted: 09/16/2008 - Federal investigators are conducting their final site tests along the section of track where a Los Angeles commuter train crashed head-on with a freight train last Friday.

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Officials consider ordering holdouts off battered island

Posted: 09/16/2008 - Government officials say the few hundred holdouts on Bolivar Peninsula near Galveston, Texas, will have to leave in the next few days. Galveston County Judge Jim Yarbrough says the roughly 250 "old timers who aren't going to want to leave" may have to be ordered off the barrier island that was decimated by Hurricane Ike.

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AP source: Barclays to acquire Lehman assets

Posted: 09/16/2008 - A person briefed on talks between Barclays PLC and Lehman Brothers Holdings Inc. says the British bank has agreed to buy at least some investment banking and trading operations of the securities firm.

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Man sentenced in woman's strangulation

Posted: 09/16/2008 - A Greensboro man has been sentenced to at least 13 years in prison as part of a plea deal for fatally choking his 27-year-old ex-girlfriend.

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FDA blocks imports from India's generic drug giant

Posted: 09/16/2008 - The government is closing U.S. borders to more than 30 generic drugs -- including popular antibiotics and cholesterol medicines -- made by India's drug giant Ranbaxy Laboratories because of poor quality in two of its factories.

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Ex-immigration official pleads to corruption

Posted: 09/16/2008 - A former federal official accused of accepting bribes to release illegal immigrants has pleaded guilty to federal corruption charges in Detroit.

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Defense probe says allegations unsubstantiated

Posted: 09/16/2008 - The Defense Department inspector general determined Lt. Gen. Frank Kearney acted properly in bringing murder charges against two Fort Bragg Special Forces soldiers.

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