Deflation poses economic threat
Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral called deflation. Here's what's at stake.
U.S. shifts its approach in Iraq
With violence down sharply this year, the U.S. military is broadening its efforts to reconcile Sunnis and Shiites.
Oil hits 3-year low; gas at $2 in 23 states
Oil prices on hit levels not seen in more than three years and retail gas prices are now below $2 across nearly half of the country on dour reports suggesting an economic pullback.
Congress demands plan for auto aid
Democratic leaders in Congress decided to delay a vote to bail out automakers until December and will first demand the Big Three show how the funds would transform the industry.
NYT: Daschle poses conflict-of-interest test
The choice of Tom Daschle for secretary of health and human services poses questions about how broadly Barack Obama will apply campaign promises to limit conflicts of interest among appointees.
Pakistan summons U.S. envoy
Pakistan summoned the U.S. ambassador Thursday to protest a suspected U.S. missile strike deep inside its territory as militants threatened revenge attacks unless the cross-border raids stop.
Over 1,000 melamine babies still in hospitals
Over a thousand Chinese infants are still in hospital receiving treatment for kidney damage caused by tainted milk, China's Health Ministry said.
Governors pledge fight on global warming
Gov. Arnold Schwarzenegger, his counterparts in 12 states and regional leaders from four other countries signed a declaration Wednesday pledging to work together to combat global warming.
3 airports opening new runways
At some major U.S. airports today, you'd hardly know there's an economic slowdown. In Seattle, Chicago and near Washington, D.C., new runways are being opened up today. This, despite a projected 10 percent drop in domestic flights this winter.
Holder's ascent revives pardon furor
Eric Holder is in line for nomination by President-elect Barack Obama to the attorney general's job that Holder has long wanted, but a 2001 episode with fugitive financier Marc Rich is stirring partisan acrimony.
