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Ike weakens, but Gulf drama lies ahead Forecasters downgraded Hurricane Ike, weakened by several hours over eastern Cuba, to Category 2 storm status early Monday. Rains and flooding from Ike have killed at least 73 people in Haiti.
U.S. seizes two mortgage giants Federal officials today announced an extraordinary takeover of troubled mortgage giants Fannie Mae and Freddie Mac, signaling a dramatic move to shore up the nation's housing market. The historic takeover of the duo is aimed at heading off what President Bush says would have been an "unacceptable" risk of failure for the economy.
McCain vows to have Democrats in Cabinet Promising a "very bipartisan approach" to how he'll run his administration, Sen. John McCain said in an interview broadcast Sunday that he would appoint Democrats to his Cabinet.