Democratic presidential candidate Senator Barack Obama (D-IL) campaigns at the CMW specialty metals factory in Indianapolis, Indiana, April 30, 2008. (John Gress/Reuters)
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Reuters

Obama hurt by furor over ex pastor: polls

Reuters - 39 minutes ago

WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama's loss in the Pennsylvania primary and the political firestorm over his former pastor have cut into his lead over rival Hillary Clinton among Democratic voters, according to polls released on Wednesday.

Traders on the floor at the New York Stock Exchange look at televisions during the broadcast of the announcement that the Federal Reserve cut interest rates, April 30, 2008. REUTERS/Brendan McDermid

Fed cuts rates as economy slumps, hoping to stop recession

AP - 2 hours, 12 minutes ago

WASHINGTON - Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years Wednesday as the nation teetered on the edge of recession.

In this May 1, 2003, file photo, President Bush declares the end of major combat in Iraq as he speaks aboard the aircraft carrier USS Abraham Lincoln off the California coast. The White House said Wednesday, April 30, 2008, that President Bush has paid a price for the 'Mission Accomplished' banner that was flown in triumph five years ago but later became a symbol of U.S. misjudgments and mistakes in the long and costly war in Iraq. (AP Photo/J. Scott Applewhite)

White House admits fault on 'Mission Accomplished' banner

AP - 1 hour, 27 minutes ago

WASHINGTON - The White House said Wednesday that President Bush has paid a price for the "Mission Accomplished" banner that was flown in triumph five years ago but later became a symbol of U.S. misjudgments and mistakes in the long and costly war in Iraq.

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