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Officials announce takeover of mortgage giants (AP)

Treasury Secretary Henry Paulson, Jr., left, speaks during a news conference with Federal Housing Finance Agency Director James Lockhart, right, in Washington, Sunday, Sept. 7, 2008 on the bailout of mortgage giants Fannie Mae and Freddie Mac. (AP Photo/Susan Walsh)AP - The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.



Ike blasts Turks and Caicos, floods Haiti again (AP)

Hurricane Ike blows through the trees just after daybreak on the island of Providenciales, in the Turks & Caicos Islands, Sunday, Sept. 7, 2008. Ike roared across the low-lying Turks and Caicos island chain before dawn Sunday as people in the British territory sought refuge in emergency shelters or in their homes. (AP Photo/Brennan Linsley)AP - Ike ripped off roofs, swept away boats and collapsed a bridge on the last road into a flooded Haitian city on Sunday as it roared over the southern Bahamas as a ferocious Category 4 hurricane. The Florida Keys evacuated and Cuba prepared for a direct hit.



Powerful Hurricane Ike looms as trouble for Gulf (AP)

This image provided by NOAA taken at 11:45 p.m. EDT Saturday Sept. 6, 2008 shows Hurricane Ike over the Turks and Caicos. At 200 a.m. EDT the large eye of hurricane ike was located over the Turks iand Caicos Islands and about 115 miles east of Great Inagua Island in the southeastern Bahamas. Ike is moving on a motion just south of due west near 15 mph. A west to west-southwest motion is expected to continue today with a turn toward the west-northwest expected on Monday.  On this track the core of the hurricane will move over or near the southeastern Bahamas this morning and move near or over eastern Cuba tonight and early Monday. Maximum sustained winds remain near 135 mph with higher gusts.  Ike is an extremely dangerous Category Four Hurricane according to forecasters. Some strengthening is possible before Ike moves over eastern Cuba. (AP Photo/NOAA)AP - Powerful Hurricane Ike rolled down an uncertain path Sunday that may lead to the U.S. Gulf Coast late this week, forcing emergency officials to pay attention and leaving millions of people from Florida to Mexico to wonder where it will eventually strike.



Obama: Recession could delay rescinding tax cuts (AP)

Democratic presidential candidate, Sen. Barack Obama, D-Ill., talks about the troubled mortgage finance companies Fannie Mae and Freddie Mac during a news conference at the Wabash Valley Fairgrounds in Terre Haute, Ind., Saturday, Sept. 6, 2008.  (AP Photo/Chris Carlson)AP - Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.



Auto industry to press Congress for $50B in loans (AP)

In this March 19, 2008 file photo, a Toyota Prius promotes hybrid technology at the New York International Auto Show. Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles.    (AP Photo/Mark Lennihan, File)AP - Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles.





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