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- Fed joins global scramble to contain credit crisis
NEW YORK (Reuters) - Countries scrambled to slow the growing global financial crisis on Tuesday and Wall Street braced for the day after a massive sell-off, nervous about corporate earnings and hoping Fed Chairman Ben Bernanke might offer a ray of hope.
- Obama has 3-point national lead on McCain
NASHVILLE, Tennessee (Reuters) - Democrat Barack Obama has a narrow 3-point lead in the U.S. presidential race on Republican John McCain less than a month before the election, according to a Reuters/C-SPAN/Zogby poll released on Tuesday.
- Fed creates commercial paper-buying facility
WASHINGTON (Reuters) - The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets.
- AIG had early warnings on risk: lawmaker
WASHINGTON (Reuters) - U.S. regulators sent a letter to American International Group Inc warning of its lack of transparency and ability to oversee its financial products in March, a top Democratic lawmaker said on Tuesday.
- Iran denies report U.S. plane forced to land
TEHRAN (Reuters) - A senior Iranian official denied on Tuesday a local news agency report that a U.S. military plane had violated the country's airspace and was forced to land, saying both the aircraft and the people on board were Hungarian.
- Household winter heat costs to rise 15 percent
WASHINGTON (Reuters) - Average household heating fuel costs this winter will be 15 percent higher than last year, with heating oil and natural gas users taking the biggest hit due to more expensive crude oil and colder weather than last winter, the government's top energy forecasting agency said Tuesday.
- Two Japanese and American win physics Nobel
STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for physics for discoveries in sub-atomic particles, the prize committee said on Tuesday.
- China slams U.S. arms sale to Taiwan
BEIJING (Reuters) - A $6.5 billion U.S. arms sale to Taiwan has ruined years of work building trust with China, China said on Tuesday as the Pentagon voiced disappointment that Beijing had reacted by postponing military exchanges.
- U.S. says Afghan war comments "defeatist"
KABUL (Reuters) - Britain's military commander and ambassador in Afghanistan are being "defeatist" by thinking the war cannot be won, U.S. Defense Secretary Robert Gates said, as Washington seeks more troops for the conflict that started exactly seven years ago.
- UK banks in government funding talks as crisis grips
LONDON (Reuters) - Britain will hold more talks with banks this week over a possible multi-billion pound injection of public funds, industry sources said as the credit crisis tightened its grip on Europe's main financial center.
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