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U.S. to take control of Fannie and Freddie: reports
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history.

McCain and Obama clash
CEDARBURG, Wisconsin (Reuters) - Presidential rivals John McCain and Barack Obama, back on the campaign trail after their party conventions, clashed over the ailing U.S. economy on Friday as unemployment hit its highest monthly rate in nearly five years.

U.S. urges N.Korea to make next move
BEIJING (Reuters) - The United States remains willing to remove North Korea from a list of terror-sponsoring states as soon as the North agrees rules to check its nuclear disclosures, Washington's envoy in disarmament talks said on Saturday.


 

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