WASHINGTON - The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President Bush planned to announce the details Tuesday morning.
WASHINGTON - John McCain said Monday that it was unfair for Rep. John Lewis to compare the negative tone of the Republican presidential campaign to the atmosphere a segregationist fostered in the 1960s.
LOS ANGELES - Two huge wildfires driven by strong Santa Ana winds burned into neighborhoods near Los Angeles on Monday, forcing frantic evacuations on smoke- and traffic-choked highways, destroying homes and causing at least two deaths.