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Bernanke: Crisis could prolong economic pain

AP - 5 minutes ago

WASHINGTON - Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.

Former CEO of AIG Martin Sullivan, center, is set to testify later today before the House Oversight and Government Reform Committee on Capitol Hill in Washington, Tuesday, Oct. 7, 2008. (AP Photo/Lawrence Jackson)

AIG role in market crisis probed

AP - 1 hour, 6 minutes ago

WASHINGTON - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.

Republican presidential nominee Senator John McCain (R-AZ) (L) and Democratic presidential nominee Senator Barack Obama (D-IL) stand together onstage after the first U.S. presidential debate in Oxford, Mississippi, September 26, 2008.   REUTERS/Jim Bourg

Second debate a key opportunity

AP - 20 minutes ago

WASHINGTON - The winner of Tuesday night's presidential debate is the candidate who can best use his performance to boost his standing with voters. For Republican John McCain, that means slowing if not reversing Democrat Barack Obama's edge in national and swing-state polls.

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