Powerful Hurricane Ike looms as trouble for Gulf

AP - 32 minutes ago

KEY WEST, Fla. - 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.

A lone boatman heads into a protective cove in Bridgport, Conn. Saturday, Sept. 5, 2008 as sailboats are secured for Tropical Storm Hanna. (AP Photo/Douglas Healey)

Hanna rolls into Connecticut with heavy rain

AP - Sun Sep 7, 6:36 AM ET

HARTFORD, Conn. - Tropical Storm Hanna rolled into Connecticut on Sunday, bringing heavy rain, wind gusts and oppressive humidity.

Secretary of the Treasury Henry Paulson testifies before the U.S. Senate Banking Committee on Capitol Hill in Washington, July 15, 2008. (Larry Downing/Reuters)

Government takes control of embattled Fannie, Freddie

Reuters - 19 minutes ago

WASHINGTON (Reuters) - The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac , effectively wiping out shareholders' interest in the publicly traded companies.

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