$700 billion requested for mortgage bailout

Bush administration requests taxpayer money in order to end economy's serious financial crisis

By Kevin G. Hall

WASHINGTON D.C. (MCT) - The Bush administration on Saturday asked Congress for $700 billion in taxpayer money to get bad mortgage assets off the books of troubled financial institutions in a bid to end the U.S. economy's most serious financial crisis since the Great Depression, according to a draft of proposed legislation circulating in the capital.

Pakistan truck bomb devastates hotel

By Saeed Shah

Pakistan truck bomb kills 40 at the Marriott Hotel in Islambad.