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  • Sen. Hillary Clinton has called it quits, 502 days after launching what at the time seemed an unstoppable bid for the presidency. On Saturday, she spoke in Washington, D.C., promising to work her heart out to help Sen. Barack Obama win in November. But not all of her supporters were eager to follow suit.
  • Sarah Palin was thought to be a pick of potentially high risk and high reward when she was named John McCain's running mate. So far, the reward has been that she has galvanized the base and boosted the campaign's fundraising. But the potential risks of a largely unknown candidate also were on display Monday.
  • Pakistan's outgoing President Pervez Musharraf was a close U.S. ally in the fight against al-Qaida. But critics say the Bush administration relied on him too much, and that he didn't do enough to rein in the Taliban. With Musharraf out, Pakistan is expected to concentrate on preventing extremism inside Pakistan rather than across the border.
  • The Democratic National Convention was gaveled to order Monday in Denver. The convention gives Barack Obama an opportunity to reassure voters about his values and readiness to be president. That task began Monday when an ailing Ted Kennedy passed the torch to Obama, and then Michelle Obama spoke about her husband.
  • President Obama used a prime-time news conference Wednesday night to try to win support for major changes to the nation's health care system. With polls showing the public wary of his handling of the issue, Obama tried to allay the concerns of those who now have health insurance and fear their coverage will be reduced.
  • A week after two hedge fund managers were arrested in connection with the subprime mortgage meltdown, federal prosecutors may add to the indictments against the former Bear Stearns financiers. Investigators are trying to determine whether the men misled banks including Merrill Lynch, Barclays and Bank of America.
  • Federal authorities announced Monday that they had broken up a neo-Nazi plot to assassinate presidential candidate Barack Obama. The plan involved two white supremacists, and authorities say Obama was never in any danger.
  • Although many governments in South America boast that aggressive saving and thriving commodities trading have been a buffer against economic hard times, the turmoil in the U.S. financial industry is starting to deflate those arguments.
  • History was made Wednesday in Denver as a major political party for the first time nominated a black man to be president of the United States. Barack Obama will accept the nomination Thursday at the pary's convention. Early on, his campaign was propelled by his opposition to the Iraq war, but it succeeded for reasons well beyond the war.
  • President Obama blasted insurance giant AIG yesterday for plans to pay millions in executive bonuses. The multimillion dollar payouts are planned despite the company's dire financial health and its reliance on federal bailout funds. Money coach Alvin Hall and Alan Hughes, of Black Enterprise magazine, discuss whether the government can force AIG to suspend its plans to dole out the big bucks.
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