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AT&T To Cut 12,000 Jobs
AT&T says it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.
Treasury Department Considering Bold Mortgage Move
Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent, Scott Talbott, a vice president at the Financial Services Roundtable, said Wednesday. That's about one percentage point below the current rate of 5.6 percent.
Big 3 Automakers Return To Hill To Ask For Cash
U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their problem to the Federal Reserve.
Poll Shows Religion, Income Drove Prop 8 Vote
Voters' economic status and religious convictions played a greater role than race and age in determining whether they supported the Nov. 4 ballot measure outlawing same-sex marriage in California, a new poll shows.
U.S. Wants Pakistan To Crack Down On Militants
Secretary of State Condoleezza Rice flew into Pakistan Thursday to press the country's leaders to take a bold stand against the militants widely suspected of waging the deadly terror siege in Mumbai, India last week.
Reid: Carmaker Aid Bill Doesn't Have Needed Votes
Senate Majority Leader Harry Reid says the Democrats' plan to tap the
Wall Street rescue fund to save U.S. automakers doesn't have the votes
to pass. One day after Detroit's Big Three sent survival plans to Capitol Hill
in an urgent plea for $34 billion in government aid, Reid said there's
still not enough support in Congress for using some of the $700 billion
bailout to help the teetering carmakers.
Magnitude 6.1 Quake Hits Northern Japan
A 6.1-magnitude earthquake struck off the coast of northern Japan on
Thursday, the Meteorological Agency said. There were no immediate
reports of damage or casualties.
Collar Bomb Bank Robber Gets 45 Years
A man who took part in a bizarre bank robbery plot that turned deadly
when a bomb affixed to the neck of a pizza deliveryman exploded was
sentenced to 45 years in federal prison Wednesday.
U.S. Aid Sent To Fight Drug War In Mexico
The U.S. government has finally released the first part of a $400
million aid package to support Mexico's police and soldiers in their
fight against drug cartels. The money comes at a critical time: Mexico's death toll from drug violence has soared above 4,000 so far this year.
Tips To Steer Clear Of Medical Traps Online
When 45-year-old Melissa Offenhartz was diagnosed with breast cancer
last May, she went straight to her computer, CBS News medical
correspondent Dr. Jon LaPook reports.
