Obama eyeing big tax cut

President-elect Barack Obama met  with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion.

What recession? CES has stuff worth seeing
The recession figures to tone down the flashiness of this week's International Consumer Electronics Show, but the lineup of innovative products likely will measure up to those of past years.

U.S. Embassy in Baghdad inaugurated

The United States opened its new embassy building in Baghdad on Monday, a step meant to symbolize its transition from occupying power to an ally of a sovereign Iraqi government.

5 killed in fire at Texas homeless shelter

Fire tore through a small-town homeless shelter early Monday, partially collapsing the building and killing five men, fire officials said.

Premium tuna fetches $100,000 at auction

Two sushi bar owners paid more than $100,000 for a Japanese bluefin tuna at a Tokyo fish auction Monday, several times the average price and the highest in nearly a decade, market officials said.

Scribner to publish Laura Bush's memoir

The first lady is finally telling her side of the story. Laura Bush's memoir, which is expected to be published in 2010, will provide an intimate account of her eight years in the White House, revealing her recollections of personal and historical moments.

Greek cop wounded in shooting

Gunmen shot and seriously wounded a policeman in Athens on Monday, the second such attack since police shot dead a teenager last month prompting Greece's worst riots in decades.

U.S. tourist stabbed in Rome
An American tourist from California is in serious condition in a Rome hospital after being stabbed outside a bar in downtown Rome.