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The Federal Reserve's decision to extend credit to the ailing investment bank Bear Stearns is an unprecedented move. And the Fed took additional steps to address a crisis of confidence on Wall Street.

British Prime Minister Gordon Brown is visiting the United States this week. Brown will meet with President Bush and all three U.S. presidential candidates, but he has also focused his trip on the current economic downturn.

Speaking from the Oval Office, President Bush says Iraq needs a U.S. military presence that will last beyond his time in office. In the short term, he calls for modest reductions to bring 5,700 military personnel home by Christmas.

President Bush addresses the nation's housing downturn as the White House puts together a plan with lenders to help homeowners facing sharply higher mortgage interest rates.

A new Justice Department report says that politics illegally influenced the hiring of career prosecutors and immigration judges. The 140-page report issued Monday largely lays the blame on top aides to former Attorney General Alberto Gonzales.

Leaders from around the world gathered in Washington, D.C., over the weekend to discuss the global financial crisis. After the meeting, they issued a 10-page action plan for reform, enhancing regulation and reinforcing international cooperation.

As the Winter Olympics begin Friday, China is welcoming the world at a time when Beijing's aggressive foreign policy is creating friction with several other parts of the globe.

Daphne Merkin's new essay collection straddles the high/low cultural divide with aplomb. Reviewer Heller McAlpin says Lunches is unfailingly intelligent, but should be enjoyed in small bites.

In his 1973 debut novel, The Miernik Dossier, former CIA agent Charles McCarry combines a classic Cold War thriller with a road trip. Olen Steinhauer says it's one of the best spy novels ever written.

Set at the turn of the century within the grand houses of Princeton, The Accursed is populated with specters, demons and even a vampire. But the real monsters in Joyce Carol Oates' chilling tale are the members of Princeton's elite, who preach from the pulpits and judge without compassion.