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Six foreign medics are resting up at the Bulgarian presidential residence after a harrowing eight-year ordeal in Libya. They had been imprisoned since 1999, accused of deliberately infecting children with HIV in a Libyan hospital.

The Federal Reserve has taken a bold step to infuse Wall Street investment banks with cash, cutting its emergency lending rate to banks by a quarter-point. It also approved the sale of investment bank Bear Stearns to rival JP Morgan Chase for what can only be described as a rock-bottom price.

The Federal Reserve swooped in quickly to prevent Wall Street titan Bear Stearns from going bust and triggering a panic on Wall Street. It's not a bailout in the sense of a taxpayer rescue of a corporation. But it is part of a more activist approach to the credit crisis by both the Fed and the Bush administration's economic team.

A U.S. government plan to restore confidence in Fannie Mae and Freddie Mac would temporarily raise the Treasury Department's credit line to the two mortgage financiers. The idea is to shore up the companies' finances and keep money flowing to the mortgage market. What does this mean for mortgage holders and taxpayers?

The Federal Reserve Bank moved Wednesday morning to ease a global credit crisis, announcing a plans to offer $40 billion in emergency funds to banks through an auction process. The move was coordinated with other major central banks and is designed to increase liquidity around the globe.

Coordinated car bombings in the southern Iraqi city left at least 40 dead and more than 100 wounded. Earlier this year, British forces handed over security duties in the province to Iraqi government troops. A similar handover in neighboring Basra is set for next week, raising fears of more violence in the largely Shiite region.

CIA Director Michael Hayden testifies today before the Senate Intelligence Committee about the videotaping of the agency's interrogations of detainees. Those tapes were subsequently destroyed, and members of Congress from both parties hope to use the closed door session to find out why.

After marathon talks in Bali, Indonesia, the U.N. climate conference agreed Saturday on a roadmap for negotiations for a new treaty to combat global warming. The conference nearly broke down, but in a last-minute compromise, the U.S. signed the pact.

A poll of likely caucus voters in Iowa indicates Republican Mike Huckabee has opened up a lead over Mitt Romney. On the Democratic side, the poll gives Barack Obama a slight edge over Hillary Clinton and John Edwards, but that race is still very close.

President Bush in a speech in Charleston, S.C., defended the Iraq war, saying that it's linked to the broader battle against al-Qaida. The President cited newly declassified intelligence in his response to criticism of the war.