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Recession erodes conveniences shoppers got used to

First came the housing bust, followed by eroding job security and dwindling retirement accounts.

Obama declares U.S. not at war with Islam

ANKARA, Turkey — Barack Obama, making his first visit to a Muslim nation as president, declared Monday the United States "is not and will never be at war with Islam."

Three slain Pittsburgh officers to lie in state

PITTSBURGH — The bodies of three slain Pittsburgh police officers will lie in state at a downtown municipal building, city officials announced Monday.

Fed 'extremely uncomfortable' about bailouts

While acknowledging that the Federal Reserve was "extremely uncomfortable" about last year's bailouts of big financial companies, Fed Chairman Ben Bernanke said Friday the central bank's strategy to ease the financial crisis is working.

Iowa high court legalizes gay marriage in state

DES MOINES, Iowa — Iowa's Supreme Court legalized gay marriage Friday in a unanimous and emphatic decision that makes Iowa the third state — and the first in the nation's heartland — to allow same-sex couples to wed.

Obama pledges new U.S. relations with Europe

STRASBOURG, France — Welcomed with thunderous cheers, President Barack Obama pledged on Friday to repair damaged relations with Europe, saying the world came together following the 2001 terrorist attacks but then "we got sidetracked by Iraq."

Government sees loan defaults rise

WASHINGTON — The number of troubled loans backed by the government's mortgage insurance program is on the rise as economic problems mount, and lawmakers are worried that taxpayers will be stuck with the final bill.

House, Senate poised to adopt pared-back budget

WASHINGTON — Democrats controlling the House and Senate are on track to give President Barack Obama a key victory by adopting slightly pared-back versions of his $3.6 trillion budget.

G-20 leaders eye more IMF funds, tighter rules

LONDON — Global leaders made headway Thursday on tackling the world financial crisis, with new clampdowns likely on tax havens and hedge funds and more funds heading to the International Monetary Fund so it can boost loans to struggling countries.

White House questions viability of GM, Chrysler

WASHINGTON – President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of
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