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Sen. Barack Obama has addressed the simmering controversy about racially charged remarks made by his longtime pastor. In his speech in Philadelphia Tuesday, Obama denounced the remarks and engaged in a conversation about the broader issues of race in America.

The Federal Reserve on Tuesday slashed a key interest rate by three-quarters of a point, making it cheaper for banks to borrow. Banks may eventually pass the savings to consumers in the form of lower interest rates for loans, but the interest that consumers earn on savings can also go down.

Democratic Gov. Eliot Spitzer's has only tepid support, even among his allies within New York's political establishment. Some Democratic officials have called for Spitzer's resignation. A Republican opponent has threatened impeachment if Spitzer doesn't resign.

The New York Times says federal prosecutors have wiretap evidence that New York Gov. Eliot Spitzer was a client in a prostitution ring. The first-term Democrat held a news conference and did not deny the allegations.

A routine financial inquiry led to the discovery of New York Gov. Eliot Spitzer's involvement in a high-priced prostitution ring. How do banks scrutinize the transactions of their customers, particularly "PEPs" — politically exposed people?

Sen. Barack Obama topped Democratic rival Hillary Clinton in Tuesday's Mississippi primary. Despite overwhelming support in the African-American community for Obama, exit polls showed that he lost ground with white voters in what turned out to be the most racially polarized vote so far.

The face of gang members taking over the streets in Los Angeles is diversifying. Sam Quinones of The Los Angeles Times and Connie Rice, author of the new study "A Call to Action: A Case for a Comprehensive Solution to L.A.'s Gang Violence Epidemic," talk about the rise of Latino gangs in Los Angeles.

Former Thai Prime Minister Thaksin Shinawatra pleads not guilty to corruption charges after returning from exile. He remains very popular, particularly among Thailand's rural people and urban poor for his financial and social welfare policies.

Tom Groos, chairman of Viking Group Inc., which makes fire suppression equipment such as sprinklers and fire extinguishers, says the dollar's falling value hasn't hurt his company. But overseas business travel does cause sticker shock now, he says.

The Bush Administration unveiled its plan Thursday for overhauling the vast regulatory system to prevent another crisis in the nation's credit markets. It said banks, mortgage companies, investors and credit-rating agencies all share in the blame, and it proposed that mortgage brokers be licensed and added new voluntary guidelines.