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The Federal Reserve slashed the federal funds rate, charged on overnight loans between banks, by one-half a percentage point to 4.75 percent. Wall Street investors were happy. But for average people, the cut doesn't translate into that much money in their pockets.

Doctors in Boston say Sen. Ted Kennedy has a malignant brain tumor, the apparent cause of the seizure he suffered on Saturday. Kennedy has been resting at Boston's Massachusetts General Hospital since suffering the seizure at his Cape Cod home.

Pasang Dawa Sherpa reached the summit of the world's highest peak on Sunday for the 26th time. Since making his first successful of climb of the peak in 1998, Dawa has made the trip almost every year.

Just 48 hours after the Republican midterm victory, conservatives were debating whether it's better to try to change the law in the next Congress or lay the groundwork for 2012 when they could pursue a takeover of the Senate and White House.

House Speaker Mike Johnson's temporary spending plan has already been met with opposition from Democrats and some Republicans.

The debate in Washington, says the former president, is "all about 'is the government good or bad or taxes always good or bad?' "

BBC staff are on the first of two 48-hour strikes to protest pension changes. The walkout has disrupted many of the state-funded organization's broadcasts.

The court ruled unanimously that compulsory sterilization surgery for people who seek to legally change their gender is unconstitutional.

Cirque du Soleil is trading in its trademark worldbeat vibes for banjos and country two-step, for a new show to be unveiled next summer.

A month after auto workers first walked off the job, UAW President Shawn Fain said the union will be ready to call for an expansion of its strike against Big Three automakers at any time.