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  • Federal Reserve Chairman Ben Bernanke signals the Fed is ready to cut interest rates in the face of mounting risks to the U.S. economy. Rising unemployment, high oil prices and a decline in manufacturing pressure the White House to keep the economy from lapsing into recession.
  • On Monday, federal agents reportedly searched the home of Sen. Ted Stevens (R-Alaska), just outside Anchorage. The subject of the probe is a 2000 renovation job that was overseen by an executive from a prominent local oil services company.
  • The White House revealed a large aid package for the Middle East on Monday. The announcement was made hours before Secretary of State Condoleezza Rice and Defense Secretary Robert Gates left for the region, with an ambitious agenda.
  • There has not been any contact with the six trapped coal miners in southern Utah. The effort to free them is in its second day. There's no shortage of hope or determination among the hundreds of rescuers who have converged near the town of Huntington.
  • Chinese and Olympic officials are set to mark a year-long countdown to the Beijing Olympic Games, which begins on 08/08/08. China wants to spotlight its international prominence, but concerns remain about its pollution, traffic, and food safety.
  • The bipartisan members will introduce a resolution in Congress commemorating the second anniversary of the protests. They say plenty of work remains to liberate Cubans from the communist regime.
  • Senators debate U.S. involvement in Iraq through the night, and will begin voting Wednesay on a proposal to pull out troops by April. Some senators want to wait for a key military report due in September, others want to act now.
  • The founder of Blackwater USA defends his private security company against charges of covering up Iraqi civilian deaths. Erik Prince is testifying before a congressional panel.
  • France, Denmark and Indonesia pledge to contribute to a United Nations mission to Darfur, Sudan. The U.N. will send up to 26,000 peacekeepers to the region in an attempt to end the conflict that has killed more than 200,000 people in the last four years.
  • The House Oversight and Government Reform Committee hears testimony from ex-Secretary of Defense Donald H. Rumsfeld in the inquiry into Army Ranger Pat Tillman's death by friendly fire in Afghanistan. Lawmakers want to know how far up the chain of command a cover-up went.
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