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USA UK and Malta News
19/10/2008 - 20:47

USA Today Editoweb 19 october 2008

AP IMPACT: Mortgage firm arranged stealth campaign - AP IMPACT: Mortgage firm arranged stealth campaign - Obama raises stunning $150 million in September.



AP IMPACT: Mortgage firm arranged stealth campaign

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

Obama raises stunning $150 million in September

Barack Obama raised more than $150 million in September, a stunning and unprecedented eruption of political giving that has given him a wide spending advantage over rival John McCain.

Colin Powell endorses Barack Obama for president

Colin Powell, a Republican who was President Bush's first secretary of state, endorsed Democrat Barack Obama for president Sunday and criticized the tone of Republican John McCain's campaign.

White House aide says parts of US in recession

One of President Bush's top economic advisers said Sunday that parts of the country probably already are experiencing a recession and it could take a few months before the clogged credit system starts working again.

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