With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
Republicans swept the governor's races in New Jersey and Virginia Tuesday, ending Democratic rule in both states and launching what they hope will become a comeback heading into next year's mid-term elections for control of the U.S. Congress.
Dancers clad in animal skins opened a royal ceremony Tuesday, a nod to tradition for the forward-thinking kings, queens and chiefs who jetted in to Johannesburg from across Africa to launch an institute they hope will expand their roles on the continent.
The pace of job creation will lag even as the U.S. economy recovers, White House budget director Peter Orszag warned Tuesday, adding that the coming months "will continue to be difficult ones for American workers."
Billionaire Mayor Michael Bloomberg heads toward a third term bruised by a surprisingly close re-election battle that exposed lingering anger over his reversal on term limits and his prodigious campaign spending.