Obama: Pass stimulus or recession lasts 'years'

President-elect Barack Obama was set to warn that the nation's recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the U.S. economy.

Rockets from Lebanon hit Israel

Lebanese militants fired at least three rockets into Israel early Thursday, threatening to open a new front for the Jewish state as it pushed forward with a bloody offensive in the Gaza Strip.

NYT: Bush's homeland security setup faces ax

Barack Obama is reportedly preparing to scrap the way President Bush oversaw domestic security in the White House and name a former CIA official to coordinate counterterrorism.

On a tight budget? Apply to Harvard

The nation's top colleges have gotten to be so expensive that only the wealthiest families can possibly afford them, especially during bleak economic times like these. Right? Not necessarily. A new report shows that such schools might not be as costly as you think.

Celtics' woes hit home, Rockets win at Garden

Von Wafer hit a 3-pointer with 44 seconds left to give Houston the lead and the Rockets beat Boston 89-85 on Wednesday night.

Scoop: Stars will shine at inaugural

Celebrities aren't very interested in what they will wear to upcoming awards shows — they're already looking ahead to the outfits they'll don for Barack Obama's inauguration.

C-sections best for baby when close to due date

Babies do better after a scheduled Caesarean section if they're born no sooner than seven days before their due date, a new large study of U.S. births shows.

Thousands told to flee Wash. floods

Rain and high winds lashed Washington state, causing widespread avalanches, mudslides, flooding and road closures as the heavy snowfall that has buried parts of the state began to rapidly melt.

U.K. slashes interest rates to historic low
The Bank of England cut official interest rates by a half a percentage point to 1.5 percent on Thursday, the lowest level in its 315-year history.