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Fed ready to Slash Rates Amid Deepening Recession

Updated: 12/16/2008 - With the recession dragging down consumer prices and home construction, the Federal Reserve is prepared to slash a key interest rate — perhaps to an all-time low — in a desperate bid to stem the country's economic slide.

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Stocks Advance ahead of Fed Rate Decision

Updated: 12/16/2008 - Wall Street jockeyed for position Tuesday ahead of the Federal Reserve's decision on interest rates, which some investors believe will bring the key U.S. rate to the lowest level on record.

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Topeka Police Department is in Phase III

Updated: 12/16/2008 - Topeka Police Department is asking victims of non-injury accidents to move vehicles off the road if possible, exchange information, and report the accident within 24 hours.

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Mom Gets Probation for Dumping Baby

Updated: 12/16/2008 - A 19-year-old McPherson woman who left her 6-week-old daughter in a Dumpster in May and then told police the child was kidnapped is sentenced to 18 months of probation.

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Judge to Rule If Thurber Competent for Murder Trial

Updated: 12/16/2008 - A Cowley County judge is expected to decide Tuesday whether a 25-year-old Arkansas City man is competent to stand trial for capital murder in the death of 19-year-old Jodi Sanderholm.

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Ft Leavenworth Devises New Field Manual

Updated: 12/16/2008 - The Army has released its latest field manual on training, elevating the need for units to prepare to conduct stability operations during combat deployments.

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Combo Treatment for Prostate Cancer Cuts Deaths

Updated: 12/16/2008 - Treating advanced prostate cancer with radiation and hormone-blocking drugs cut the death rate in half in a study of Scandinavian men, researchers report.

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Police Find Dynamite at Paris Department Store

Updated: 12/16/2008 - Police acting on a warning Tuesday found a bundle of dynamite inside a Paris department store, and a group demanding that France withdraw from Afghanistan claimed responsibility.

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Official: Shoe-Thrower in Iraqi Judicial Custody

Updated: 12/16/2008 - The journalist who threw his shoes at President George W. Bush was handed over to the Iraqi judiciary, an Iraqi official said Tuesday, a move that ordinarily signals the start of criminal proceedings.

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Inflation Drops, Housing Starts Fall

Updated: 12/16/2008 - A record plunge in consumer prices in November puts pressure on the Federal Reserve to act decisively to guard against a debilitating bout of deflation.

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Snow Blankets Kan., Drivers Slow Down

Updated: 12/16/2008 - Snow will continue through the morning and should wind down this afternoon with 2-4 inches of accumulation expected. Roads are likely to be very slick on Tuesday.

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Prospect Of Impeachment Now Looms Over Blagojevich

Updated: 12/16/2008 - Illinois lawmakers were unanimous on how they should handle disgraced Gov. Rod Blagojevich - potential impeachment. And the embattled Democrat signaled he isn't going down without a fight.

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TNT Discovered At Famed Paris Department Store

Updated: 12/16/2008 - A group demanding that France withdraw its troops from Afghanistan claimed it planted dynamite found Tuesday at a major Paris department store, officials said.

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Tom Cruise Taking Risk With Nazi Film `Valkyrie'

Updated: 12/16/2008 - A Nazi-filled Christmas is not an easy sell. That's just one of the challenges Tom Cruise faces with his new World War II thriller "Valkyrie," which opens Dec. 25.

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Sources: Obama Chooses Chicago Schools Chief

Updated: 12/16/2008 - President-elect Barack Obama intends to name a big-city schools chief, Chicago's Arne Duncan, to help fix the country's ailing schools as education secretary, people familiar with the decision said.

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Over 2T Tons of Ice Melted In Arctic Since '03

Updated: 12/16/2008 - More than 2 trillion tons of land ice in Greenland, Antarctica and Alaska have melted since 2003, according to new NASA satellite data that show the latest signs of what scientists say is global warming.

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Australia OKs Facebook For Serving Lien Notice

Updated: 12/16/2008 - You've been "superpoked" - and served. A court in Australia has approved the use of Facebook, a popular social networking Web site, to notify a couple that they lost their home after defaulting on a loan.

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