Obama plan seeks stronger Fed role in financial overhaul
The Obama administration proposed boosting Federal Reserve oversight and curbing risky securit ies to restore lending. It would require large institutions with systemic risk to be Fed supervised, create a regulator council, and tighten investor protection while leaving some changes for Congress. Gen McChrystal assumes command of U S and NATO troops in Kabul.
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McChrystal to lead 42 nation Afghan war effort
Defense Secretary Gates assigns Gen. Stanley McChrystal to command the 42 nation campaign in Kabul as violence and U.S. deaths peak. The move, ending Gen. McKiernan's two year tenure, signals a shift toward a more unconventional counterinsurgency approach drawing on special operations experience.
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Space shuttle Endeavour launch delayed to Wednesday
NASA will attempt to launch space shuttle Endeavour on Wednesday after fixing a hydrogen gas leak that canceled the first try. Officials moved a lunar mission to free the schedule, delaying an Atlas V moon mission to no earlier than Thursday with potential slip to Friday if countdown proceeds smoothly.
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