AP Top News at 10:00 p.m. EST
57 minutes ago
WASHINGTON (AP) Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news and a fresh batch of bad economic reports tanking nearly 680 points. With the economic pain likely to stretch well into 2009, Federal Reserve Chairman Ben Bernanke said Monday he stands ready to lower interest rates yet againto explore other rescue or revival measures. Rushing in reinforcements, rock n roll tattoo Treasury Secretary Henry Paulson, ornament tattoo who along with Bernanke has been leading the government's efforts to stem the worst financial crisis since the 1930s, snoopy tattoo pledged to take all the steps he can in the waning days of the Bush administration to provide relief. SpecificallyPaulson is eyeing more ways to tap into a $700 billion financial bailout pool.
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