PRESS DIGEST - Washington Post - March 19
WASHINGTON, March 19 (Reuters) - Washington Post included the following items on its front page on March 19. Reuters has not verified these stories and does not vouch for their accuracy.
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The Federal Reserve took another aggressive step in its campaign to prevent a deep and devastating recession, cutting a key interest rate by three-quarters of a percentage point. The stock market staged its biggest rally in five years.
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The Federal Reserve Board's rate cut Tuesday increased the chances that months of Fed moves could start to trickle down to homeowners in time to ease the pain when adjustable-rate mortgages reset this year.
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PHILADELPHIA - Sen. Barack Obama delivered a blunt and deeply personal speech about racial division in America as he sought to quell a political controversy stirred by his former pastor that threatens to engulf his presidential candidacy.
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A majority of the Supreme Court indicated a readiness to settle decades of constitutional debate over the meaning of the Second Amendment by declaring that it provides an individual right to own a gun for self-defense.
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For a majority of Americans, Wednesday marks the fifth anniversary of the start of an Iraq war that was not worth fighting, one that has cost thousands of lives and more than half a trillion dollars. For the Bush administration, however, it is the first anniversary of an Iraq strategy that it believes has finally started to succeed.
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