AP - The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy.

AP - President Bush said Sunday that the historic federal government takeover of mortgage giants Fannie Mae and Freddie Mac is needed to keep them from failing, a risk he called "unacceptable" for an economy battered by housing and credit crises.

AP - Ike roared across low-lying islands Sunday as a Category 4 hurricane, destroying homes, sweeping away boats and bringing more rain to waterlogged communities in Haiti, where at least 48 people died in the floods.