
The Federal Reserve took aggressive action Thursday to try to reinvigorate the economy and generate more jobs, announcing a major program of purchasing $40 billion a month in mortgage bonds that it hopes will drive down interest rates to record lows and spur faster growth.

It is a tale of two tours: One for Mitt Romney, the other for those who pine to be his running mate.

President Obama's speech Friday to one of the country's largest Hispanic organizations has changed from a potential trip through the gantlet into what amounts to a victory lap after he announced last week that he was unilaterally halting deportations of young illegal immigrants.