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A day after the U.S. Federal Reserve slashed a key interest rate, world markets were calmer. A steep two-day slide was triggered by fears of a U.S. recession, but it's unclear that a nationwide downturn is a certainty.

Stuck in third place in key early contests, Democrat John Edwards will abandon his second run at the White House. The former senator and vice-presidential candidate is expected to make the announcement Wednesday in New Orleans.

In Kenya, the sitting president and the runner-up held their first talks since the disputed Dec. 27 presidential election. Both men, along with mediator Kofi Annan, emerged from the meeting shaking hands and promising to work toward peace. But within hours, the opposition accused President Mwai Kibaki of being insincere.

After a weak third-place finish in Florida — a state he had counted on winning — former New York Mayor Rudy Giuliani is expected to drop out of the Republican presidential race. Reports indicate he will endorse Sen. John McCain.

The House has passed the economic stimulus package worked out last week by House leaders and the White House. However, the Senate Finance Committee has an alternative plan.

Sen. John McCain is officially the Republican presidential front-runner after a victory in Tuesday's winner-take-all Florida primary. What does this mean for Super Tuesday and the rest of the presidential race?

Sen. John McCain of Arizona builds momentum in the Republican presidential race with a victory in Tuesday's primary in Florida. The outcome is a blow to former Massachusetts Gov. Mitt Romney and appears to end former New York Mayor Rudy Giuliani's White House hopes.

On Feb. 5, more than 20 states host presidential primary contests. How are voters in three diverse states — Alabama, Arizona and California — feeling about their choices?

In 2000, Sergei Tretyakov became one of the highest-ranking Russian spies ever to defect to the United States. Pete Earley, author of a new book about Tretyakov called Comrade J, and the former Russian spy discuss his case and his motivation.

Tuesday's Florida primary is a major focus for Republican presidential hopefuls, who are vying for a big chunk of delegates. And Sen. Hillary Clinton seeks to revive the relevance of a discarded Democratic contest.