February 28, 2008

Earlybird Roundup: Kenyan Rivals Sign Deal; Bernanke Sounds Alarm

World. Rivals in Kenya have signed a deal forming a coalition government, ending the violence that has killed 1,500 since the disputed elections in December.

Administration. President Bush appointed the first U.S. special envoy to the Organization of the Islamic Conference -- a Texas Muslim named Sada Cumber.

Courts. The Supreme Court yesterday heard arguments on Exxon Mobil's appeal of a $2.5 billion award to those harmed by the 1989 Exxon Valdez oil spill.

Congress. A bill that would more than triple the funding for the global AIDS initiative got a stamp of approval from both parties in the House as well as the White House yesterday.

Economy. During testimony on the Hill yesterday, Federal Reserve Chairman Ben Bernanke told lawmakers that he is concerned about the economic downturn and that the Fed would consider further cuts in interest rates.

Iraq. Turkey is ignoring U.S. demands to end its incursion into Kurdish-controlled northern Iraq.

See Earlybird (subscription) for more of this morning's headlines.

Posted at 9:16 AM
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