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SelectPlusAP Top StoriesAP Top StoriesThe Associated PressHere's the latest news for Monday, July 14: Treasury announces plans for Fannie Mae and Freddie Mac; IndyMac set to reopen; 9 U.S. troops killed in Afghanistan; Miss USA falls at Miss Universe pageant[Notes:ANCHOR VOICE]This is A-P NewsMinute.The Treasury and the Fed take steps to shore up Fannie Mae and Freddie Mac.On Sunday... Secretary Henry Paulson outlined a proposal that...among other things...would expand the current line of credit to the 2 mortgage giants should they need to tap it. In a separate statement...the Federal Reserve said it's willing lend to Fannie and Freddie if they need additional funds.++ Just days after it was seized by federal regulators...it's back to business for IndyMac. The bank will re-open today under the oversight of the Federal Deposit Insurance Corporation. IndyMac is the second largest financial institution to close in U-S history. ++9 U-S troops are dead after an attack in Afghanistan.Officials say militants fired machine guns...rocket-propelled grenades near a U-S outpost. The attack appeared to have been the deadliest for U.S. troops in Afghanistan since June 2005. ++What are the chances? For a second year in a row...Miss U-S-A falls down during the Miss Universe pageant. Crystle Stewart tripped on the train of her dress as she made her entrance. Her predecessor Rachel Smith took a tumble at last year's competition.

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YouTube | July 14, 2008