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  • Hurricane Ike is expected to make landfall — as a Category 3 hurricane — late Friday or early Saturday south of Galveston, Texas. Officials issued a mandatory evacuation order and warned of "certain death" for those who don't leave, but NPR's Ari Shapiro says plenty of people remain.
  • Treasury Secretary Henry Paulson has said the U.S. financial system is sound and resilient despite the recent economic downturn. Paulson's remarks came after Lehman Brothers declared bankruptcy, Merrill Lynch was sold and AIG battled to stay afloat.
  • Thousands of people living on the Texan coastline ignored evacuation orders to escape Hurricane Ike's destruction, and now most roads are impassible, which has left many people stranded.
  • NPR has learned that the Bush administration is pushing for increased military action along the Afghanistan-Pakistan border. The plan is part of an effort to kill or capture Osama bin Laden and other top al-Qaida leaders by the time the president leaves office.
  • The surge in Iraq is one of the issues that divides the presidential candidates, but Bob Woodward's new book, The War Within, reveals that it also divided the Bush administration and the military.
  • The first of three major Sept. 11 remembrance sites was dedicated Thursday outside of Washington. The Pentagon Memorial is a two-acre park built along the path of the American Airliner that crashed into the building, killing 184 people.
  • Federal officials are working overtime in order to save American Insurance Group. The Federal Reserve and the Treasury Department say they are seeking a private-sector solution, but it is being asked if there will be another government-sponsored bailout.
  • Ike is churning toward the Gulf Coast of Texas. Storm surge and extreme flooding as far north as Houston are major threats. Mark Fox, a meteorologist with the National Weather Service, says the storm surge will likely be as bad as those caused by Hurricane Katrina.
  • The Fed's emergency decision to offer a multibillion-dollar loan to rescue insurance giant AIG is the latest in a week of financial meltdowns that have left just about everyone who doesn't work on Wall Street wondering how safe their savings, investments and insurance policies are.
  • As turmoil on Wall Street dominates the presidential campaign, Barack Obama has issued a statement that neither criticizes nor explicitly endorses the Federal Reserve's decision to bail out AIG. "Sen. Obama is not going to be second-guessing the Federal Reserve at a time like this," said Jason Furman, a senior economic adviser to Obama.
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