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Mubarak Visits Site of Blasts, Vows Justice

By Peter Kenyon

Published July 23, 2005 at 12:00 AM EDT

Egyptian President Hosni Mubarak visited Sharm el-Sheik Saturday, hours after blasts targeted hotels and a market at the resort. Mubarak said his government would hunt down those responsible. There are signs a crackdown by security forces is already underway.

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The Fed raises interest rates again despite the stress hitting the banking system

Scott Horsley

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.