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The Federal Reserve has cut the federal funds rate to the lowest level on record. The new target is a range of zero to 0.25 percentage points. The drop in the rate is expected to result in a quick reduction in the prime lending rate.

President-elect Barack Obama is back in Chicago putting together his new administration. He and his wife, Michelle, were in Washington, D.C., Monday to get a special look at what will be their home Jan. 20. The two were greeted at the White House by President Bush and first lady Laura Bush. The two men met alone in the Oval Office for about an hour.

Medicare generally covers respite care only when a beneficiary is in hospice, although some special needs Medicare Advantage plans may be of help.

Major League Baseball has suspended left fielder Manny Ramirez for 50 games after the Los Angeles Dodgers star tested positive for performance-enhancing drugs. Ramirez issued a statement attributing the test results to medication prescribed for a personal medical issue.

Sophie Mackintosh's debut novel centers on four women living in a decrepit hotel on an isolated island. Critic Maureen Corrigan says The Water Cure is "everything this age seems to be demanding."

New Yorker writer Patrick Radden Keefe excels at exposing the past as he tells the story of Jean McConville, a mother of 10 who disappeared after masked men abducted her during Ireland's Troubles.

Amy Hempel's first book of new material in 14 years showcases her immense talents as a fiction writer. It's a powerful collection of stories about uneasy, unmoored, even desperate people.

Margaret Drabble's new novel follows a 70-something woman as she travels around England for her job — working with old age homes — and grumbling about how sad, funny and genuinely absurd aging is.

A federal judge in Boston has ordered Jack Teixeira, the 21-year-old member of the Massachusetts Air National Guard, to remain in custody until his detention hearing next week.

In 1666, The Great Fire of London destroyed more than 13,000 homes. The 350th anniversary of the inferno was marked with pyrotechnics galore — including a floating, burning replica of old London.