The run-off election, in Afghanistan was canceled, after President Karzai's opponent, Dr. Abdullah Abdullah withdrew from the race on Sunday. He withdrew, reports say because he felt the election had been corrupt. But many say he withdrew because he knew he would not win. The election commission then canceled the run-off election, giving Mr. Karzai
another five year term as President of Afghanistan. President Obama acknowledged the election of Mr. Karzai. Secretary of State Hillary Clinton had said that the United States government would support the elected president prior to the run-off election. President Obama is still deliberating with advisers, as to what the U. S. strategy will be in that country and how many troops will be sent to Afghanistan in 2010.

President Obama is set to sign a defense spending bill, increasing the pay of U. S. service men and women.

CIT group has filed for bankruptcy, under Chapter 11. This is the largest bankruptcy so far in U. S. history. The company intends to restructure its debt, and continue to operate while doing so. The asset total of the company is reported as seventy-one billion dollars versus sixty-four billion dollars in debt. CIT is the financier for two-thousand vendors who supply merchandise for three-hundred thousand stores, many of which are gearing up for the critical holiday shopping season. The shareholders are reportedly on board with the company in its plan to restructure the debt of the company.

Tuesday will have a number of elections held around the country. Two governor races, in Virginia and New Jersey are high on the radar screen. In Virginia, the Republican candidate, McDonnell is leading the Democrat, Deeds by at least 11 percentage points. Eighteen percent of the people are reportedly undecided in Virginia. In New Jersey, Governor Corzine and Mr. Christie, his Republican opponent are 5 points apart with the Republican leading. In New York's 23rd Congressional District, the Republican candidate, Dede Scazzafavi was forced out by Republicans supporting the Conservative candidate, Doug Hoffman and by
problems reportedly raising money. She dropped out of the race over the weekend and was convinced to support the democratic candidate, Bill Owens, she even made robo calls, for Mr. Owens, asking her supporters to vote for him. The race is 41% for Hoffman, 36% for Owens with 18%
undecided, as of today.

Senator Joe Lieberman said on Sunday's Face the Nation, he is still planning to do everything he can to block the passage of the health care reform bill, if it contains the public option. He further said on the show, that nothing would be better the passing the bill with the public option. Wonder if the two-million dollars plus, he received in campaign funds from the insurance companies, has anything to do with his decision? Or perhaps the fact that his wife sits on the board of one of the largest insurance companies in the country. You think?

Pending U. S. home sales rose the most in three years.

Existing home sales dropped by 3.5% in the United States.

Consumer confidence dropped in September, in the U. S.

Jay Leno reportedly said that if they asked him to come back to the Tonight Show, he would.

Source AP

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