The British government is making a major cash infusion into three of the nation’s largest banks — a move that will leave the taxpayers as their largest shareholders.

European markets climbed Monday following Asia’s lead in response to the widespread government efforts over the weekend to shore up the world’s troubled financial system.

Gaining momentum, Democrat Barack Obama has a clear edge among likely voters as well as lower negative ratings than his rival, John McCain, according to a new Washington Post-ABC News poll.

Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of trading patterns.