Five years ago
John Edwards bowed out of the race for the Democratic presidential nomination. Rudy Giuliani dropped out of the Republican presidential contest and endorsed front-runner and longtime friend John McCain. The Federal Reserve cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point to 3 percent.
One year ago
All European Union countries except Britain and the Czech Republic agreed to sign a new treaty designed to stop overspending in the eurozone and put an end to the bloc’s crippling debt crisis. A reactor at a northern Illinois nuclear plant shut down after an electrical insulator failed (the Unit 2 reactor at the Byron Generating Station resumed operating a week later).