ELECTIONS

Sonia Gandhi, India's most powerful politician, has cancelled what would have been her first public address since undergoing surgery for an undisclosed illness.

Tuesday's elections will decide the positions of the city's next mayor, district attorney and sheriff and give citizens the opportunity to vote on several ballot initiatives. Polls opened at 7 A.M. and will close at 8 P.M. this evening; voters can look up their polling places here.

I believe that we are now close to an agreement with [the opposition party] New Democracy, Papandreou said during a Cabinet meeting

Stocks rose on Tuesday on news that Italian Prime Minister Silvio Berlusconi would resign.

Berlusconi has been under extreme pressure from both allies and opponents to quit

Long Island voters in Nassau and Suffolk counties are choosing new local officials Tuesday as both counties continue to battle a sour economy and Nassau is trying to avoid bankruptcy.

Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government.

Stock index futures rose on Tuesday as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.

Greek party leaders were struggling Tuesday to agree on a new prime minister, under pressure from the European Union to push through a bailout to save the country's finances and end the chaos threatening the euro.

One year before the presidential election, a new poll shows President Obama beating all his GOP contenders, despite low ratings. Obama falls below expectations in most areas, but is still supported above Republicans. Also, Occupy Wall Street and the Tea Party are supported by 50 percent of those polled.

Two months before the Iowa caucus and one year before the presidential elections, a new poll shows President Obama beating all his GOP contenders, despite low ratings and a pervading air of negativity and dissatisfaction in America at large. Obama falls below expectations in most areas, but is still supported above Republicans. Occupy Wall Street and the Tea Party are supported by 50 percent of those polled.

Italian government bond yields soared to near 15-year highs, putting the Eurozone's third largest economy front and center of the region's debt crisis, despite scrambling efforts by policymakers to stem the growing contagion.

Nicaraguan President Daniel Ortega won re-election by a huge margin on Sunday, beating the conservative Fabio Gadea with 62 percent of the total votes after 86 percent of polling stations reported results.

More loyalists are jumping from Berlusconi’s sinking ship and many have resigned, ahead of a key parliamentary vote.

Voters in a handful of states will weigh-in on a slew of ballot measures that are the most exciting part of a sleepy Election Day this year.

Venizelos, a long-time rival of Papandreou, is believed to covet the job of Prime Minister.

Liberia could tip into chaos not seen since its civil war if a presidential run-off election set for Tuesday is not delayed and reorganized, presidential hopeful Winston Tubman said on Sunday.

Clashes and sporadic gunfire rocked part of Monrovia on Monday, killing at least one person after Liberian riot police fired tear gas to disperse several hundred supporters of presidential challenger Winston Tubman.

Euro zone governments rushed to placate feverish bond markets on Monday as the 17-nation currency bloc's debt crisis threatened to accelerate out of control.

Sarkozy wants to slash the country’s public deficit to 4.5 percent of GDP next year from 5.7 percent this year.

Greek political leaders were set to choose who will lead a new coalition on Monday and push through a bailout before the country runs out of money in mid-December, with local media tipping former ECB deputy head Lucas Papademos for the job.