CNBC.com's News Now: Fed Slashes Key Rate

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DOW 8924.14 359.61 +4.2% NASDAQ 1589.89 81.55 +5.41% S&P 913.18 44.61 +5.14%   Tuesday, Dec. 16, 2008   WHAT YOU SHOULD KNOW     Fed Cuts Rates to Near 0%, Vows to Bolster Economy The Federal Reserve slashed its target for overnight interest rates to a record low of zero to 0.25 percent, and said it would employ "all available tools" to battle a year-long recession...read more     Paulson: No Plans to Seek the Rest of TARP Fund Treasury Secretary Paulson told CNBC he doesn't plan to seek the rest of the $700 billion bailout fund unless there is an emergency...read more     Four Stock Picks From a 5-Star Survivor We know all too well about the victims of the market's recent misfortunes, but what about those who have survived — and even...read more     TODAY'S TOP 5 VIDEOS     1. Fed Slashes Key Rate Discussing the Fed's rate decision, with Bill Gross, of Pimco; Ken Volpert, of Vanguard; Alan Blinder, former Fed vice chairman; and CNBC's Steve Liesman and Rick Santelli     2.Paulson's Push for Recovery Treasury Secretary Henry Paulson is leading government efforts to rescue the housing and financial markets. He discusses his efforts with CNBC's Maria Bartiromo.     3.Ford's Mulally In Focus Of the three U.S. automakers, Ford's case to Congress for federal funds is more of a safety net than an immediate need. Ford CEO Alan Mulally discusses his company's road ahead with CNBC's Phil LeBeau.     4. Stop Trading, Listen To Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett     5.2008 Heisman Winner Fresh from ringing the opening bell, Sam Bradford, 2008 Heisman trophy winner/ Oklahoma quarterback speaks with CNBC's Erin Burnett.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Foreclosed Homes: Buyers May Be Missing Out Here You'd think now would be a great time to buy a foreclosed property, but a majority of Americans don't think so. See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS

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