Iran has released a British embassy staffer, leaving one of the embassy's local staff in jail, the Foreign Office in London said Monday. "We are confirming that one of our staff remains in detention," a Foreign Office representative told CNN, declining to be named, in line with British government policy. "It remains our top priority to get all our staff freed." A leading Iranian cleric said Friday that the remaining British embassy staffer could be tried for inciting unrest in ...

Iranian opposition leader Mir Hossein Moussavi plans to form a new political party aimed at reining in the power of the Islamic Republic's leadership, a leading reformist newspaper reported Sunday. Moussavi told supporters the party will be focused on upholding "the remaining principles of the constitution," according to Etemad-e Melli, a newspaper aligned with fellow opposition candidate Mehdi Karrubi. He is expected to file papers with Iran's Interior Ministry to establish the party before hard-line incumbent Mahmoud Ahmadinejad is sworn ...

Top Democrats have expressed concern over President Obama's plan to draw down nearly two-thirds of U.S. forces in Iraq by August 2010, while some key Republicans are offering praise. At issue: Obama plans to leave between 35,000 to 50,000 residual forces in the war-torn country, serving in a training or advisory role to the Iraqi military. All U.S. troops have to be out of Iraq by December 31, 2011, under an agreement the Bush administration signed with the Iraqi ...

Treasury Secretary Timothy Geithner has unveiled a new plan to combat the financial crisis: convincing private financial institutions to buy up "toxic assets" with the government's backing. While this is a step up from former Secretary Henry Paulson's original bailout plan—in which the government itself would buy up the bad securities—it is still not the right approach. Instead, there is a better, cheaper, less risky, more direct way to improve banks' balance sheets and restore confidence. Here's how: ...