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WASHINGTON (AP) ? Even as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for some time.

Documents released Tuesday provided insights into the Fed's historic decision to ratchet down its rate from 1 percent to near zero at its Dec. 15-16 meeting. In the first action of its kind in the Fed's 95-year history, Fed Chairman Ben Bernanke and his colleagues created a target range for its rate, putting it at zero to 0.25 percent.
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Glenn Coffee of Oklahoma City has been installed as the first Republican to hold the No. 1 leadership position in the Oklahoma Senate.

Coffee was elected Senate president pro tem on Tuesday at a one-day organizational meeting of the 2009 Oklahoma Legislature. Republican Chris Benge of Tulsa will return as speaker of the House when lawmakers begin considerating legislation on Feb. 2.

The GOP gained a majority in the 48-member Senate for the first time in history by picking up two seats at the November general election. Republican senators now outnumber Democrats, 26-to-22. They hold a 61-40 advantage in the House after gaining four seats last year.
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The city of Tulsa has its first homicide of 2009.  Tulsa Police say 15-year old Kordero Coleman died Tuesday morning at a Tulsa hospital.

A 49-year old Tulsa man is in critical condition after he is shot during a domestic dispute early Tuesday morning.   

Layoffs announced at the Tulsa World newspaper Tuesday morning.

A Tulsa man has been sentenced in connection with the stabbing death of Jared Harris in November 2007.

One person is rushed to a Tulsa hospital after he is stabbed overnight.