A judge in Texas has dismissed indictments against US Vice-President Dick Cheney and former Attorney General Alberto Gonzales.

US Vice President Dick Cheney and former Attorney General Alberto Gonzales have been indicted on State charges involving federal prisons in a South Texas county that has been a source of bizarre legal and political battles under the outgoing prosecutor.

Wall Street overcame disappointment in the Federal Reserve’s failure to move toward an easing of interest rates today, and stocks made a late-day surge as the decision was seen as a sign the economy wasn’t threatened by turmoil in the credit markets.