Daily News Channel
— Call it a bankruptcy in disguise. Although General Motors and Chrysler are scrambling to pull together plans by Tuesday showing that it makes sense for the government to support them without invoking the dreaded “B-word,” the efforts look like a classic case of reorganization
Here’s a thought: let’s have the government do something to fix the housing market. Now what would that be? Ideas are flying around Washington.
If White House etiquette is any indication, you should be getting a random hug soon.
A volcano near southwest Colombia’s border with Ecuador erupted on Saturday, leading the government to issue a "red alert" for the region. There were not believed to be any fatalities or injuries in the blast, which happened at about 7:10 p.m. ET (12:10 a.m.
Turkey’s Foreign Ministry summoned Israel’s ambassador to the Turkish capital of Ankara on Saturday to issue a formal complaint over a top Israeli commander’s reported remarks criticizing Turkey. The complaint is part of the escalating war of words between the two regional allies, stemming from Turkey’s outspoken criticism of the recent conflict in Gaza. The Turkish Foreign Ministry said Saturday that it had requested an “urgent explanation” from Ambassador Gabby Levy for recent remarks reportedly made by a top Israeli military commander.
The second-highest ranking official in Iraqi President Jalal Talabani’s political party resigned Saturday, along with four other high-ranking Kurdish politicians, officials said. Khosrat Rasul, the vice president of the Kurdistan Regional Government, resigned, along with four other members of the Patriotic Union of Kurdistan (PUK), according to Kurdish lawmakers
Making his international debut at the Group of Seven meetings in Rome, new U.S. Treasury Secretary Timothy Geithner said swift and decisive action is needed on several levels to address the global financial crisis. “Although this crisis began in the major economies, it’s now spread to emerging markets around the world,” Geithner said
An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies receiving federal bailout money. The amendment by Sen
Recovering all the bodies from Thursday’s deadly passenger plane crash may take four days as investigators work through freezing temperatures and piles of wreckage, a federal transportation official said Saturday.
Democratic former Illinois Gov. Rod Blagojevich’s brother asked Roland Burris to contribute or help raise up to $10,000 in campaign cash before Burris was named a U.S. senator on December 30, according to a Burris spokesman