Daily News Channel
The Obama administration said Tuesday it’s sending hundreds of extra federal agents and new crime-fighting equipment to the Mexican border as the U.S. struggles to roll back a tide of drug-related violence sweeping the Southwest.
Slouching alone at the head table before a room of business reporters, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board after violating the honors code. It wasn’t what he said, but his demeanor as he said it. Cautious, gazing out, he seemed to be shrinking from the room
Forget Al Qaeda, Weapons of Mass Destruction and the Axis of Evil. A once obscure acronym is on the lips of President Barack Obama, just about every politician in Washington and a lot of angry taxpayers nationwide. It’s AIG., American International Group, a trillion-dollar company operating in 130 countries that was one of the most trusted names on Wall Street
The nation’s economic outlook continues to be bleak.
The wooden but plucky CEO of GM, Rick Wagoner, told the press that if his company is allowed to go into Chapter 11, it will end up being a simple liquidation. GM will be torn into pieces and sold off as scrap. He made one good point to support his point of view
With thousands of Americans looking for jobs, many businesses are saying: Sorry, we’re not hiring.
Diab Diab lost an eye and part of a leg trying to clear unexploded bombs from the fields of southern Lebanon.
Sen. Christopher Dodd on Monday suggested a tax provision to recoup the bonuses for executives of ailing insurance giant AIG.
The White House scrambled on Monday to get ahead of the latest outrage stemming from the bailout of failed corporate behemoth American International Group : $165 million in bonus pay for executives in one part of the firm, which is now 80% controlled by American taxpayers. President Barack Obama took to the podium in the East Room to tag AIG by name, calling its financial predicament a product of “recklessness and greed.” The President said he has asked Treasury Secretary Timothy Geithner to “block these bonuses and make the American taxpayers whole,” adding, “This isn’t just a matter of dollars and cents
A new national poll indicates that worries about unemployment have tripled over the past year. Thirty-six percent of people questioned in a CNN/Opinion Research Corp. survey released Monday morning said unemployment is the most important economic issue facing the country today, almost three times higher than the 13 percent who felt the same way last April