Geithner: AIG must pay back bonus money

Insurance giant AIG will have to return to the Treasury Department the $165 million it just paid out in executive bonuses, Treasury Secretary Timothy Geithner said Tuesday in a letter to congressional leaders. “We will impose on AIG a contractual commitment to pay the treasury from the operations of the company the amount of the retention awards just paid,” Geithner wrote

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Warning shot kills Iraqi girl, coalition says

A 12-year-old girl died Monday after she was struck by a warning shot fired as a vehicle accelerated toward an Iraqi police station, said the U.S.-led military coalition. The comments came at the daily White House briefing, during which Gibbs dismissed Cheney’s statement Sunday on CNN that several of President Obama’s policies had left the country less safe.

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Robert Gibbs takes verbal slap at Cheney

White House Press Secretary Robert Gibbs launched a sarcastic barb at former Vice President Dick Cheney on Monday, but then the Obama administration spokesman pulled back a bit as he acknowledged the "seriousness" of the subject — terrorism. The comments came at the daily White House briefing, during which Gibbs dismissed Cheney’s statement Sunday on CNN that several of President Obama’s policies had left the country less safe.

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Obama’s Challenge: Containing the AIG Bonus Outrage

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

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