Daily News Channel
Actress Angelina Jolie walked through a makeshift settlement on the outskirts of Baghdad on Thursday, where 20,000 Iraqis live, unable to return to their homes because of sectarian violence. “It is lacking in all of the basic things that you would need, they don’t have,” Jolie said.
Pakistani forces have killed as many as 200 Taliban militants in the past day in the Swat and Shangla areas, the military said Sunday. CNN could not verify the account, because journalists are barred from the region
Treasury Secretary Tim Geithner will push for unprecedented new regulatory powers on Tuesday to seize financial institutions whose failure would pose serious risks to the U.S. financial system, according to two senior administration officials. Geithner is expected to make his case in testimony before the House Financial Services Committee.
With outrage mounting over AIG’s $165 million in bonuses to executives, the president’s chief economic adviser offered a new line of defense for the White House in an exclusive interview with CNN. Larry Summers suggested that if Treasury Secretary Timothy Geithner had pushed the insurance giant too hard on the bonuses, AIG could have collapsed just like Lehman Brothers and sparked an even bigger crisis