Orion space capsule previewed on National Mall

It looked as if a spaceship had landed on the National Mall on Monday as NASA showed off a mockup of its new Orion crew module. Before the next U.S. astronauts go to the moon — and maybe eventually to Mars — NASA scientists want to make sure they can return safely

Share

Obama extends short federal lifeline to GM, Chrysler

President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars." The federal government will give GM “adequate working capital” over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.

Share

Financial crisis dominates G-20 agenda

This week’s London Summit brings together the leaders of the world’s 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing. British Prime Minister Gordon Brown, who hosts Thursday’s talks, has set a bold agenda for this year’s summit, calling on governments to sign up to a “global deal” to haul the world out of the crisis triggered by the collapse of the banking system.

Share

Pentagon report: China’s military expanding its capabilities

China’s military is developing longer-range ballistic and anti-ship missiles that are "shifting the balance of power in the region" and could help Beijing secure resources or settle territorial disputes, a report released by the Pentagon said Wednesday. China also continues to build up short-range missiles and increase its “coercive capabilities” against Taiwan.

Share

Yellin: Geithner faces a tough room

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

Share