Search results for

Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.

President-elect Barack Obama comes from the same city and state as Illinois Gov. Rod Blagojevich, and it was the Obama seat in the Senate that Blagojevich is accused of trying to sell. Is it possible this scandal will leave the new president unsinged?

With the economy continuing to sputter, president-elect Barack Obama has held a news conference to announce his economic team. He said they would get to work immediately to craft an economic stimulus package big enough to jump-start the economy.

President Barack Obama and Treasury Secretary Tim Geithner have announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000.

Michael Steele, the new head of the Republican Party, found himself in hot water again with his fellow Republicans when he told a GQ reporter that women have a right to choose an abortion. The comments could have political implications.

Treasury Secretary Timothy Geithner went to Capitol Hill on Thursday with expansive plans to reduce "systemic risk" in the financial system. He called for new rules and better referees. And he was met with skepticism, particularly from Republicans.

President Barack Obama's budget proposal is placing conservative Democrats in a tight spot. Republicans are asking them to be fiscally cautious. Liberals are targeting them with a barrage of ads, urging them to support the president's budget.

The attorneys general of Utah and Arizona say they won't do what Texas did. They won't raid polygamist groups in their states, even though the polygamists targeted in Texas last month are based on the Utah-Arizona border. The officials spoke at a town meeting on polygamy Thursday night in Utah.

Passengers of the Ambassador Cruise Line had just arrived in the Faroe Islands when a group of small boats drove the whales to shallow water for killing, part of a long-standing local tradition.

In Washington, it was a crucial day of meetings between the leaders of the United States, Pakistan and Afghanistan. Afghan President Hamid Karzai and Pakistani President Asif Ali Zardari huddled first with Secretary of State Clinton and later with President Obama and made a number of key commitments.

President Bush has called once again for the House to adopt a Senate bill on foreign intelligence — and by noon, Democratic Majority Leader Steny Hoyer was saying the House would take up a bill next week. Whether the bill includes the retroactive legal immunity for phone companies that the president demands was not immediately clear.

Even with the latest buzz surrounding product recalls, it can be difficult to stay updated on what has been cleared off the shelves. One Baltimore art student missed a contact-solution recall announcement — and found out about it the hard way.

Florida is next on the Republican presidential program, and all of the big names are arriving ahead of the vote a week from Tuesday. But one major GOP contender has been working the state all month, counting on a breakthrough there to overcome the influence of the early contests: former New York Mayor Rudolph Giuliani.

For many months, Barack Obama relied on a speech that last year vaulted him from the ranks of the Democratic presidential candidates to the lead position. But in recent days, he has found it necessary to revise and revamp.

Gen. David Petraeus and Ambassador Ryan Crocker are back on Capitol Hill Wednesday, in an effort to convince lawmakers to freeze U.S. troop levels in Iraq after a small drawdown in the summer. Petraeus and Crocker appear before the House Armed Services and Foreign Affairs committees today.

Exiled former Pakistani Prime Minister Nawaz Sharif says he will challenge President Gen. Pervez Musharraf in elections this fall, even as Musharraf considers a power-sharing agreement with another rival that would have him stepping down as head of the army.

President Bush renews his vow to veto any spending bill for the war in Iraq that attempts to set a timetable for withdrawal of U.S. combat troops. Senate Majority Leader Harry Reid has said that if the timetable fails, he will move to cut off funding for the war by March 31 of next year.

The soaring price of oil is hitting the airline industry. American Airlines announced Wednesday that it would eliminate about 12 percent of its flights by the end of the year and added a $15 surcharge for each checked bag.

Republican presidential candidate John McCain has named Alaska Gov. Sarah Palin as his running mate. Palin, 44, is the first woman named to a spot on the GOP ticket. She has been Alaska's governor since 2006.

President-elect Barack Obama has named Mary Schapiro to head the Securities and Exchange Commission. In a news conference in Chicago, Obama said government regulators "had dropped the ball," leading to the financial meltdown.