The Senate approved a bill on Friday that gives the federal government the authority to heavily regulate tobacco products in the United States.
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President Barack Obama met with representatives from the health care industry yesterday to announce their agreement on a plan to cut increases in health care costs. Officials said the plan would save the U.S. an estimated $2 trillion in health care expenses over the next 10
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Justice to retire from Supreme Court next month Justice David H. Souter will retire from his position as Associate Justice on the U.S. Supreme Court in June at the end of his term. Souter was appointed by then-President George H.W. Bush in 1990. The retirement will leave an open seat on the court, allowing President Barack Obama to appoint his first Supreme Court Justice. Souter has recently grown discontent with Washington and politics, and is expected to retire to his home in New Hampshire.
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Famed music producer Phil Spector faces at least 18 years in prison after being convicted of second-degree murder on Monday.
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Sales of new vehicles in the United States over the past month dropped for nearly all of the automotive giants. Domestic automakers General Motors Corp. reported a 53 percent drop in February sales, and Ford Motor Co.’s February sales dropped by 48 percent compared to the same month last year.
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U.S. officials accused Stanford Financial Group, an enormous Texas firm, of conducting a “massive ongoing fraud” by selling $8 billion worth of high-yielding “certificates of deposit.”
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The U.S. Senate voted yesterday to halt debate about the unprecedented economic stimulus package; a move that some analysts say virtually guarantees Senate approval in the vote scheduled for today.
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Democratic Gov. Rod Blagojevich of Illinois was arrested and indicted on federal corruption charges, yesterday, partly in connection with his upcoming appointment of a replacement for President-elect Barack Obama’s Senate seat.
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After suffering injuries in the same stampede of customers that crushed and suffocated a man to death at a Long Island, N.Y., Wal-Mart, two of the store’s employees are now suing the company for negligence.
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A major shift in the $700 billion financial bailout program was announced early Wednesday when the nation’s top financial politicians said money will now be allocated to making more loans accessible instead of buying up troubled mortgages, as was originally announced.
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Millions of homeowners facing possible foreclosures are close to receiving help from the federal government. Talks between Treasury officials and the Federal Deposit Insurance Corp. show promise that a deal is near in helping to prevent foreclosures on 3 million homes nationwide.
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Second round of debates Sens. John McCain and Barack Obama had their second presidential debate last night as both tried to sharpen the distinctions between each other. More than 50 million viewers watched the first debate on Sept. 26, but their running mates drew an even larger crowd when more than 70 million viewers tuned in to watch Democratic Delaware Sen. Joe Biden and Republican Alaska Gov. Sarah Palin last Thursday.
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