The $7.2 billion from the estate of philanthropist Jeffry Picower represents the largest forfeiture in US history. So far, $9.8 billion has been collected on behalf of Bernard Madoff victims – nearly half the $20 billion that investors lost.
The tax cut deal that President Obama signed Friday costs $858 billion, making the cause of deficit reduction that much more challenging. But deficit hawks still see some hopeful signs.
Deficit hawks and watchdog groups see Thursday's demise of an omnibus spending bill in the Senate as a turning point. A critical mass of lawmakers, they say, are committed to an earmark ban.
Tiger Woods had one of his worst year's on the golf course, but was Tiger Woods plight (including his divorce) deserving of the title 'Sports Story of the Year'?
WikiLeaks' Julian Assange claimed Friday that US prosecutors are carrying out a secretive grand-jury probe into WikiLeaks activities.
Obama's proposal for a pay freeze for federal employees meets with approval of most Americans. But not too long ago, the problem was lagging pay.
Though many House Democrats balked at extending Bush-era tax cuts, House lawmakers late Thursday approved the $858 billion tax cut deal intact, with 139 Democrats and 138 Republicans.
TARP final cost to US taxpayers is expected to be lower than earlier projections, according to Treasury Secretary Timothy Geithner. Bailed-out companies, such as AIG and GM, have already begun to pay back TARP funds.
Grim Sleeper photos released: for over 20 years, the LAPD had sought a Los Angeles serial killer, dubbed the Grim Sleeper. After arresting their prime suspect, Lonnie Franklin Jr., the department is sharing 180 photos of possible victims in the hope that the public will be able to identify some of them.
A study by the Jet Propulsion Laboratory shows that the Baja earthquake in April acted in unexpected ways. It also could set off another major quake in three to 30 years.
The Chicago Board of Election Commissioners must decide if Rahm Emanuel qualifies as a resident and can run to succeed Mayor Richard M. Daley. A three-day hearing on the topic yielded all sorts of questions and answers. Here's a sampling of those both for and against his run.
Obama’s citing of ‘fragile but reversible progress’ in his review of the war in Afghanistan is a signal to all the parties involved, including Americans, that the US withdrawal may go slowly.
Kwame Kilpatrick, the former Detroit mayor now in jail for violating probation in a Michigan case, is now facing new federal charges, along with his father Bernard. Federal prosecutors say Kwame Kilpatrick and other associates abused the public trust.
Not only are sex offenders finding work as teachers, they are getting recommendations from school officials eager for them to move elsewhere. A GAO report examines 15 case studies.
Opposition to the war in Afghanistan has Obama walking on eggshells with his Democratic base.
House Democratic leaders set very tight rules for debate of the Obama tax deal Thursday, and rank-and-file Democrats revolted. Their main frustration now: the estate tax.
High-profile deaths – the latest being the mayor of Springfield, Ill., and the Florida school board shooter – have common backdrops of economic duress. Workplace suicides, too, rose during Great Recession.
Atlanta reported more than 1,000 accidents as freezing rain coated roadways Wednesday night. The ice storm is another chapter in the South's strangely cold start to winter.
Bill Clinton museum, the ex-president's boyhood home, becomes an official historic site in 2011. Here's a list of things the park service might want to acquire to put in the Bill Clinton museum.
A White House review of Afghanistan war strategy finds progress, but at the Pentagon support is growing for a shift toward more hard power.