Fannie Mae and Freddie Mac: The overhaul, which would only help a fraction of the country's 11 million underwater borrowers, is the latest government effort to breathe life into the crippled US housing market.
Deven Sharma, president of Standard & Poor's, told a House subcommittee Wednesday that if lawmakers can work out a 'grand bargain' with $4 trillion in deficit cuts over the next decade, the US may yet keep its AAA rating.
Ben Bernanke said on Capitol Hill Wednesday, the pace of the US economy 'will pick up in coming quarters.' But the unemployment rate will decline slowly, he said, citing 'headwinds.'
US Rep. Thaddeus McCotter of Michigan says he's running for the 2012 Republican presidential nomination. His biggest challenge is name recognition.
Former members of Congress paint a grim picture of what could await Rep. Weiner if he doesn't resign, including shunning and loss of influence. Democrats are already edging away.
IBF, WBO and IBO heavyweight champion boxer Vladimir Klitschko (r.) of Ukraine helps out with training during a session with the best young Ukranian boxers in Kiev.
Obama has faced little congressional oversight so far, but with House GOP probing into policies ranging from illegal immigration to health care, the president's oversight holiday may be over.
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.
Barney Frank, who defeated challenger Sean Bielat, used his speech to lash out at Republicans over negative campaigning.