The US Treasury has announced that it will lose $1.6 billion on a loan it made to Chrysler early last year. Congressional auditors say the American taxpayers could lose upwards of $34 billion in loans to both Chrysler and GM.
Anti-incumbent sentiment could be pivotal in Tuesday’s votes. Blanche Lincoln and Arlen Specter, both Democratic senators, are facing tough challenges from the left.
The Afghanistan Taliban has claimed responsibility for Tuesday's suicide attack on a NATO convoy that killed at least 18 people, including five Americans.
The Iran nuclear fuel swap was brokered by Turkey and Brazil. Even if it falls through, it indicates that countries like the US can no longer expect quiet compliance from rising powers.
After the housing crisis, real estate wholesalers are finding investors for foreclosures and distressed homes, who fix them up. But are low-income buyers shut out?
Japan is scheduled to launch the IKAROS spacecraft this week, which will be powered by wafer-thin solar sails. The craft is headed for Venus, making it the first to attempt interplanetary travel using only solar power.
Supreme Court nominee Elena Kagan lacks a paper trail. But her Senate confirmation hearing last year for solicitor general offers a preview of what's to come.