Tag Archives | Finance

US politics live: Eric Holder faces ‘Fast and Furious’ questions in Congress

1.20pm: Virginia Tech is in lock-down after shots were heard near the campus: Virginia Tech says a police officer has been shot, and a possible second victim has been reported at a parking lot near the campus. Authorities are seeking a suspect. A campus-wide alert tells students and faculty to stay inside and lock doors. […]

Europe’s Debt Crisis: Spain, France Face Higher Borrowing Costs

The European debt crisis touched Spain and France Thursday, with both countries now forced to pay more to finance their governments. Spain, Europe’s fourth biggest economy, sold nearly $5 billion in government bonds Thursday at a big 7 percent interest rate. That is the same rate that Greek, Irish, and Portuguese bonds hit before those […]

Analysis: U.S.-India Trade Talks Focus on Trade Barriers

Although the U.S.-India economic relationship has grown significantly in recent years, economic barriers continue to prevent U.S. investment in several lucrative sectors. U.S. Secretary of Treasury Timothy Geithner and Indian Finance Minister Pranab Mukherjee met in Washington this week to discuss trade and economic investment opportunities between the United States and India in the second […]

Obama’s counterterrorism is backfiring

President Obama has unveiled new strategies for American counterterrorism, but to some experts the commander in chief is only making matters worse. “What I see us doing is creating more terrorism throughout policies in Libya and Yemen,” says Susan Lindauer, a former CIA asset that previously worked out of Libya. “I think our actions speak […]

NY Marriage Bill Hits Snags on Religion Questions

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo held more one-on-one negotiations Friday with Senate Republicans who worry his bill to legalize gay marriage doesn’t do enough to protect religious groups and churches that refuse to preside over same-sex weddings and other services. A third lengthy, closed-door meeting by the GOP majority brought the bill, widely […]

Obama to Nominate Gruenberg as FDIC Chairman

WASHINGTON (AP) — President Barack Obama said Friday that he will nominate Martin J. Gruenberg to become chairman of the Federal Deposit Insurance Corp. Gruenberg would succeed Sheila Bair, who plans to end her five-year term as one of the nation’s top banking regulators on July 8. Bair was a holdover from the Bush administration […]

2 Guilty in Murder of Journalist Checking Muslim Group

OAKLAND, Calif. — A jury on Thursday found the leader of a financially troubled community group and another man guilty of murder in the daytime shooting of the first American journalist killed on U.S. soil for reporting a story in more than a decade. Yusuf Bey IV, former head of Your Black Muslim Bakery, also […]

5 Arrested as Wis. Supreme Court Hears Collective-Bargaining Arguments

Five people were arrested at the Wisconsin state Capitol on Monday as the Supreme Court heard arguments over whether a bill taking away collective-bargaining rights passed the Legislature legally. Four people were arrested and cited for disorderly conduct after trying to enter the building without stopping for police clearance through metal detectors, Capitol Police Chief […]

NYC Officials Delete Terror-Target Data

New York City’s Department of Finance is working with the police department to delete sensitive information about potential terror targets from its website after the New York Post revealed security lapses. The agency’s website had links to floor plans of buildings that included the under-construction 1 World Trade Center, which Police Commissioner Ray Kelly says […]

House Republicans Propose $650 Billion for Defense

House Republicans released their proposal for $650 billion in defense spending Tuesday. And there’s at least one issue on which they and President Barack Obama agree, Politico reports. The plan meets all of Obama’s requests to finance the country’s wars. To be sure, the package also adds conditions for counter-insurgency funding for Pakistan, requiring a […]