Economy Jun 01 GM Files for Bankruptcy Protection; Judge OKs Chrysler Asset Sale General Motors, a longtime cornerstone of American industrial power, filed for bankruptcy protection Monday morning and embarked on a broad restructuring, paving the way for the struggling automaker to receive another $30 billion in taxpayer aid.
World May 29 Obama Pledges Increased Cybersecurity, Will Name Cyber Czar President Barack Obama unveiled a comprehensive plan to combat threats to the U.S. digital infrastructure Friday, including creating a new position to handle cybersecurity coordination.
Economy May 29 U.S. Economy Shrank 5.7% at Start of Year The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be…
Economy May 28 As GM Deadline Nears, Bondholders Back New Stock Deal General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize.
Economy May 28 New Jobless Claims Fall, Manufacturing Orders Rise In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967.
Politics May 26 Reactions to Sonia Sotomayor’s Supreme Court Nomination President Barack Obama nominated federal appeals judge Sonia Sotomayor to the Supreme Court Tuesday.
Politics May 26 Key Player: Sen. Jeff Sessions, R-Ala. When Sen. Arlen Specter switched parties in April 2008, Sen. Jeff Sessions became the top Republican on the Senate Judiciary Committee, bringing a more conservative voice to the hearings vetting President Barack Obama's Supreme Court nominees.
Politics May 26 Q&A: Supreme Court Confirmation Process President Barack Obama has nominated Judge Sonia Sotomayor to replace Justice David Souter on the U.S. Supreme Court - the first step in the often contentious Senate confirmation process.
Politics May 26 Sotomayor Followed Unlikely Path to the Door of the Supreme Court In nominating Sonia Sotomayer, a federal appeals judge in New York, to replace retiring Justice David Souter, President Barack Obama called her an inspiring woman with an extraordinary life journey.
Politics May 26 Highlights of Past Supreme Court Nominees The process of nominating and confirming Supreme Court justices is one of the cornerstones of the Constitution's separation of powers. The nomination process involves a unique interplay of legal, political and personal considerations.