Politics Mar 19 Q&A: The Path of Stimulus Funds to Local Projects Grover "Russ" Whitehurst is a Brookings Institute Senior Fellow and a former official with the U.S. Department of Education. In this Q&A, he explains how the stimulus funds will make their way to local projects, particularly for school programs.
Economy Mar 19 Concerns Emerge on Prevention of Stimulus Fraud Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending.
World Mar 19 Bin Laden Criticizes Somali President in Latest Tape Message Al-Qaida leader Osama bin Laden called on Somali militants to topple the country's new President Sheik Sharif Sheik Ahmed in a new audio recording posted Thursday on the Internet.
Politics Mar 18 Obama Holds Town Hall in Costa Mesa, Calif. President Barack Obama held a town hall meeting in Costa Mesa, Calif., Wednesday, where he spoke about the AIG controversy, his plan for the budget and economic recovery plans.
Economy Mar 18 AIG Chairman Liddy Heads to Capitol Hill The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments.
Politics Mar 18 Madoff's Accountant Arrested on Fraud Charges The longtime accountant for jailed swindler Bernard Madoff was arrested Wednesday and charged with fraud dating back 17 years for failing to conduct audits in what was may be the biggest investment fraud on Wall Street.
Economy Mar 17 Government Furor Continues Over AIG Bonuses As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company.
Economy Mar 17 New Home Construction Jumps as Wholesale Prices Edge Up The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units.
Economy Mar 16 Obama Cites 'Outrage' Over AIG Bonuses President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money.
Economy Mar 16 New Grads Increasingly Turning to Jobs in Service, Volunteer Sectors With the nation's unemployment rising to a 25-year high this month and the financial sector in turmoil, job prospects look bleak for many college seniors set to graduate this spring.