Economy Nov 02 Watch Taxpayers’ $2.3 Billion ‘Gone’ in CIT Bankruptcy The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat.
Nation Jul 20 Watch Other News: Army to Add 22,000 Soldiers In other news, Defense Secretary Robert Gates announced that the Army would add 22,000 more soldiers to its ranks, and in Mumbai, India, the only surviving gunman in last November's shooting attacks changed his plea to guilty.