Senate Committee Grills Former IRS Commissioners on When Officials Knew Facts…
In other news Tuesday, Defense Secretary Leon Panetta demoted Gen. William "Kip" Ward from a four-star to three-star Lt. General after an investigation found Ward had spent $82,000 on extravagant travel and other expenses, including using military vehicles to transport…
A General Services Administration Inspector General report spurred an uproar in Congress when it detailed spending on an $823,000 conference in Las Vegas that included a mind reader, a clown and a $31,000 reception. Kwame Holman updates the GSA spending…
Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk.
The Special Inspector General for TARP said Tuesday that the Treasury Department should do more to safeguard taxpayer dollars in the banking rescue plan. Kwame Holman reports.
By PBS NewsHour
Treasury Secretary Timothy Geithner faced new questions on the Obama administration's bank rescue on Capitol Hill Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis.
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