The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages...
Leading Republicans warned Sunday that the Obama administration's $800 billion-plus economic stimulus effort will lead to what one called a "financial disaster". The country will "pay dearly" if it executes the president's stimulus plans, Sen. Richard Shelby says.
The collapse of the distribution deal – vital to the success of Mr Spielberg’s newly independent DreamWorks venture - follows the acclaimed director’s failure to raise $500m of debt. He has also been unable to secure a new pay-TV deal for DreamWorks with HBO, the Time Warner-owned cable channel....
Wall street lawyers, investment bankers, CEOs and media executives often used corporate credit cards to pay for $2,000 an hour prostitutes, according to the madam who ran one of New York's biggest and most expensive escort services until it was busted last year.....
"It was the worst sickening, pit-of-your-stomach, falling-through-the-floor feeling I've ever felt in my life," hero pilot Chesley B. "Sully" Sullenberger III tells CBS's "60 Minutes" in his first long form interview since the miracle crash-landing in which all 155 passengers survived. "I knew immediately it was very bad." ...
The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government watchdog said Thursday, taking further issue with the beleaguered $700 billion rescue program.
