The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters. It would sell any remaining stock in AIG in 2012, …
Attorneys for 20 states fighting the new federal health care law told a judge last week it will expand the government’s powers in dangerous and unintended ways. The states want U.S. District Judge Roger Vinson to issue a summary judgment …
The price of corporate bailouts in 2008 and 2009 looks cheap compared to past crises, U.S. Treasury Secretary Timothy Geithner said Thursday, while urging more drastic action from housing finance giants Fannie Mae and Freddie Mac to help homeowners. For …
The U.S. Congress approved an $858 billion tax deal between President Barack Obama and the Republicans that will boost the economy but add to the budget deficit. Following are key components of the bill. All cost estimates are from the …
Congress gave final approval late Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts — a high-stakes gamble to create jobs at a cost of deepening the U.S. debt. Over objections from many of …
The courts may not get the last word after all on President Barack Obama’s historic health care overhaul. A Virginia federal judge ruled this week that the law’s key requirement for individuals to carry health insurance is unconstitutional. But even …
The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit seeks damages from the …
President Barack Obama’s sweeping plan to extend expiring tax cuts for millions of Americans headed for overwhelming passage in the U.S. Senate on Wednesday as it moved through Congress. While the Senate neared a rare bipartisan vote on the bill …
A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate Wednesday. The Senate passed the legislation in a 81 to 19 vote. …
The Justice Department said Tuesday it intends to appeal to a U.S. appeals court a ruling by a judge in Virginia declaring a key part of President Barack Obama’s landmark healthcare law unconstitutional. Department spokeswoman Tracy Schmaler said the Virginia …
