Search results for

Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.

After the author came to the United States from the Dominican Republic, he says, he became obsessed with his home country. Diaz eventually adjusted and learned about the new culture by reading.

Sen. Hillary Clinton has agreed to be President-elect Obama's nominee for secretary of state; New York Fed chief Timothy Geithner is in line to be treasury secretary; and New Mexico Gov. Bill Richardson is up for the top job at Commerce.

Lawmakers are demanding that GM, Ford and Chrysler submit a plan for improvements before Congress will consider a $25 billion aid package for the auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid say if there's a viable plan, Congress might return to work early next month for a vote. Some lawmakers wanted Congress to stay in session.

Economists say falling prices are a sign that the economy isn't doing well. Slowing consumer demand is behind the fall in oil prices, which are heading toward $50 a barrel. The government reported Wednesday that prices for consumer goods are eroding at a record pace. A short while ago, inflation seemed to be the danger. Economic policymakers now are fretting about deflation.

In the last days of the presidential campaign, William Ayers became the focus of attacks against Barack Obama. Ayers, a former member of the radical antiwar group the Weather Underground, talks about the extent of his association with the president-elect and why he remained silent during the campaign.

President-elect Barack Obama's top choice for U.S. attorney general seems to be Eric Holder. Holder was the No. 2 official in the Justice Department under President Clinton. The Obama team says no final decision has been made.

Democrats in the Senate decided Tuesday that Joe Lieberman may keep his committee chairmanship — even though he campaigned for Republican John McCain. Democrats secretly voted 42-13 to let him remain chairman of the Homeland Security and Government Affairs Committee. His only sanction was being removed from the Environment Committee.

The chief executives of GM, Ford and Chrysler go before the Senate Banking Committee on Tuesday — ahead of this week's vote on a Democratic plan to provide their companies $25 billion in loans. Will Congress act before one of the Big Three has to declare bankruptcy?

Who gets into the G-20? We'll, it's not just the 20 biggest economies in the world, though being wealthy helps.