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  • Treasury Secretary-designate Timothy Geithner has said he failed to pay $34,000 in taxes from 2001 to 2004. According to materials released by the Senate Finance Committee, a housekeeper whom Geithner paid in 2004 and 2005 did not have current employment documentation as an immigrant for the final three months she worked for him.
  • 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.
  • Explosions and gunfire rang out across Mumbai, India's commercial capital, on Thursday as commandos fought to free hostages held by suspected militants in two luxury hotels and a Jewish center. Police say about 120 people are dead and hundreds are wounded.
  • Gunmen have opened fire at seven sites in the Indian city of Mumbai. The coordinated terrorist attacks seemed aimed, at least in part, at Westerners. At least 78 people have died so far. Among the targets were two luxury hotels and a restaurant frequented by travelers.
  • President-elect Barack Obama also formally nominated Eric Holder as attorney general, Arizona Gov. Janet Napolitano as secretary of the Department of Homeland Security and Susan Rice as ambassador to the United Nations.
  • The federal government announced new programs Tuesday that would provide up to $800 billion to stimulate mortgage lending, business and auto loans and use of credit cards. The move had a dramatic effect on mortgage rates.
  • Gov. Rod Blagojevich has been arrested on charges that he conspired to get financial benefits through his ability to appoint the person to replace President-elect Barack Obama in the U.S. Senate. A 76-page FBI affidavit says the 51-year-old Democrat was intercepted on court-authorized wiretaps conspiring to sell or trade the vacant Senate seat for personal benefits.
  • Because of a sharp drop in corporate underwriting, National Public Radio has announced the elimination of 64 filled and 21 unfilled positions as part of cuts throughout the organization. Two shows, News & Notes and Day to Day, were canceled.
  • The nation's third-largest newspaper publisher filed for bankruptcy today. The Chicago-based Tribune Co. owns eight metro dailies, including the Los Angeles Times, the Chicago Tribune and The Baltimore Sun.
  • The United States has repatriated three Guantanamo prisoners to Bosnia. They are three of the five detainees that a federal judge had ordered the government to release. He said the government had only an unreliable tip that the men were planning to engage in terrorism with al-Qaida and he urged the Justice Department not to appeal his ruling.
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