Search results for

The federal government has lent $170 billion to troubled insurance giant AIG to prevent its collapse. There's been criticism of that bailout, but it pales when compared to widespread outrage over the $165 million that AIG paid recently in employee bonuses. Republicans have gone on the offensive against the Obama administration, while Democrats are scrambling to recoup the bonus payments.

How will the AIG bonuses affect the government's approach to repairing other crippled financial institutions? For some perspective, Renee Montagne talks with David Wessel of The Wall Street Journal.

Markets were up this week, and Obama announced his pick for FDA chief. Minnesota's still debating who should fill its senatorial seat, and Republican Party chair Michael Steele is in trouble — again.

President Obama blasted insurance giant AIG yesterday for plans to pay millions in executive bonuses. The multimillion dollar payouts are planned despite the company's dire financial health and its reliance on federal bailout funds. Money coach Alvin Hall and Alan Hughes, of Black Enterprise magazine, discuss whether the government can force AIG to suspend its plans to dole out the big bucks.

President Obama travels to Mexico, which is torn by drug violence as warring cartels battle for control. The visit on Thursday is meant as a show of support for President Felipe Calderon, and to underscore the importance his administration places on relations with Mexico.

President Obama will soon have the chance to appoint a new justice to the U.S. Supreme Court. Justice David Souter is planning to retire at the end of the court's term.

To mark his 100 days in office, President Obama held a prime-time news conference Wednesday. It was the third news conference of his presidency and the first not dominated by the recession. The president promised to keep up the whirlwind pace.

This week, General Motors is expected to announce the end of one its most legendary lines: the Pontiac. We take a look back on the brand's mystique and some of its sporty muscle cars.

The World Health Organization has raised the worldwide pandemic alert level to Phase 4. President Obama has said the government is closely monitoring the new swine flu virus, and while it's cause for concern, it's not a cause for alarm.

Former Rep. Vin Weber talks to host Jacki Lyden about the death of Jack Kemp, his former colleague in the House of Representatives.