Search results for

President-elect Barack Obama has named Mary Schapiro to head the Securities and Exchange Commission. In a news conference in Chicago, Obama said government regulators "had dropped the ball," leading to the financial meltdown.

In Fort Hood, Texas, investigators are collecting information about Thursday's deadly attack at a soldier processing center. Thirteen people were killed, 12 of them soldiers, and 30 were wounded when a gunman, identified as Army psychiatrist Maj. Nidal Malik Hasan, opened fire in the facility.

President Obama challenged leaders gathered at the U.N. General Assembly on Wednesday to join the U.S. in solving the world's problems rather than waiting for America to do it on its own. Obama used his first address to the U.N. General Assembly to calls for a "new era of engagement."

G-20 leaders will likely leave Pittsburgh with an agreement to have banks build up their capital reserves while cutting back on bonuses and other forms of compensation. The new capital rules will be phased in and banks would have until the end of 2012 to meet the new requirements.

Iranian envoys meet Thursday in Geneva with representatives from Europe, Russia, China and the U.S. for talks that will focus on Tehran's suspect nuclear program. The meeting comes as Iran's foreign minister visited Washington on Wednesday on a rare visit.

U.N. and Afghan officials confirmed reports of fraud in the Aug. 20 presidential elections and ordered a partial recount. The latest returns from the Afghan Election Commission show incumbent President Hamid Karzai now has enough votes to avoid a run-off with his nearest challenger.

Defense Secretary Robert Gates, who is on a short swing through the Middle East, was in Iraq on Tuesday. On his agenda: a visit to a command post in southern Iraq where U.S. troops serve in an advisory capacity; a meeting with Prime Minister Nouri al-Maliki and a visit to Kurdistan.

In Austin, Texas, a small private plane crashed into a federal office building that housed Internal Revenue Service workers. Initial reports indicate the pilot hated the IRS and may have crashed the plane intentionally.

President Obama said Tuesday Democrats and Republicans should be able to come together and pass a jobs bill. The comments came at a meeting with congressional leaders from both parties.

The U.S. Transportation Department said Thursday it has received more than 100 complaints from owners of the 2010 Toyota Prius and has opened an investigation into possible brake problems with the model. That's more bad news for Toyota, which has recalled more than 5 million vehicles of various models to repair problems with sudden acceleration.