HSBC halts foreclosures after government review

HSBC halts foreclosures after government review

HSBC Holdings PLC is suspending foreclosures in the U.S. after a government review of the lender‘s procedures revealed problems with the way it handled some home repossessions. The London-based bank’s foreclosure moratorium came to light in its annual report Tuesday. HSBC said U.S. government officials determined there were certain deficiencies in the way the lender […]

Senate set to send Obama stopgap spending bill

Senate set to send Obama stopgap spending bill

In an early victory for Republicans, the Democratic Senate is voting to send President Barack Obama a GOP-drafted measure that cuts $4 billion in spending as the price for keeping the government open for an additional two weeks. Sweeping bipartisan support is expected Wednesday for the measure, which passed the House on Tuesday by a […]

Mike Huckabee lied about Obama’s Kenyan roots

Mike Huckabee lied about Obama’s Kenyan roots

Former Arkansas Gov. Mike Huckabee suggested in a radio interview that President Barack Obama‘s childhood in Kenya shaped his worldview — even though Obama did not visit Kenya until he was in his 20s. The potential Republican presidential candidate told New York radio station WOR on Monday that Obama’s youth led him to resent the […]

Will Wisconsin battle restore union power?

Will Wisconsin battle restore union power?

In trying to take away nearly all collective bargaining rights from state workers, Wisconsin‘s governor may have unintentionally given the American labor movement the lift it needed after years of decline. That was the sentiment this week at the annual meeting of the AFL-CIO, the nation’s largest labor federation. “We’ve never seen the incredible solidarity […]

Tea Party rhetoric clashes with local desire for pork

Tea Party rhetoric clashes with local desire for pork

First-term Republican Rep. Tim Scott of Charleston, S.C., says he’s looking for “any way in the world” to get federal money to expand his hometown’s aging harbor. It’s the one way he won’t pursue that’s making South Carolinians angry. Scott, like his state’s famously conservative senator, Jim DeMint, is among a new breed of tea […]

Are we ready for a President named Newt?

Are we ready for a President named Newt?

  The biggest obstacle to a Newt Gingrich presidential bid might be Gingrich himself. The twice-divorced former U.S. House speaker has admitted an affair with a former congressional aide who is now his third wife. His career in Congress is remembered as much for his dramatic fall — the federal government shutdown, his censure and […]

It’s a bird, no it’s a plane, no it’s a spy bird!

It’s a bird, no it’s a plane, no it’s a spy bird!

  You’ll never look at hummingbirds the same again. The Pentagon has poured millions of dollars into the development of tiny drones inspired by biology, each equipped with video and audio equipment that can record sights and sounds. They could be used to spy, but also to locate people inside earthquake-crumpled buildings and detect hazardous […]

OK, so Bernanke’s plan worked: Now what?

OK, so Bernanke’s plan worked: Now what?

Nearly everything is going according to the plan Federal Reserve Chairman Ben Bernanke hatched six months ago. During a speech in Jackson Hole, Wyo., on Aug. 27, Bernanke outlined an effort to spur economic growth, prevent prices from falling and push markets higher through the purchase of government bonds. Since then stocks have soared, the […]

Threats don’t deter Wisconsin Democrats

Threats don’t deter Wisconsin Democrats

Wisconsin state Sen. Chris Larson packed just his toothbrush and one extra shirt when he and 13 fellow Democrats fled the state last week, to avoid near-certain passage of the Republican governor’s plan to strip public workers of their collective bargaining rights. “That tells you, I didn’t think it would take this long,” Larson said […]

House looks at stopgap spending bill

House looks at stopgap spending bill

  Republicans controlling the House are moving quickly to pass stopgap legislation to avoid a partial shutdown of the government when temporary funding runs out Friday. Tuesday’s measure would keep the government running for two weeks to buy time for the Republican House, the Democratic Senate and the Obama White House to try to reach […]