Italian auto maker Fiat has vowed to stick with plans to forge an alliance with distressed US group Chrysler after a US Supreme Court decision put a temporary freeze on the transaction.
"Fiat is committed (to a tie-up with Chrysler) even after June 15," a Fiat spokesman told AFP. The company is entitled to pull out of the deal after that date if Chrysler's recovery plan has not been fully approved.
The Defense Department has failed to provide adequate oversight over tens of billions of dollars in contracts to support military operations in Iraq and Afghanistan, says a new report by an independent commission investigating waste and fraud in wartime spending.
U.S. reliance on private sector employees has grown to "unprecedented proportions," yet the government has no central database of who all these contractors are, what they do or how much they're paid, the bipartisan commission found.
Senior Justice Department lawyers in 2005 sought to limit tough interrogation tactics against terror suspects, but were overruled.
James Comey, then the No. 2 official at the Justice Department, tried to convince Attorney General Alberto Gonzales that some of the tactics were wrong and would eventually damage the reputation of the department.
A plan under consideration by the Obama administration would permit Guantanamo Bay, Cuba, detainees facing the death penalty to plead guilty without a full trial, it has been reported.Read More
For three decades, accused spies Walter Kendall Myers and his wife shuffled secrets to their Cuban contacts in such fear of being caught, authorities say, that he memorized top-secret documents rather than bring them into their home.
Their downfall came simply and swiftly, lured by a stranger who offered Myers a cigar.
Indiana pension funds and consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal.
The separate requests, which moved the legal battle to the nation's highest court, were filed after a U.S. appeals court in New York approved Chrysler's sale to a group led by Fiat, a union-aligned trust and the U.S. and Canadian governments.
With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.
The much smaller-than-expected reduction in payroll jobs, reported by the Labor Department on Friday, adds to evidence that the recession is loosening its hold on the country. It marked the fourth straight month that the pace of layoffs slowed.
The Obama administration's pick for a top intelligence post at the Homeland Security Department is expected to face questions from senators about his ties to the CIA's harsh interrogations of terror suspects.
At issue is the extent of Philip Mudd's involvement in the CIA's interrogation program while he was a senior official at the agency during the Bush administration. Mudd was nominated to be under secretary of intelligence and analysis at Homeland Security. His confirmation hearing is expected next week.
President Dwight Eisenhower gave the nation a farewell address 48 years ago in which he outlined an urgent warning.
That warning is coming true. We are spending our way into oblivion.
It's just another typical day in the neighborhood filled, as Walter Cronkite used to say, "with the events that alter and illuminate our times."
First there's the question whether the Obama-designed bailout of General Motors and Chrysler will work or whether ultimately the taxpayers will be stuck with an enormous bill trying to save the un-savable, leaving Ford to carry the torch for an industry that once was the envy of the world.