Jared Bernstein, Center on Budget and Policy Priorities; Tony Fratto, Hamilton Place Strategies; and Lawrence Bossidy, former Honeywell Chmn. & CEO, discuss the political fallout in the aftermath of the tax agency targeting conservative groups.» Read More
Attorney General Eric Holder remarks on the AP scandal, as well as the targeting by the IRS on conservative groups.
The charges involve $223 million in fraudulent claims in jurisdictions including Miami, Detroit, Los Angeles and Brooklyn, New York, the Justice Department said.
WELLINGTON, May 9- The United States' chief prosecutor has denied that its investigation into the Megaupload file-sharing site on charges of online piracy is an example of Washington bowing to Hollywood pressure.
Like Old Faithful, Yellowstone will open on time this season, thanks to fundraising efforts, but many federal programs are feeling the pain of sequestration cuts. The NYT reports.
By David Ingram and Naomi Tajitsu. WASHINGTON/ WELLINGTON, May 2- A trip to New Zealand will put America's chief prosecutor on the same soil as a flashy internet mogul who is fighting extradition to the United States on charges he assisted massive piracy of copyrighted movies and music.
WASHINGTON/ WELLINGTON, May 2- A trip to New Zealand will put America's chief prosecutor on the same soil as a flashy internet mogul who is fighting extradition to the United States on charges he assisted massive piracy of copyrighted movies and music.
WASHINGTON, April 24- The U.S. Justice Department will not have to furlough any employees this fiscal year because of the automatic budget cuts that went into effect in March, Attorney General Eric Holder told employees in a memo on Wednesday.
WASHINGTON, April 22- The ethnic Chechen college student suspected in the deadly Boston Marathon bombings will not be treated as an enemy combatant in the legal proceedings, White House spokesman Jay Carney said on Monday. The White House rejected those appeals.
ST. LOUIS, March 22- The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions.
The U.S. government's civil fraud lawsuit against S&P relies heavily on emails in which employees voiced doubts about the integrity of the agency's ratings. But S&P may still come out on top.
NEW YORK, March 11- In early 2007, as signs of distress began appearing in securities backed by residential mortgages, executives at Standard& Poor's began advising analysts responsible for rating mortgage bonds that they should put the phrase "privileged and confidential" on emails to one another.
March 8- Now that it is official that the U.S. Justice Department pulls its punches when it comes to prosecuting the largest banks, it is time for investors to understand why they, too, are the losers.
New rules are being weighed that will hold individuals specifically liable, and older rules- rarely used to take action against executives- will also be explored, top officials from the Office of the Comptroller of Currency and the Treasury Department's illicit finance unit told lawmakers on Thursday.
WASHINGTON, Feb 21- The country's top Wall Street regulators are not expecting layoffs or furloughs in the event that Congress is unable to avoid across-the-board spending cuts known as "sequestration."
WASHINGTON, Feb 20- Faced with what experts say is growing theft of U.S. trade secrets by China and other nations, the White House on Wednesday vowed to protect American businesses and economic security more aggressively and consider tougher laws at home.
*USTR Kirk says trade secret theft from China a growing concern. WASHINGTON, Feb 20- The White House will tackle the theft of U.S. trade secrets on Wednesday with a new strategy to protect American companies from losing hundreds of billions of dollars in an area of growing concern in relations with China.
WASHINGTON, Feb 20- The White House will tackle the theft of U.S. trade secrets on Wednesday with a new strategy to protect American companies from losing hundreds of billions of dollars in an area of growing concern in relations with China.
WASHINGTON, Feb 14- Hundreds of thousands of people made homeless, long waits at airports and criminals going unpunished. Deputy Defense Secretary Ashton Carter told a Senate Appropriations Committee hearing that U.S. military readiness would be eroded by the across-the-board cuts, to be split evenly between military and domestic discretionary programs.
WASHINGTON, Feb 12- A Republican lawmaker has urged U.S. authorities not rush to settle with BP Plc under the U.S.
Feb 5- Barely two weeks after the big subprime lender New Century Financial Corp went bankrupt, a top Standard& Poor's executive assured Congress that her employer could be counted on to sound the alarm for the next credit disaster.