07/23/14 03:45 PM
WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is to minimize the risk of a mass withdrawal from the...
07/23/14 01:30 PM
NEW YORK (AP) — The politically connected former CEO of a prominent New York City charity was sentenced to prison Wednesday for helping to steal more than $9 million from the anti-poverty organization. William Rapfogel, who once headed the Metropolitan Council on Jewish Poverty, will serve a...
By Luke Rosiak | 07/22/14 05:55 PM
Senate Majority Leader Harry Reid rarely makes time to travel back to Nevada and listen to the voters who sent him to Washington, according to a Washington Examiner review of Senate disbursement records.
07/21/14 06:45 PM
NEW YORK (AP) — A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. The punitive damages — $23,623,718,906.62, to be precise — almost...
By Richard Pollock | 07/21/14 01:42 PM
House Financial Services Committee Chairman Jeb Hensarling is demanding "full, unredacted" emails and financial records from the Consumer Financial Protection Bureau about the exploding costs for its headquarters building renovation.
By Kelly Cohen | 07/18/14 02:30 PM
As many of four out of five buildings the U.S. Army has built for the Afghan military, at a cost of $1.6 billion, face "significant fire hazard." The Corps says the Afghan soldiers are fit enough to run outside if there's a fire.
By Kelly Cohen | 07/16/14 04:44 PM
Department of Defense officials are giving two cargo planes worth more than $100 million to Afghanistan's air force, even though they may not be needed.
By Kelly Cohen | 07/16/14 04:50 PM
Three-fourths of Kansas' subsidized childcare services were given to non-U.S. citizens or families with too-old children, according to a federal watchdog.
By Mark Flatten | 07/16/14 04:09 PM
Even the VA cannot trust its own numbers on delivering health care and processing disability claims, the acting secretary of the agency said as he asked for $17.6 billion in new funding Wednesday.
07/15/14 05:00 AM
ALBANY, N.Y. (AP) — An effort to crack down on cigarette smuggling in New York state has led to the seizure of nearly $1.7 million in cash and untaxed cigarettes and cigars. Gov. Andrew Cuomo on Monday announced the results, which are the culmination of six months of work by the state's new...
07/15/14 05:00 AM
ALBANY, N.Y. (AP) — New York is poised to receive $92 million in cash and at least $90 million in consumer relief as part of a $7 billion national settlement with Citigroup for its handling of risky subprime mortgages that contributed to the national financial crisis in 2008. In the...
07/15/14 01:02 AM
WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades, the...
07/14/14 06:15 PM
NASHVILLE, Tenn. (AP) — The truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has agreed to pay a $92 million penalty for cheating customers out of promised rebates and discounts, authorities announced Monday. In an agreement with the U.S....
07/14/14 05:00 PM
WASHINGTON (AP) — Ernst & Young has agreed to pay $4 million to settle civil charges of compromising its independence by lobbying Congress on behalf of two companies whose books it audited. The Securities and Exchange Commission announced the settlement Monday with New York-based company, one...
07/14/14 03:15 PM
CHICAGO (AP) — Illinois Attorney General Lisa Madigan filed lawsuits Monday against two companies she says are scamming people who are paying student loan debts. The lawsuits, filed in Cook and Champaign counties, alleged "deceptive practices" for charging up-front fees for phony services or...
By Byron York | 07/23/14
By Richard Pollock | 07/23/14
By Luke Rosiak | 07/23/14
By Susan Crabtree | 07/23/14
By Philip Klein | 07/22/14