07/24/14 01:15 PM
WASHINGTON (AP) — After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will. Six years ago, Social Security embarked on an aggressive plan to replace outdated...
07/23/14 09:00 PM
WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to...
07/23/14 07:30 PM
WASHINGTON (AP) — Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. S&P's parent McGraw Hill Financial Inc....
07/23/14 04:45 PM
DETROIT (AP) — General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles. The latest recalls cover nearly 823,000 cars, trucks and SUVs mostly in North America but including a small number of exports. The largest is for...
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 funds...
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...
07/23/14 12:00 PM
BEIJING (AP) — Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier. China's food safety agency said on its...
07/23/14 11:46 AM
WASHINGTON (AP) — Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday. The weak link seemed to be call centers that handled applications for frazzled...
By Richard Pollock | 07/22/14 06:17 PM
Stronger cybersecurity measures are needed to protect a federal data-mining system containing the most private financial information on hundreds of millions of Americans, an inspector general warns.
By Richard Pollock | 07/22/14 05:02 PM
One of President Obama's closest White House advisers counts among his key financial supporters a reclusive Swiss billionaire whose company conducted illegal human experiments that resulted in the deaths of three elderly patients.
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.
By Mark Flatten | 07/22/14 06:56 PM
Both Republicans and Democrats endorsed the nomination and said they are certain McDonald will be confirmed by the full Senate as the next head of the VA.
By Kelly Cohen | 07/22/14 05:19 PM
A storage facility in Afghanistan's Helmand province with a price tag of $2.89 million "has never been used," according to an internal government watchdog.
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 Byron York | 08/18/14
By Susan Crabtree | 08/19/14
By Betsy Woodruff | 08/20/14
By Ashe Schow | 08/19/14
By Susan Crabtree | 08/20/14