Orders President Bush signed in July authorizing raids by special operations forces in the areas of Pakistan controlled by the Taliban and Al Qaeda and undertaking those raids without official Pakistani consent, have roots stretching back to the days
Firing by Pakistani troops forced two U.S. military helicopters to turn back to Afghanistan after they crossed into Pakistani territory early on Monday, Pakistani security officials said. The incident took place near Angor Adda, a village in the trib
The US Army just awarded a $4 million contract to begin developing "thought helmets" that harness brain waves for secure communication among troops. Ultimately, it will "lead to direct mental control of military systems by thought alon
The U.S. financial system this weekend faced its gravest crisis in modern times, as regulators resorted to triage on Wall Street to contain the spreading damage from a meltdown in the housing and mortgage market.
A bankruptcy by Lehman Brothers may prompt the sale of its $32.6 billion of commercial real estate investments, and that just may be the jolt the U.S. property market needs to get sales started again, some real estate executives said.
The new bill instructs the U.S. Treasury and Federal Reserve to work together with the Attorney General’s office to establish what is acceptable under the provisions of the Unlawful Internet Gambling Enforcement Act (UIGEA). The bill is expected to b
When FDIC head says her agency might have to bolster the FDIC's insurance fund with Treasury borrowings to pay for the new spate of bank failures, a lot of us assumed there's an actual FDIC fund in need of bolstering. We were wrong.
Lehman Brothers said early Monday it will file for bankruptcy, becoming the largest financial firm to fail in the global credit crisis, after federal officials refused to help other companies buy the investment bank by putting up taxpayer money as a
[blame game] In May, David Einhorn, one of the most vocal short sellers on Wall Street, made no secret he was betting against Lehman Brothers. Now, some investors are afraid that fund managers like him will take advantage of the climate of fear stirr
The big insurance company, the American International Group, was seeking a $40 billion bridge loan Sunday night from the Federal Reserve, as it faces a potential downgrade from credit ratings agencies that could spell its doom, a person briefed on th
Bank of America struck a $50 billion deal yesterday to buy Merrill Lynch, a merger that will unite the nation's largest consumer bank with one of its most celebrated investment banking firms, according to sources familiar with the negotiations.
Carlos Zambrano pitched the first no-hitter by a Chicago Cubs player in 36 years when he shut out the Houston Astros 5-0 in Milwaukee, Wisconsin on Sunday. Zambrano (14-5) struck out 10, hit one batter and walked another over nine innings in his firs
With a nod from Cheney, Hayden walked through the program's vital mission. Gonzales said top lawyers at the NSA and Justice had green-lighted the program from the beginning. Now Attorney General John D. Ashcroft was in the hospital, and James B.
[wanna bet?] The government yesterday said it would not allow Fannie Mae and Freddie Mac to pay their departing chief executives the separation payments, known as "golden parachutes," outlined in their contracts.
Gov. Sarah Palin lives by the maxim that all politics is local, not to mention personal.
So when there was a vacancy at the top of the State Division of Agriculture, she appointed a high school classmate, Franci Havemeister, to the $95,000-a-year
There is now a serious effort by some in the Libertarian Party to remove Barr as its presidential nominee. In order for this to happen, the matter must be voted upon by members of the Libertarian National Committee. A motion has been written calling
The Bush administration is pushing through a broad array of foreign weapons deals as it seeks to rearm Iraq and Afghanistan, contain North Korea and Iran, and solidify ties with onetime Russian allies.
Barclays, considered the leading contender to buy all or part of Lehman, said Sunday that it could not reach a deal without financial support from the federal government or other banks, making a liquidation more likely.
Pakistan's army chief, responding to a series of U.S. military strikes into Pakistan's tribal areas, pledged Friday to safeguard the country's territorial integrity and claimed the full backing of Pakistan's elected civilian governmen
It's sad, of course, that Mayor Calvo's dogs were blown away, left for hours in pools of blood on the floors. It's unfortunate his front door had to be burst open, that it was necessary to plant his mother-in-law on the floor, arms bound,
An American bombing that killed up to 90 Afghan civilians last month was based on false information provided by a rival tribe and did not kill a single Taliban fighter, the president's spokesman said. The claim contradicted a US contention that t
Gas prices are poised to shoot back toward record highs after Hurricane Ike's direct hit to the heart of the nation's oil refineries, analysts said. The average price of gasoline nationwide has already shot up 12 cents in the past two days
The security aid package the US has refused to give Israel for the past few months out of concern that Israel would use it to attack nuclear facilities in Iran included a large number of "bunker-buster" bombs, permission to use an air corri