Banking executives from some of the country’s largest banks rigged bids and paid kickbacks to win deals involving municipal bond sales, a scheme that may have cost taxpayers as much as $1 billion and is the biggest criminal conspiracy in the history of the 198-year-old municipal finance market, according to documents filed in a New York Federal court.
Market analysts believe that General Motors’ (GM) debut on the New York Stock Exchange was a good start.
The GOP does not have majority in the House quite yet, but Republicans are already succeeding in obstructing Democratic legislation.
The group Tea Party Nation (TPN) has sent a letter to Congress in hopes of discrediting the validity of another organization claiming to be part of the Tea Party movement.
New studies on menthol cigarettes have prompted the U.S. Food and Drug Administration (FDA) to review the safety of the flavored tobacco products.
Senate Republicans are at odds about the prospect of major cuts to the nation’s defense budget.
Republican National Committee (RNC) chairman Michael Steele has not yet decided if he’ll run for re-election, but if he does, he’ll have some competition.
The House ethics committee’s chief counsel has recommended that Representative Charles Rangel be censured.
Sarah Palin hasn’t decided if she’ll run for President in 2012, but she believes she can beat Barack Obama in an election.
Some immigration experts believe that the new Republican-led House of Representatives will be more focused on enforcing immigration law, rather than pushing through a comprehensive reform of the currently broken system.