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Federal regulators formally approved the merger of the nation's only two satellite radio operators Friday, ending a 16-month-long drama closely watched by Washington and Wall Street. The Senate cleared the last hurdle Friday to passing a housing rescue aimed at sparing hundreds of thousands of homeowners from foreclosure and bolstering troubled mortgage giants Fannie Mae and Freddie Mac.
Bush expands sanctions against Zimbabwe
President Bush signed an executive order on Friday to expand sanctions against what he calls the "illegitimate" regime of Zimbabwe's President Robert Mugabe and his supporters.
$600 stimulus check sent to dead man in Roswell
A $600 stimulus check was sent to a man in Roswell who had died, and his personal representative, a Fulton County magistrate, is quite peeved.
Pa. state contract database is up and running
The state Treasury Department says that a free, searchable online database for state contracts is up and running.
San Francisco is being run by criminals
The mayor of San Francisco has defied the Feds in immigration matters and further has aided and abetted Honduran drug dealers’ escape.
Freddie Mac takes step toward issuing stock
Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when the Securities and Exchange Commission accepted its registration statement filed earlier in the day.
Treasury Dept. lawyer indicted on drug charges
A federal grand jury in Alexandria has indicted a U.S. Treasury Department lawyer for allegedly buying large quantities of methamphetamine with the apparent intent to sell the drug. Congress wants to require executives at Fannie Mae and Freddie Mac to have their pay packages approved by the government as part of a bill to throw a federal lifeline to the mortgage giants.
Fannie, Freddie shares continue downward spiral
Shares of mortgage giants Fannie Mae and Freddie Mac tumbled again Tuesday as investors began to accept their holdings might be wiped out by a government rescue plan. More U.S. Department of the Treasury Stories
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