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GM files for bankruptcy protection

Posted: 06/01/2009 - General Motors has filed for bankruptcy protection as part of an Obama administration plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

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Chrysler heads back to bankruptcy court today

Posted: 05/29/2009 - It'll take at least one more day for a judge to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA.

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Army chief: US able to fight North Korea if necessary

Posted: 05/29/2009 - Defense Secretary Robert Gates is playing down the tensions stemming from North Korea's nuclear and missile tests this week, but the Army's top officer says the U.S. could fight an old-fashioned war against the communist regime if necessary.

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Obama, Abbas to meet today

Posted: 05/28/2009 - President Barack Obama meets with Palestinian President Mahmoud Abbas today as he continues talks with Mideast leaders.

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Sessions: Sotomayor must explain policy remark

Posted: 05/27/2009 - The top Republican on the Senate Judiciary Committee says senators must carefully study Supreme Court nominee Sonia Sotomayor's statement about federal appellate courts making legal policy.

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GM debt swap fails; bankruptcy may be unavoidable

Posted: 05/27/2009 - General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the automaker is almost certainly headed for bankruptcy protection.

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Recession to end this year?

Posted: 05/27/2009 - A survey of leading economic forecasters is suggesting an end to the recession later this year.

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Govt to announce billions today for green jobs, training

Posted: 05/26/2009 - Housing Secretary Shaun Donovan is scheduled to announce today that some of the $4 billion in public housing money from the economic stimulus package will focus on improving energy efficiency.

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Vatican launches Facebook application

Posted: 05/22/2009 - Pope Benedict XVI has entered the world of social networking sites and smartphones with a Vatican portal that includes Facebook and iPhone applications.

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Gates defends decision to close Gitmo

Posted: 05/22/2009 - Defense Secretary Robert Gates says the Obama administration had no choice but to order the shutdown of the prison at Guantanamo because "the name itself is a condemnation" of U.S. anti-terrorism strategy.

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