More clues to an ongoing financial mystery emerged Thursday on Capitol Hill, with former Treasury Secretary Henry Paulson taking the political stage to declare that it was he who pressured Bank of America to buy Merrill Lynch in December.
JPMorgan Chase, the nation's largest credit-card issuer, has agreed to forgive the debts of 13,000 cardholders who it says were defrauded by a group of Florida debt-settlement companies that promised to rescue them from their credit-card debts.
President Barack Obama's administration will auction off a new batch of oil-drilling leases in the Gulf of Mexico next month in spite of a court ruling that threw out the nation's offshore leasing plan this year.
Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break.
Despite efforts by the federal government and banks to stop the home foreclosure disaster, frustrated borrowers are still battling red tape and delays in their attempts to negotiate lower payments, even as hundreds of thousands of them lose their homes every month.