Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.
The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.
Democrats sought to limit increases in the cost of insurance sold under a sweeping health care bill Friday as they labored to clear the final obstacle to a September showdown on President Barack Obama's top domestic priority.
Vice President Joe Biden touted the $787 billion federal stimulus effort on Friday, saying he sees signs that the recession could end soon, but also called the package "the most misunderstood" piece of legislation.
The organization that gave birth to the modern civil rights movement is in danger of missing out on a chance to capitalize on the country's conversation on race, despite President Barack Obama's historic campaign and election.