Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said Thursday.
President Barack Obama marked his first 100 days in office Wednesday with a broad assurance that the country is on the road to recovery and that there is no cause for panic on threats ranging from the swine flu to nuclear weapons in Pakistan.
The Supreme Court's conservative justices led a sustained attack Wednesday on a key element of the Voting Rights Act, questioning whether one-time bastions of segregation still should be held to account for past discrimination.
Federal Reserve policymakers are weighing whether additional steps are needed to brace the economy as an outbreak of the swine flu has emerged as a potential new danger that could aggravate the recession.
Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that "stress test" results show they may need to raise additional capital, The Wall Street Journal said Tuesday.