The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each.
President Barack Obama will award the Presidential Medal of Freedom to 16 people, including political ally Sen. Edward M. Kennedy, tennis legend Billie Jean King and Archbishop Desmond Tutu of South Africa.
Henry Louis Gates Jr. felt the hairs on the back of his neck stand up as he looked across the threshold of his home at Sgt. James Crowley. Looking back at Gates, Crowley worried about making it home safely to his wife and three children.
Using money as bait, President Barack Obama challenged states and school districts Friday to raise their academic standards, improve teacher quality and allow more innovation if they want a chance at roughly $5 billion in new grants.
Trying to tamp down an uproar over race, President Barack Obama said Friday he used an unfortunate choice of words in commenting on the arrest of black scholar Henry Louis Gates Jr. and could have "calibrated those words differently."