Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.
Congress got its first behind-the-scenes look Wednesday at the botched airline bombing and officials said the security failures were even worse than President Barack Obama outlined last week. It remains unclear, however, how those failures will be fixed.
U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.
A New York aviation services company has offered to buy International Lease Finance Corp. in Los Angeles for more than $12 billion in a deal that would sever the aircraft leasing firm's ties to the nation's biggest government bailout.
One of the most brutal years in the history of the automotive industry is mercifully drawing to a close, and a relatively strong December of U.S. sales could very well set the stage for a recovery in 2010.