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Obama Taps Kan. Gov. Sebelius as Health Chief

Posted: 03/02/2009 - It's official. President Barack Obama says he has chosen Kansas Gov. Kathleen Sebelius for health and human services secretary and Nancy-Ann DeParle as the director of the White House Office for Health Reform.

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AIG posts $61.7B 4Q loss, bailout is restructured

Updated: 03/02/2009 - American International Group Inc., once the world's largest insurer, said Monday it lost $61.7 billion in the fourth quarter, the biggest quarterly loss in U.S. corporate history, amid continued financial market turmoil.

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Moffett resigning as Freddie Mac C.E.O.

Updated: 03/02/2009 - The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mortgage losses and plans to ask the government for up to $35 billion in additional aid.

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Consumer spending rises in Jan., unlikely to last

Updated: 03/02/2009 - Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items. But the increase is expected to be fleeting given all the problems facing the economy.

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Court refuses to take case on coach's team prayer

Updated: 03/02/2009 - The Supreme Court has rejected an appeal from a high school football coach who wants to bow his head and kneel during prayers led by his players despite a school district policy prohibiting it.

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Court turns down Agent Orange cases

Updated: 03/02/2009 - The Supreme Court has turned down American and Vietnamese victims of Agent Orange who wanted to pursue lawsuits against companies that made the toxic chemical defoliant used in the Vietnam War.

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Blackwater Founder Steps Down As CEO

Posted: 03/02/2009 - Erik Prince, the founder of the beleaguered Blackwater security company, announced Monday he has stepped aside as the company's chief executive officer.

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Source: AIG to Get up to $30B More in Fed Aid

Posted: 03/01/2009 - Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, a person familiar with the matter told The Associated Press on Sunday.

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`Rockefeller' Asks Judge to Drop Fake Name Charge

Posted: 03/01/2009 - The man who calls himself Clark Rockefeller is asking a judge to dismiss a charge that he gave a false name when he was arrested in the kidnapping of his daughter.

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NC Military Mom Heads for Fort Benning With Kids

Posted: 03/01/2009 - A North Carolina woman who was recalled to the Army four years after being honorably discharged is braving the winter storm pounding the Southeast to report for duty, with her children by her side.

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Maverick Specter's Toughest Vote Could Be Ahead

Posted: 03/01/2009 - Twenty-nine years into his U.S. Senate career, Arlen Specter cast what he calls his most difficult vote - a "yes" on the $787 billion economic stimulus bill that made him the only Republican facing re-election in 2010 to support it.

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Plans Slowed But Not Derailed for Horse Refuge

Posted: 03/01/2009 - The worst economy in a generation and a changing-of-the-guard in Washington, D.C., has slowed progress but not the wife of a Texas billionaire's enthusiasm to create a wild horse sanctuary in the West and save tens of thousands of animals from doom.

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Agent: 2 NFL Players Among Fla. Missing Boaters

Posted: 03/01/2009 - Two NFL players are among a group of boaters reported missing off Florida's Gulf Coast. Sports agent Ron Del Duca said his client, Detroit Lions defensive end Corey Smith, and Oakland Raiders linebacker Marquis Cooper were two of the four boaters who were reported missing Sunday morning by the Coast Guard.

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Confusion a Part of Health Care Plan in Stimulus

Posted: 03/01/2009 - The Obama administration rushed to include a health care safety net for laid-off workers in the recently signed stimulus bill, but has not told employers exactly how to make it work.

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Obama Taps Sebelius for HHS Secretary

Updated: 02/28/2009 - A White House source says Kansas Gov. Kathleen Sebelius is President Barack Obama's choice for secretary of health and human services.

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Excerpts from Warren Buffett's Annual Letter

Posted: 02/28/2009 - Revered investor Warren Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning. Buffett recounted a painful year for his Omaha-based company and the U.S. economy, but the billionaire also offered a hopeful view of the nation's future. The full letter is available online at www.berkshirehathaway.com.

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High Court Looks at Prisoners' Right to DNA Test

Posted: 02/28/2009 - William Osborne says he's a victim of mistaken identity and a DNA test would prove it. Alaska prosecutors say his rape and attempted murder convictions are as solid as can be, and would be pointless to revisit.

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