Potential flaws in foreclosure documents are threatening to throw the real estate industry into a full-blown crisis, as Bank of America on Friday became the first bank to stop sales of foreclosed homes in all 50 states.
Treasury Secretary Timothy F. Geithner told lawmakers Thursday morning that China in recent days has allowed a more rapid rise in its exchange rate, apparently in response to the pressure raised by congressional hearings this week on the matter.
Accusing China of stealing U.S. jobs through "egregious" trade practices, legislators demanded action from the Obama administration Thursday and called for bipartisan legislation giving the Treasury ammunition to penalize China for using an artificially low exchange rate to gain an advantage in trade.
Connecticut's off-again, on-again Senate race has bedeviled prognosticators, but Republican nominee Linda McMahon has now firmly forced the seat back into the competitive column by making it a referendum on the character of rival Richard Blumenthal.
Connecticut Attorney General Richard Blumenthal already was forced to apologize for saying he had served "in" Vietnam in the Marine Reserve rather than stateside. Now his campaign for U.S. Senate is being challenged to explain his assertion that he has "never taken PAC money" and has "rejected all special interest money."
Sen. Michael Bennet, President Obama's candidate, fended off a challenge from Bill Clinton favorite Andrew Romanoff on Tuesday to win the Colorado Democratic Senate primary and avoid the fate of other endangered incumbents this primary season.
Primary voters in four states head to the polls Tuesday, with hotly contested races on tap in three of the four states.
President Obama and congressional Democrats on Wednesday marked another major legislative milestone as he signed into law a sweeping overhaul of the nation's financial regulatory system.
Federal Reserve Chairman Ben S. Bernanke told Congress on Wednesday the economic outlook remains "unusually uncertain" and the central bank is ready to take new steps to keep the recovery alive if the economy worsens.