News

Foreclosure bill debuts in Senate

A controversial bill backers say would speed up the foreclosure process and help jump-start the economy made its Senate debut Monday amid concerns that the measure could leave some homeowners unjustly out in the cold.

Congress targets federal workers for savings

Federal workers were $15 billion losers as Congress looked for ways to pay for parts of the just-passed legislation to extend the payroll tax cut and federal unemployment benefits through the end of the year.

Head of Madigan removed from command during PTSD probe

TACOMA, Wash. — The Army has removed the head of Madigan Army Medical Center during its investigation into whether soldiers had a diagnosis of post-traumatic stress disorder reversed to reduce the cost of a medical retirement.

Quinn to call for spending cuts, action on bills

Gov. Pat Quinn greets lawmakers before delivering his State of the State address Feb.

Conn. attorney general to explain mortgage deal

Connecticut lawmakers will be briefed on the details of a $25 million settlement of a multi-state lawsuit against the nation’s five largest mortgage servicers.

Young people will pay price of inaction on OAS: Finley

Human Resources Minister Diane Finley speaks to a Canadian Club luncheon in Toronto on Tuesday, Feb.

Holding pattern appropriate, says Australia’s central bank

Australia’s central bank kept its benchmark interest rate unchanged this month as risks in Europe abated and said it had scope to ease policy if demand were to “weaken materially,” minutes of its February 7 meeting showed.

China’s Pledge to Support Europe: Reading the Tea Leaves

China’s recent announcements that it supports Europe lack details. The open questions are how might China invest and what it wants in return This week China told the world that it’s committed to helping Europe solve its debt crisis.