An independent review panel says the plan for a high-speed rail corridor linking northern and southern California poses 'an immense financial risk' to the state and should not move forward.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Mitt Romney eagerly pocketed an endorsement from two-time New Hampshire primary winner John McCain on Wednesday and bid to convert a single-digit victory in Iowa into a Republican presidential campaign juggernaut. Unimpressed, Newt Gingrich ridiculed the former Massachusetts governor as a liberal turned moderate now masquerading as a conservative.
AP - Defying Republican lawmakers, President Barack Obama on Wednesday barreled by the Senate and installed a national consumer watchdog on his own, provoking GOP threats of a constitutional showdown in the courts. Setting a fierce tone in the election-year fight for middle-class voters, Obama said: "I refuse to take `no' for an answer."
AP - Facing fresh scrutiny after he nearly defeated Mitt Romney in Iowa's lead-off caucuses, Republican presidential contender Rick Santorum on Wednesday defended votes and statements that are earning him a second look for the wrong reasons.
A reshaped presidential race moved away from Iowa as Mitt Romney won the backing of an old rival and Michele Bachmann dropped out after a poor showing.
Matt Welch says the alleged party of limited government may be on the verge of nominating a salable candidate who doesn't seem to represent its big issues