Maxine Waters helped set up a meeting in which the chief executive of a bank with financial ties to her family asked for special bailout funds, officials said.
AP - Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims.
AP - The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.
AP - General Motors Corp. says its restructuring plan is starting to take hold, improving the automaker's fortunes at least to the point that it won't need a $2 billion government loan installment that it had requested for March.
When 13-year-old Alycia Nipp didn't come home from a trip to Wal-Mart, her family had no idea where she was. But a tracking device was transmitting the location of her accused killer, Darrin Sanford. The convicted sex offender was wearing a GPS monitor, a fact that served as fodder for those who claim GPS is used too broadly to track offenders.
The crew of the international space station had a close call with a spent satellite engine in Earth orbit Thursday, forcing the crew to take shelter aboard its return capsule before the object passed harmlessly, NASA said.
Richard Friedman lost more than $3 million to Bernard Madoff's investment scheme. Following the disgraced broker's guilty plea Thursday, Friedman said he hopes Madoff lives a long time.