Thirteen Senate Democrats joined Republicans in rejecting a $245 billion 'doc fix’ to prevent cuts in payments to Medicare doctors. Majority leader Harry Reid said the Senate will address the issue again after health reform.
The seven companies that received the biggest bailouts are expected to cut the salaries of their 25 best-paid executives by an average of about 90 percent from last year.
After more than seven months in Taliban captivity in Pakistan’s tribal areas, David Rohde, a Times reporter, and an Afghan colleague decided to attempt a daring escape.
Discounts for late nights and weekends would be a break from a fare model that could be the city’s biggest transportation revolution since the demise of the token.
AP - The United States built pressure on Afghan President Hamid Karzai on Wednesday, signaling that a troop increase could hinge on a successful runoff election and that the Obama administration would be receptive to a power-sharing deal between Karzai and his chief rival.
AP - A Massachusetts man and two friends tried and failed to get into terrorist training camps and then plotted to kill two prominent U.S. politicians and randomly shoot people at American shopping malls, authorities said Wednesday.
AP - The Treasury Department is expected in the next few days to order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, according to a person familiar with the matter.
A new lawsuit alleges that convicted swindler Bernie Madoff financed a cocaine-fueled work environment and a "culture of sexual deviance," and he diverted money to his London, England, office when he believed federal authorities were closing in at home. Among the allegations in the 264-page lawsuit are that during the mid-1970s, Madoff began sending employees to buy drugs for company use.
A mistrial has been declared in the trial of two people accused of attempting to extort millions from actor John Travolta after the death of his 16-year-old son, Jett. Judge Anita Allen thought a juror had had inappropriate communications outside of the jury room, where jurors had been deliberating for eight hours. Jett Travolta died in January after suffering a seizure at the family's vacation home on the island of Grand Bahamas.
Semion Mogilevich may be the most powerful man you've never heard of. The FBI says Mogilevich, a Russian mobster, has been involved in arms trafficking, prostitution, extortion and murder for hire. Mogilevich's alleged brutality, financial savvy and international influence have earned him a slot on the FBI's Ten Most Wanted Fugitives list.