The White House forced out G.M.’s C.E.O. and instructed Chrysler to form a partnership with the Italian automaker Fiat within 30 days as a condition for a new round of aid to be detailed Monday.
Lawmakers on Capitol Hill are hearing echoes of the Jack Ambramoff scandal after federal prosecutors raided the office and home of Paul Magliocchetti, one of K Street’s top lobbyists.
As world leaders gather this week, China and other rising powers see the fund as a place to begin staking their claim to a greater voice in economic affairs.
AP - The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants.
AP - Weary residents of this sandbagged city came together in churches Sunday, counting their blessings that the Red River finally stopped rising and praying the levees would hold back its wrath. A brief levee break that swamped a school warned them of the threat they face in days ahead.
AP - A gunman barged into a North Carolina nursing home Sunday morning and started "shooting everything," going room to room in a terrifying rampage that killed seven residents — most in their late 80s — and a nurse who cared for them.
A gunman opened fire in a nursing home, killing seven patients and a nurse in Carthage, North Carolina, police said. The gunman was shot by a police officer during the attack, and his condition "is currently unknown," Carthage Police Chief Chris McKenzie said. The patients killed range in age from 78 to 98.
Nearly 1,300 computers in more than 100 countries have been attacked and have become part of an computer espionage network apparently based in China, security experts alleged in two reports Sunday.