Senator Arlen Specter said his opponent in this week’s Democratic primary in Pennsylvania, Representative Joe Sestak , wouldn’t have what it takes to defeat the Republican nominee in the general election.
U.S. Senator Arlen Specter lost the Pennsylvania Democratic primary today, bringing an end to his 30-year Senate career a year after he switched from the Republican Party, according to the Associated Press.
President Bill Clinton acted as an intermediary for the White House in talks with Representative Joe Sestak about giving up his plan to run in Pennsylvania’s Democratic Senate primary, according to a memorandum from the White House counsel’s office.
Goldman Sachs Group Inc. agreed to pay $550 million and change its business practices to settle U.S. regulatory claims it misled investors in collateralized debt obligations linked to subprime mortgages.