Senator Thad Cochran bought shares of Crimson Exploration Inc., a Houston-based oil company, in two trades a week apart last fall. The shares climbed for six weeks and Cochran sold them on Dec. 15 for a profit.
President Barack Obama is proposing a fundamental shift in how the U.S. feeds the hungry overseas, a plan the administration says will help more people for less money though critics warn it will cost jobs at home.
Chuck Hagel was sworn in as U.S. defense secretary today, battered politically by a confirmation fight even as he takes on challenges from Pentagon budget cuts to withdrawing U.S. forces from Afghanistan.
Chuck Hagel’s chances of winning Senate confirmation as President Barack Obama’s next defense secretary gained momentum as Republicans led by John McCain said they would oppose any attempt to block a vote on the nominee.
Cruelty, fear, cowardice, xenophobia and disrespect invaded the inner sanctum of the U.S. government this week, bringing embarrassment and dishonor to what was once the greatest deliberative body in the world: the U.S. Senate.
House Minority Leader John Boehner rails against government spending yet votes for a $485 million appropriation for the F-35 Joint Strike Fighter’s alternative engine, which the Pentagon wants to kill. Boehner’s district is near the General Electric plant that’s building the engine.
JPMorgan Chase & Co. , sued by the trustee for Bernard Madoff’s defunct firm for $6.4 billion for allegedly aiding the con man’s fraud, asked a judge to remove the case from bankruptcy court because it raises “novel and unsettled questions” beyond the court’s scope and expertise.