Search results for

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke testified before the Senate Banking Committee Tuesday about the $700 billion rescue plan for the financial sector. They stressed that it was urgent that lawmakers pass the bill this week. Many committee members were not swayed.

Researchers analyzing recent drug spending in the U.S. say that high-priced drugs for rare diseases aren't having a widespread or significant effect on overall health care spending.

Hospitals have been fighting to block the rankings, but Medicare released them Wednesday. Of the 102 hospitals that got a five-star rating, few are among those generally praised for great care.

At issue are alleged overpayments from the government to the the insurer UnitedHealth Group, which runs popular Medicare Advantage plans.

President Obama announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000. Anything above that would have to be paid in stock that won't vest until the firm has paid back its government loans.

With just eight days left in office, President Bush looked back over eight years in office and talked about his joys and disappointments in his final White House news conference. He also had words of encouragement for his successor, Barack Obama.

The global economic crisis tops the agenda as President Barack Obama meets with Britain's prime minister Tuesday. Gordon Brown is the first European leader to visit the new president. Brown will also address Congress during his U.S. visit.

Congress returns this week with several outstanding issues, including passing a short-term spending bill to avoid a government shutdown.

Faced with the prospect of reshaping college athletics, the U.S. Supreme Court issued potentially transformative ruling Monday in a case that pitted college athletes against the NCAA.

The Guardian newspaper says the insider who blew the whistle on the NSA's probing of major U.S. Internet and telecom companies is a 29-year-old analyst who's been working for the agency under a government contract. His name is Edward Snowden.