Washington's so-called "pay czar" Kenneth Feinberg cautioned lawmakers against extending his authority to the hundreds of other companies that accepted government bailout money.
The quarterly reporting period has gotten off to a bang-up start, with 81% of companies outshining analysts' forecasts. But with expectations now raised, the latest crop of strong results has had little impact on the broad market.
AIG has stabilized thanks to a massive government bailout, but more than $120 billion in taxpayer loans to the insurance company remain at risk, according to a report issued Monday by a bailout overseer.
Despite massive security efforts north and south of the border, the drug-fueled killing spree in Mexico is continuing and is on course to surpass last year's record toll, federal officials told Congress Thursday.
The CEO of bailed-out insurer American International Group told Congress on Wednesday that the company has made "substantial" progress in its restructuring efforts, but lawmakers said they wanted more to show for it.
AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company's plan for paying back billions of taxpayer dollars.
Congressional hearings rarely produce much news of interest, or much good for the world, but the House Government Reform Committee did a great service to baseball -- and the country -- on March 17, 2005.
Roger Clemens and his legal team may receive much-needed positive news with Tuesday's publication of Kirk Radomski's new book, Bases Loaded: The Inside Story of the Steroid Era in Baseball by the Central Figure in the Mitchell Report.
A congressional committee scrutinized risks in the hedge fund industry on Thursday to determine whether further regulation is needed.
Top scientists and career employees at the Food and Drug Administration opposed agency regulations that weaken consumers' ability to sue drug makers, congressional investigators said
Washington's so-called "pay czar" Kenneth Feinberg cautioned lawmakers against extending his authority to the hundreds of other companies that accepted government bailout money.
The quarterly reporting period has gotten off to a bang-up start, with 81% of companies outshining analysts' forecasts. But with expectations now raised, the latest crop of strong results has had little impact on the broad market.
AIG has stabilized thanks to a massive government bailout, but more than $120 billion in taxpayer loans to the insurance company remain at risk, according to a report issued Monday by a bailout overseer.
Despite massive security efforts north and south of the border, the drug-fueled killing spree in Mexico is continuing and is on course to surpass last year's record toll, federal officials told Congress Thursday.
The CEO of bailed-out insurer American International Group told Congress on Wednesday that the company has made "substantial" progress in its restructuring efforts, but lawmakers said they wanted more to show for it.
AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company's plan for paying back billions of taxpayer dollars.
Congressional hearings rarely produce much news of interest, or much good for the world, but the House Government Reform Committee did a great service to baseball -- and the country -- on March 17, 2005.
Roger Clemens and his legal team may receive much-needed positive news with Tuesday's publication of Kirk Radomski's new book, Bases Loaded: The Inside Story of the Steroid Era in Baseball by the Central Figure in the Mitchell Report.
A congressional committee scrutinized risks in the hedge fund industry on Thursday to determine whether further regulation is needed.
Top scientists and career employees at the Food and Drug Administration opposed agency regulations that weaken consumers' ability to sue drug makers, congressional investigators said
Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess
The political uproar over AIG spending $440,000 on a beach retreat for its top agents - right on the heels of the insurance giant getting a taxpayer-funded bailout - may mark the beginning of the end for Wall Street's culture of excess.
Two former CEOs of AIG tried to make the case at a Congressional hearing Tuesday that the downfall of the giant insurer and financial services firm wasn't their fault, but rather that of external forces, including an accounting rule.
The White House is missing as many as 225 days of e-mail dating back to 2003 and there is little if any likelihood a recovery effort will be completed by the time the Bush administration leaves office
An Army sergeant complained about faulty wiring in Iraq months before another soldier was fatally electrocuted in a shower in the same quarters, according to documents released Wednesday by a congressional committee.
The chairman of a House panel says a Pentagon workers' compensation program for civilian employees in Iraq and Afghanistan is a "flagrant abuse of taxpayer dollars."
Actor Dennis Quaid told lawmakers Wednesday how his newborn twins came close to death after an overdose of blood-thinning medication, the fault of a drug company that did not recall easily confused bottles despite previous problems, he said.
The head of the U.S. government's top contracting agency has resigned amid accusations of misuse of authority, including allegations that she tried to enlist agency officials to help Republican political hopefuls.
The Army and Marine Corps are allowing convicted felons to serve in increasing numbers, newly released Department of Defense statistics show.
The two top executives at Countrywide Financial Corp. -- the nation's largest mortgage lender -- are slated to receive a combined $19 million in payouts as part of the company's pending takeover by Bank of America, according to regulatory filing this week.
The two top executives at struggling Countrywide Financial Corp., the nation's largest mortgage lender, are slated to receive a combined $19 million in payouts, a regulatory filing shows.
U.S. investigators are looking into accusations that a company hired by the U.S. military supplied corroded and decades-old Chinese ammunition to the Afghan Army and police.
A U.S. House committee chairman has begun an investigation into the electrocutions of at least 12 service members in Iraq
Two high-profile former Wall Street CEOs and the head of the nation's largest home lender will testify Friday before a congressional committee examining the link between executive pay and the mortgage crisis.
Three chief executives with ties to the mortgage crisis were paid $460 million over five years, according to a congressional report issued Thursday.
A person close to the House Oversight and Government Reform Committee with knowledge of its proceedings tells SI.com that Roger Clemens and his legal team made a devastating strategic blunder in regards to the now infamous Jose Canseco lunch party that took place in June 1998. The alleged blunder caused members of the committee and their staff to deeply question Clemens' veracity and the wisdom of his legal team's counsel.
Leading members of the House of Representatives asked the Justice Department on Wednesday to probe whether baseball great Roger Clemens "committed perjury and made knowingly false statements" during a congressional hearing.
The House Oversight and Government Reform Committee's request to the Justice Department may trigger lasting consequences from both legal and political perspectives.
A congressional hearing set to feature three high-profile financial executives has been postponed after the death of a witness's mother.
According to the New York Daily News, federal investigators have a picture provided by a young man who was at the now infamous Jose Canseco house party in 1998 that reportedly shows definitively that another guest was there: Roger Clemens.
Members of Congress on Tuesday called on the Bush administration to increase pressure on Pakistani President Pervez Musharraf to ensure free and fair elections in his nation.
For those expecting another predictable round of wild accusations between Roger Clemens and Brian McNamee during Wednesday's hearing on Capitol Hill, with no clear-cut resolution as to who is telling the truth and who isn't, take note: At least one member of the House Committee on Oversight and Government Reform said he already has a pretty good idea of who's lying.
1) Why would Andy Pettitte, Chuck Knoblauch and Kirk Radomski ask out of the hearing?
Many moons ago, Mad magazine ran photos of prominent politicians with a concise expression of disgust at the bottom of each: Ecccch.
It appears from his one-on-one meetings with members of Congress that Roger Clemens will be sticking to his guns when he goes before the congressional Committee on Oversight and Government Reform on Feb. 13.
1) What physical evidence did Brian McNamee provide the government?
With Chuck Knoblauch having agreed to meet with the congressional Committee on Oversight and Government Reform, the full batting order is set for the Feb. 13 congressional hearing. On Wednesday, Andy Pettitte will meet privately with committee staff members, with Roger Clemens, Brian McNamee, Knoblauch and Kirk Radomski heading to Washington D.C. in the following days.
A House Committee chairman charges that large numbers of crucial Iraq-related messages have vanished. The White House says not so. Who's right?
Late this week came the news that Brian McNamee's quest for immunity in his testimony to the congressional Committee on Oversight and Government Reform is not going as swimmingly as his lawyers had hoped. "[McNamee] wants to testify," says his lawyer Earl Ward, "and we're still trying to work out a solution that would allow him to testify."
One of the controversies in the wake of Tuesday's Congressional hearing is over the existence of a viable test for human growth hormone. Commissioner Bud Selig told the Committee on Oversight and Government Reform that he would support a test for HGH "when a valid, commercially available and practical test for HGH becomes reality, regardless of whether the test is based on blood or urine."
Although the Justice Department has not yet accepted the invitation from Congressmen Henry Waxman and Tom Davis to investigate whether Miguel Tejada lied to the staff of the House Committee on Oversight and Government Reform -- let alone has the Justice Department commenced an investigation or come to findings unfavorable to Tejada -- Tejada could find himself in serious trouble if the government can prove, beyond a reasonable doubt, that he knowingly and willfully lied about a matter material to the Committee's investigation.
Baseball commissioner Bud Selig, union head Donald Fehr and former Senate Majority Leader George Mitchell testified about baseball's steroids issue before the House Committee on Oversight and Government Reform on Tuesday. SI.com's Michael McCann answers the key questions.
In the opener of Congress' baseball/steroids doubleheader, baseball commissioner Bud Selig, union head Donald Fehr and former Senate majority leader George Mitchell are to testify before the House Committee on Oversight and Government Reform on Tuesday. SI.com's Michael McCann answers the key questions.
It's hard to gauge the impact that the playing of a 17-minute, recorded phone conversation between Roger Clemens and Brian McNamee during Clemens' press conference on Jan. 7 had on public opinion. But it doesn't seem to have impressed members of the House Committee on Oversight and Government Reform who will hear testimony from the two men next month. SI.com interviews with seven committee members suggest that the Congressmen and women who will be grilling Clemens and McNamee found the recording, at best, to yield little informational value. At worst, they saw it as tasteless.
When Bud Selig and Don Fehr once again face up to Congress next week, the occasion won't hold anywhere near the drama and intrigue that next month's high-stakes, finger-pointing, lawyered-up Capitol Hill showdown between pitching great Roger Clemens and his one-time trainer, Brian McNamee, promises.
Roger Clemens and Andy Pettitte were asked Friday to testify before a congressional committee on Jan. 16, along with their former trainer, Brian McNamee
Investigators with bomb-making components in their luggage and on their person were able to pass through security checkpoints at 19 U.S. airports without detection, according to the Government Accountability Office.
Donna Zovko walks to her son's grave. Tears stream down her face and she begins trembling amid a steady rain. She kisses her right hand and with it strokes her boy's headstone.
A congressional committee investigating the performance of Blackwater USA questioned whether the private security firm may have evaded paying millions of dollars in taxes.
The founder and chief executive of Blackwater USA defended his company against allegations that his contractors were trigger-happy mercenaries Tuesday, saying that his personnel have distinguished records and have never intentionally killed civilians.
Katy Helvenston never wants Blackwater or America to forget her boy. Scott Helvenston was a decorated Navy man who, at age 17, became one of the youngest Navy SEALs in U.S. history.
Erik Prince, the chairman and CEO of Blackwater USA, appeared Tuesday before the House Committee on Oversight and Government Reform.
The State Department's initial report of last month's incident in which Blackwater guards were accused of killing Iraqi civilians was written by a Blackwater contractor working in the embassy security detail, according to government and industry sources.
One group of Blackwater USA contractors was involved in two separate shootings on September 16, according to a senior Iraqi National Police official who contributed to a report detailing the second shooting.
Blackwater USA guards have used deadly force weekly in Iraq and have inflicted "significant casualties and property damage," according to a congressional staff report released Monday that cites internal company and State Department documents.
The security company's chief will tell a House committee that it is effective in a difficult climate. Will Democrats buy it?
Private military contractor Blackwater USA "delayed and impeded" a congressional probe into the 2004 killings of four of its employees in Falluja, Iraq, the House Oversight Committee said Thursday in a report.
A House committee chairman led the criticism Wednesday about the Bush administration's claim that a White House office involved in a dispute over missing e-mails can keep records from the public.
Calling him the captain of a ship that ran aground, the Army Tuesday announced it has censured a retired three-star general for misleading investigators probing the controversial death of Cpl. Pat Tillman.
Former Defense Secretary Donald Rumsfeld said Wednesday there was no evidence of a cover-up of the circumstances of Army Ranger Cpl. Pat Tillman's death.
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