Charles Prince and Robert Rubin, who led Citigroup in the run-up to the 2008 banking crisis, came under heavy fire in a congressional panel hearing for being blind to Citigroup taking on huge financial risks under their watch, leading ultimately to the bank's near collapse, prevented only by a $45-billion (29 billion pound) taxpayer bailout.
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Vastly improved human-intelligence operations in the Middle East has helped US Central Command make progress in planning targeted air strikes on Iranian nuclear facilities. Israel has been brought into the planning process.
read moreThis morning, the Senate voted 60-39 to pass the Patient Protection and Affordable Care Act, after overcoming a series of procedural hurdles and delay tactics by Republicans that were designed to stop the bill from ever reaching the Senate floor for a vote on final passage. DNC Chairman Tim Kaine called the historic vote "a victory for the American people."
President Obama spoke to the fired up crowd of folks who'd made it through the snow to hear him address the Democratic Party's 2010 Winter Meeting in Washington, D.C. In his speech, the President reiterated his fierce commitment to fighting for health insurance reform.
Earlier today Representative Jon Garamendi was sworn in as the newest member of Congress. Garamendi was elected this past Tuesday and will represent the tenth Congressional district in California. The position became vacant when Rep. Jane Harman was confirmed by the Senate as Under Secretary of State for Arms Control and International Security.
Today President Obama signed the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act into law, legislation that will extend new federal protections to people who are victims of violent crime because of their gender, sexual orientation or identity, or disability.
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