WASHINGTON - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission.
WASHINGTON - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion. He predicted lawmakers would approve a mammoth revitalization package within two weeks of his taking office.
DAYTON, Ohio - A man was arrested in the shooting death of a woman whose 4-year son was abducted and left unharmed at a highway rest area, authorities said Monday.
WASHINGTON (AFP) - The Bush family's 18-year-old cat, India, has died at the White House, First Lady Laura Bush's office announced Monday.
LONDON - Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed.
Oakton, Va. - In this season of new resolutions, Americans would do well to rethink their perceptions of Jimmy Carter. President Carter has suffered the misfortune of having his legacy almost entirely shaped by his political enemies rather than by objective reality or a basic sense of American fairness.
DUBAI, United Arab Emirates - The call to use oil as a weapon against Israel's friends once would have echoed in capitals across the Middle East. But even as fighting widens in Gaza, threats of an oil embargo by some in Iran and Bahrain are falling flat.
GAZA CITY, Gaza Strip - Wailing in grief, Salah Samouni banged his head against a wall inside the hospital morgue where the bodies of his three young nephews lay on the floor Monday.
DETROIT - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.
WASHINGTON - Two Democratic officials say President-elect Barack Obama has chosen former Clinton White House chief of staff Leon Panetta to run the CIA. Panetta was a surprise pick for the post, with no experience in the intelligence world. An Obama transition official and another Democrat disclosed his nomination on a condition of anonymity since it was not yet public.
Tel Aviv - Escalating a week-long assault against Hamas, Israel invaded Gaza over the weekend to stop the Islamist militants who continue to launch cross-border rocket attacks.
WASHINGTON - President-elect Barack Obama's decision to fill the nation's top intelligence jobs with two men short on direct experience in intelligence gathering surprised the spy community and signaled the Democrat's intention for a clean break from Bush administration policies.
Jan. 5 (Bloomberg) -- President-elect Barack Obama’s economic stimulus package will include hundreds of billions of dollars worth of tax breaks for individuals and businesses, according to a transition official and Democratic aides.
BAGHDAD (Reuters) - The United States dedicated its new embassy building in Baghdad on Monday, a step meant to symbolize its transition from occupying power to an ally of a sovereign Iraqi government.
CHICAGO (Reuters) - A single gene appears to play a crucial role in deadly breast cancers, increasing the chances the cancer will spread and making it resistant to chemotherapy, U.S. researchers said on Monday.
Washington - The waistlines of America's youth are expanding, shrinking the pool of those eligible to join the US military. But an Army program is giving overweight enlistees a second chance – and helping the military with its own expansion.
NEW YORK - Apple Inc. founder Steve Jobs, a survivor of pancreatic cancer whose gaunt appearance in the past year has alarmed the Mac and iPod lovers who look to him as an oracle, said Monday he has an easily treated hormone imbalance and will remain in charge of the company.
LONDON (Reuters) - Pink iguanas unknown to Charles Darwin during his visits to the Galapagos islands may provide evidence of species divergence far earlier than the English naturalist's famous finches, researchers said Monday.
BERLIN (Reuters) - Three German children aged five, six and seven who said they were fed up with cold weather at home set off on a voyage to Africa but only got as far as the local train station, police said on Monday.
WASHINGTON - A conservation group filed a federal lawsuit Monday to force the U.S. Environmental Protection Agency to enforce the law and clean up the polluted Chesapeake Bay, citing 25 years of failure to restore the nation's largest estuary.