Search results for

Last year, private-equity firm Lone Star Funds bought up nearly $6.7 billion of Merrill Lynch's credit debt obligations at 22 cents on the dollar. Could that be the private model the Treasury Department wants others to duplicate? Simon Johnson, a professor at MIT and a former chief economist at the International Monetary Fund, offers his insight.

Last week alone, Barack Obama outspent John McCain by about $6 million in television advertising. Jonathan Martin of Politico says there are two elements to the story: Obama's enormous fundraising advantage over McCain, and how much money the Democrat is pouring into advertising in red states.

In Paris, a new chapter in one of sport's greatest rivalries begins this weekend at the French Open. Roger Federer and Rafael Nadal have switched positions at the top of men's tennis. The transition from Federer, the former No. 1, to Nadal, the current top dog, has featured epic matches and displays of raw emotion.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

Former President Donald Trump faces three new charges in the case accusing him of hoarding classified documents as a grand jury continues to investigate his role in trying to overturn 2020's election.

Republicans are looking at a crowded field to challenge President Biden for the 2024 presidential election and most will face off on a Milwaukee stage Wednesday night for the first GOP debate.

"It wasn't like I had to go looking for the drugs and the sex," Anthony DeCurtis says. "Lou wrote about it ... so I felt it was fair game." DeCurtis' new book is Lou Reed: A Life.

As Hamas-Israel misinformation spreads, EU digital chief says social media platforms have to quickly remove content featuring hate speech and disinformation or face big fines under new laws.

Even if the planet warms more than 2 degrees Celsius, the ice sheet can be protected if temperatures cool back down quickly enough.

Peru's per capita COVID-19 death rate is higher than any nation's except for tiny San Marino. The government's awareness campaign slogan is "COVID does not kill by itself. Let's not be accomplices."