More in ‘Washington’

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AIG to pay back Federal Reserve $21 billion credit line

AHN News Staff New York, New York, United States (AHN) – The American International Group announced Wednesday it will repay the U.S. Federal Reserve $21 billion credit line. AIG will fund the repayment from the sales of two life insurers from outside the U.S. After paying back what AIG borrowed from the regulator in 2008 [...]

Riding On Economy, Patriotism Services Surpass Recruiting, Retention Goals

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The services already are off to a good start, with both active and reserve components meeting or exceeding their year-to-date accession goals, Curtis Gilroy, the Pentagon’s accession policy director, said. “The improved situation in Iraq and continued support from Congress also greatly enhance [...]

House Ethics Panel Holds Trial Without Rangel

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – The House Ethics Committee continued its hearing Monday on alleged violations committed by Rep. Charles Rangel (D-NY), who had asked to delay the trial so he could set up a legal defense fund. Rangel, a 21-term lawmaker and the former chair of the [...]

Gross Domestic Product Grew At A Tepid 2% During Q3

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Real gross domestic product (GDP) grew at an annual rate of 2 percent during the third quarter of 2010, according to the first estimate released Friday by the U.S. Commerce Department’s Bureau of Economic Analysis. This compared to private sector expectations of 2.1 [...]

Financial Experts Say Corporate Executives Should Assume Personal Risks

Tom Ramstack – AHN News Correspondent Washington, D,C., United States (AHN) – Financial analysts told a special congressional panel Thursday that corporate executives should have their pay tied more closely to the investment risks of their companies.   Congress is investigating claims that excessive executive compensation contributed to the housing crisis and recession that started [...]

U.S. Acknowledges Nexus Between Pakistani Agents, Extremists

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The United States on Thursday expressed concern about ongoing cooperation between Pakistan’s Inter-Services Intelligence (ISI) and terrorist organizations operating in the region and beyond. Pentagon spokesman Col. Dave Lapan told journalists that some elements within the ISI are providing assistance to terrorists, adding [...]

Rouse Replaces Emanuel, Obama: “Bittersweet Day At The White House”

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – President Barack Obama made a special appearance on Friday to bid farewell to teary-eyed Rahm Emanuel, the incumbent chief of staff, calling him “an incomparable leader.” Obama also announced his “wise, skillful, and longtime counselor, Pete Rouse,” as the new “interim chief of [...]

Obama Appoints Warren To Create New Consumer Protection Agency


Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – President Barack Obama on Friday appointed Elizabeth Warren giving her charge of the creative process involved in the floating of Consumer Financial Protection Bureau. At the Rose Garden, the president noted in his remarks to the journalists, “The Consumer Financial Protection Bureau, which [...]

Burlington Recalls Children’s Jackets With Drawstrings

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – Burlington Coat Factory wants customers to return thousands of children’s jackets with drawstrings that could pose a strangulation hazard. The New Jersey-based company is voluntarily recalling about 10,000 hooded jackets and sweatshirts. The clothes were made in China, Cambodia, Korea and the United [...]

Small Business Loan Advisor – Does Obama’s Economic Stimulus Bill Help Small Businesses?

photo credit: markhillary If you are a small business owner that has toyed with the idea of a SBA loan, is there anything beneficial in the new economic recovery act (“The American Recovery and Reinvestment Act of 2009″) that will help me? It may surprise you to learn there is. No, I am not a [...]