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Holder accepts Obama Justice offer: senior Democrat
WASHINGTON (Reuters) - Former Deputy Attorney General Eric Holder has accepted U.S. President-elect Barack Obama's conditional offer to head the Justice Department, a senior Democrat said on Tuesday.
Washington debates bailout
WASHINGTON (Reuters) - The Treasury defended its handling of the financial bailout on Tuesday as American auto and banking woes reverberated around the globe and the International Monetary Fund said it would need rapidly increasing amounts of extra funding to fight the downturn.
Yahoo shares soar as Yang agrees to quit CEO post
SAN FRANCISCO (Reuters) - Shares of Yahoo Inc soared 10 percent on Tuesday on hopes that the departure of Jerry Yang, its embattled chief executive, would clear the way for a deal with Microsoft Corp.
Auto chief execs ask Senate panel for bailout
WASHINGTON (Reuters) - The chief executives of General Motors Corp, Ford Motor Co and Chrysler submitted testimony Tuesday to the U.S. Senate Banking Committee.
Iraq PM says pact's critics want U.S. troops to stay
BAGHDAD (Reuters) - Prime Minister Nuri al-Maliki on Tuesday attacked critics of a pact giving U.S. troops three years to leave Iraq, saying they wanted the Americans to stay just so they could agitate against them.
Hijacked Saudi tanker reaches Somalia
BOSASSO, Somalia (Reuters) - A Saudi supertanker seized by pirates with a $100 million oil cargo in the world's biggest ship hijacking reached Somalia on Tuesday, and another ship was captured in the perilous waters off the lawless state.
Clinton job for Obama may depend on Bill
WASHINGTON (Reuters) - If Sen. Hillary Clinton is to be picked by President-elect Barack Obama as his secretary of state, it may well depend on a review of the business activities of her husband, former President Bill Clinton.
Lawmakers, Treasury lock horns on foreclosures
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.
Paulson defends bailout spending
Nov 18 - Treasury Secretary Henry Paulson said the $700-billion Troubled Asset Relief Program, or TARP, should not be used to purchase so-called toxic assets
McCain-backer Lieberman keeps Senate chairmanship
WASHINGTON (Reuters) - Senate Democrats on Tuesday yielded to the wishes of President-elect Barack Obama and allowed Joe Lieberman to keep his committee chairmanship despite having backed Republican John McCain for the White House.
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