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Government Offers Additional $20B to Shore Up Citi
Citigroup stock has moved higher after the government announced a second effort to shore up confidence in the troubled bank. The Treasury Department will backstop the company's bad assets while providing an additional $20 billion in emergency loans.
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U.S.: Unity Not Possible With Mugabe
The chief U.S. diplomat in Africa ratcheted up the language against Zimbabwe's longtime president Robert Mugabe on Sunday. Assistant Secretary of State Jendayi Frazer says the United States won't lift sanctions against that country until Mugabe is gone. NPR's Charlayne Hunter-Gault talks to host Andrea Seabrook about the developments.
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Russia's Gazprom Shuts Off Gas To Ukraine
Russia's gas monopoly Gazprom has begun shutting off natural gas supplies to Ukraine after a deadline passed for talks over a price dispute. There are fears that the cutoff could affect gas deliveries to parts of Europe at the height of the winter season. In 2006, Moscow cut off supplies to Ukraine and caused a brief disruption in gas supplies to Europe. NPR's Gregory Feifer talks with Steve Inskeep about Gazprom's decision.
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Obama Unveils Economic Team
With the economy continuing to sputter, president-elect Barack Obama has held a news conference to announce his economic team. He said they would get to work immediately to craft an economic stimulus package big enough to jump-start the economy.
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Geithner Pushes New Financial Rules; GOP Skeptical
Treasury Secretary Timothy Geithner went to Capitol Hill on Thursday with expansive plans to reduce "systemic risk" in the financial system. He called for new rules and better referees. And he was met with skepticism, particularly from Republicans.
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Obama To Name Supreme Court Nominee
President Obama is expected to nominate federal appeals Judge Sonia Sotomayor to the Supreme Court. She would be the first Hispanic justice. If confirmed by the Senate, Sotomayor would succeed retiring Justice David Souter.
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Bush's Prods to Congress on FISA May Work
President Bush has called once again for the House to adopt a Senate bill on foreign intelligence — and by noon, Democratic Majority Leader Steny Hoyer was saying the House would take up a bill next week. Whether the bill includes the retroactive legal immunity for phone companies that the president demands was not immediately clear.
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It's Easy to Miss the Memo on Product Recalls
Even with the latest buzz surrounding product recalls, it can be difficult to stay updated on what has been cleared off the shelves. One Baltimore art student missed a contact-solution recall announcement — and found out about it the hard way.
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GOP's Giuliani Hopes for a Breakthrough in Florida
Florida is next on the Republican presidential program, and all of the big names are arriving ahead of the vote a week from Tuesday. But one major GOP contender has been working the state all month, counting on a breakthrough there to overcome the influence of the early contests: former New York Mayor Rudolph Giuliani.
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Petraeus, Crocker Push for Iraq Freeze in House
Gen. David Petraeus and Ambassador Ryan Crocker are back on Capitol Hill Wednesday, in an effort to convince lawmakers to freeze U.S. troop levels in Iraq after a small drawdown in the summer. Petraeus and Crocker appear before the House Armed Services and Foreign Affairs committees today.
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