Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution's federal takeover.
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Why the Department of Defense needs a lesson in risk management.
Ethan Miller/Getty Images
Top gun: The Air Force has a fondness for fancy toys of questionable necessity.
In what may long be remembered as a turning point in the Pentagon’s approach to investing in technology, U.S. Defense Secretary Robert Gates earlier this year publicly questioned the Air Force’s commitment to its F-22 Raptor, a stealthy fighter that was built to win dogfights against a Soviet adversary.
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By Chris Strohm, CongressDaily
The Senate approved by a 69-28 vote Wednesday a sweeping revision of the Foreign Intelligence Surveillance Act, giving the Bush administration long-sought spying powers and legal protections for telecommunications companies that have helped the government conduct electronic surveillance on U.S. residents without warrants. Enough Democrats joined Republicans to defeat three amendments to the bill that would have rolled back legal protections for the telecom firms. Presumptive Democratic presidential nominee Sen. Barack Obama of Illinois, voted for all three amendments, while Arizona Sen. John McCain his presumptive Republican rival for the White House, was absent. President Bush is expected to sign the bill, ending nearly a year of bitter partisan wrangling in the House and Senate over modernizing FISA.
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Even as the Bush administration moved to rescue the nation's largest two mortgage companies, confidence in the banking sector spiraled downward Monday.
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