Probe finds Army charity is hoarding millions: Military's biggest charity is stockpiling cash, rather than using it for aid
Obama pledges to halve US deficit: The Obama administration, which has just pushed through a $787 billion economic stimulus package, also announced more funding for ailing US banks on Monday amid a continuing economic crisis.
In Latest Plan for Banks, U.S. Could Demand Voting Stake: The Obama administration put the nation’s biggest banks on notice Monday that the government could become their biggest shareholder if regulators decide they are not strong enough to weather a deeper-than-expected downturn in the economy.
Get ready for a wave of bank failures: In less than two months, regulators have seized 14 banks. Experts think many more banks will collapse before the financial crisis is over.
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