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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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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 Announces Limits to Executive Pay
President Barack Obama and Treasury Secretary Tim Geithner have announced stricter rules on executive compensation at banks receiving "exceptional" levels of aid from the federal government. Some executives will have their annual salary capped at $500,000.
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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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Utah, Ariz. Prosecutors Vow Not to Raid Polygamists
The attorneys general of Utah and Arizona say they won't do what Texas did. They won't raid polygamist groups in their states, even though the polygamists targeted in Texas last month are based on the Utah-Arizona border. The officials spoke at a town meeting on polygamy Thursday night in Utah.
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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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New Rules for Kids' Health Insurance
The Bush administration has imposed new rules for the State Children's Health Insurance Program that state officials say may result in loss of coverage for thousands of kids. Congress has been working to renew the program, which is set to expire at the end of next month.
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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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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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