23 Mar 10
Debate on the future of Fannie, Freddie heats up
There would be no housing market today without the government. Over the past 18 months, Washington has taken extraordinary steps to keep home loans available and affordable. That caused a tentative housing recovery last year. Home sales reversed their four-year descent, while prices stabilized. One big reason: The government seized control of Fannie Mae and Freddie Mac, massive companies that purchase home loans, package them into investments and guarantee them against default. The price tag has been huge -- $126 billion and growing.
Grisly find in Mexico: Dismembered police officers
The pre-dawn discovery of two bodies cut into pieces and shoved into two black bags brought a tragic end Monday to a search for two missing police officers in the southern state of Guerrero.
States Move to Block Obamacare's Unfunded Mandate
Less than 24 hours after the House gave final approval to a sweeping overhaul of healthcare, attorneys general from several states on Monday said they will sue to block the plan on constitutional grounds.
Obama, Dems, judges protect ACORN
An Iowa congressman is outraged that an activist judge has ruled it unconstitutional for the government to attempt to cut off funding to the controversial group ACORN.
Poll: Israelis View Obama as Pro-Arab
A lopsided plurality of 42 percent of Israelis view U.S. President Barack Obama as pro-Arab, and only seven percent see him as pro-Israel, according to a new Brain Base (Maagar Mochot) poll released on Monday. Thirty-four percent of the respondents are reserving judgment, with a neutral view.
Iceland volcano eruption intensifies
Icelandic authorities warned on Monday of increased disturbance in the area of the volcanic eruption that forced more than 600 people to flee their homes on Sunday.
Florida says several states to file healthcare lawsuit
"The health care reform legislation passed by the U.S. House of Representatives last night clearly violates the U.S. Constitution and infringes on each state's sovereignty," Florida Attorney General Bill McCollum, a Republican, said in a prepared statement announcing a news conference. "On behalf of the State of Florida and of the Attorneys General from South Carolina, Nebraska, Texas, Utah, Pennsylvania, Washington, North Dakota, South Dakota and Alabama if the President signs this bill into law, we will file a lawsuit to protect the rights and the interests of American citizens."
Tea Partiers to Congressional Democrats: You'll Pay in November
It's payback time. Tea Party leaders, livid over the passage of health care reform on Sunday night, say their next step will be to turn from fighting the bill to running the people who voted for it out of Congress. ...Now those lawmakers have to go, Tea Partiers say, and they're planning to sustain their fight into November by registering voters, pumping money into ad campaigns against Democratic incumbents and supporting their challengers.
New Health-Care Taxes Help Obama 'Spread the Wealth'
President Barack Obama said on the campaign trail in October 2008 that he wanted to "spread the wealth around." With Obama on the verge of signing sweeping health-care overhaul legislation, he’s about to do just that.
Pakistan army chief begins US strategic dialogue
Pakistan's army chief Gen Ashfaq Kayani has met US defence leaders in Washington as the two countries begin a week-long strategic dialogue. He held talks with Defence Secretary Robert Gates and chairman of the Joint Chiefs of Staff Admiral Mike Mullen. US Secretary of State Hillary Clinton is to meet Pakistani Foreign Minister Shah Mehmood Qureshi on Wednesday.
Pakistan army chief begins US strategic dialogue
Pakistan's army chief Gen Ashfaq Kayani has met US defence leaders in Washington as the two countries begin a week-long strategic dialogue. He held talks with Defence Secretary Robert Gates and chairman of the Joint Chiefs of Staff Admiral Mike Mullen. US Secretary of State Hillary Clinton is to meet Pakistani Foreign Minister Shah Mehmood Qureshi on Wednesday.
Britain expels Israeli diplomat over Dubai passport row
The UK is to expel an Israeli diplomat over the use of cloned British passports in a Dubai killing, the BBC has learned. Foreign Secretary David Miliband will make a statement to Parliament later. Israel has denied allegations that its agents were behind the killing of Mahmoud al-Mabhouh in a Dubai hotel room in January.
Freak storm cuts power in Perth, Australia
A severe storm in the western Australian city of Perth has left tens of thousands of homes without power. The cost of the damage is estimated at more than $100m. The storm brought huge hailstones, torrential rains, flooding, landslides and wind gusts of more than 120km/hour (75 mph).
China condemns decision by Google to lift censorship
China has said Google's move to stop censoring search results is "totally wrong" and accused it of breaking a promise made when it launched in China. The US giant is redirecting users in mainland China to its unrestricted Hong Kong site, although Chinese firewalls mean results still come back censored. Beijing said the decision should not affect ties with Washington.
Obama, Netanyahu to meet at White House
US President Barack Obama is meeting Prime Minister Binyamin Netanyahu Tuesday at the White House — his first meeting with the Israeli leader since the recent spat over Israel's announcement of new housing construction for east Jerusalem. However, the afternoon meeting will be closed to reporters, an unusual choice when hosting a close ally and a sign that suggested the rift may not be entirely healed.
PM: J’lem is not a settlement
Prime Minister Binyamin Netanyahu reiterated Israeli claims to Jerusalem and rejected assertions that it was not fully committed to peace, in a speech Monday night sandwiched between meetings with top US leaders aimed at smoothing over recent disagreements. ...Soon after Clinton told the audience at the AIPAC conference that the status quo between Israelis and Palestinians was "unsustainable" and that building over the 1948 armistice line in Jerusalem hurt efforts to advance the peace process, Netanyahu told tell AIPAC that "Jerusalem is not a settlement. It is our capital."
UK envoy summoned by Foreign Office
Israeli Ambassador to the UK Ron Proser was summoned by the British Foreign Office on Monday, the Israeli Foreign Ministry confirmed Tuesday morning. According to the Daily Telegraph he was called in to be told the results of an inquiry into the assassination of Hamas arms trafficker Mahmoud al-Mabhouh in Dubai. ...A ministerial statement to Parliament will formally name the Israeli security services as responsible for forging up to 15 British passports...
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