AP Sources: Fed mulls longer loans in TALF program aimed at bolstering commercial real estateWASHINGTON — The Federal Reserve is considering allowing longer loan terms in a program aimed at bolstering commercial real-estate lending, according to people with knowledge of the matter. Fawcett’s son gets rehab instead of jailWASHINGTON - American actress Farrah Fawcett’s troubled son Redmond O’Neal has been given a chance at avoiding further jail time by entering an inpatient rehab facility. Gates: Military options against Iran would be only temporary fixWASHINGTON — Using U.S. military might to coerce Iran to halt its nuclear program would yield only temporary results, Defense Secretary Robert Gates said Thursday, adding that sanctions make more sense. Paper maker IP says 1st-qtr profit jumps 93 percent, bolstered by huge alternative fuel creditNEW YORK — International Paper Co.’s first-quarter profit nearly doubled, as a huge tax credit for alternative fuel use offset sluggish sales of printing papers, consumer packaging and timberland. Lying, cheating, hurting: all in a day’s work in sports?PARIS — “Lying, cheating, hurting — that’s all you seem to do.” Transportation chief says agency acting quickly to ship stimulus money to states for projectsWASHINGTON — The federal government has already committed nearly $11 billion in stimulus money to help get road, bridge and environmental projects off the ground, administration officials told Congress on Wednesday. Kenny Chesney to tape appearance on public television’s ‘Austin City Limits’NASHVILLE, Tenn. — Kenny Chesney will tape an episode of public television’s popular show “Austin City Limits” to air sometime in the fall. Fed takes fresh stock of economy, weighs need for additional measures to ease recessionWASHINGTON — Taking fresh stock of economic and financial conditions, Federal Reserve policymakers are considering whether they need to take additional measures to ease the recession. Health care options focus on paying hospitals and doctors for quality, not quantityWASHINGTON — Doctors and hospitals would see big changes in how they’re paid and what they’re expected to do under proposals lawmakers will consider Wednesday as they narrow options for health care legislation. Agreement reached on budget endorsing Obama goals of health care, clean energyWASHINGTON — A top senator says Barack Obama’s Democratic allies in Congress have sealed agreement on a budget outline for next year that endorses the president’s goals of expanded health care and more money for education and clean energy. The agreement announced late Monday by Senate Budget Committee Chairman Kent Conrad would make it easier for Congress to pass subsequent legislation overhauling the U.S. health care system and advance other Obama goals. FDIC Chairman Sheila Bair: enough left in bailout fund to handle banks’ stress test resultsNEW YORK — The head of the Federal Deposit Insurance Corp. on Monday linked the results of recent “stress tests” on the nation’s 19 largest banks to the government’s belief that it won’t have to ask Congress for additional bailout funds in the immediate future. Democrats seek quick pact on budget plan that would boost health care reformWASHINGTON — Congressional Democrats pushed to wrap up negotiations on a budget plan that would help President Barack Obama’s ambitious goal of overhauling the health care system. Roadside bomb kills 2 guards from new Afghan community defense force; authorities burn drugsKABUL — A roadside bombing in Afghanistan killed two members of a new U.S.-funded civil defense force Sunday, while authorities destroyed 6.5 tons (6 metric tons) of drugs and chemicals seized in the battle against the rampant narcotics trade. As torture memos are parsed, insider accounts of White House, Congressional approval differWASHINGTON — Release of Bush-era documents that shed more light on the origins of the CIA’s use of harsh interrogation tactics has ignited a backstage battle between former Bush officials over a crucial May 2002 meeting that paved the way for use of waterboarding on a suspected al-Qaida leader. How a wounded soldier got a new face, new confidence _ and what he wanted most: anonymitySAN ANTONIO — His first glimpse in the mirror was largely a blur. Through barrel traps, radio tags and hunting, Arkansas reclaims its status as the Bear StateOZARK NATIONAL FOREST, Ark. — The bear cub could be heard but remained unseen among the barren trees and dried leaves blanketing the forest floor. Congress, interests groups eye transportation bill expected to total about $500 billionWASHINGTON — It was an ironic start to legislative efforts to tackle the nation’s transportation woes. Federal agency spurs people to adopt older wild mustangs with a new incentive programALBUQUERQUE, N.M. — A federal agency is hoping older wild mustangs rounded up from the range will find new homes with a program that will offer stipends to owners who adopt them. Citing 9 billion people in 2050, US envoy speaks of ‘renewed commitment’ to slowing growthWASHINGTON — The new U.S. ambassador for global women’s issues pledged Thursday the Obama administration’s “deep commitment” to a U.N. blueprint aimed at slowing the world’s population explosion and empowering women. Iran preparing new proposals to restart stalled talks on nuclear program, FM saysBRUSSELS — Iran is preparing a set of new proposals aimed at restarting talks on the country’s nuclear program, the country’s foreign minister said Thursday. Blagojevich says judge’s decision to bar travel for reality show saved him from eating bugsCHICAGO — Former Gov. Rod Blagojevich will “promote” a reality TV show even though a judge has refused to let him travel to Costa Rica to appear on the program. House approves funds for 50,000 new officers under Clinton-era community police programWASHINGTON — The House approved money Thursday to help local police departments hire and retain 50,000 officers over the next five years, expanding a Clinton-era community policing program that struggled to survive under the Bush administration. Vancouver Olympic organizers not wrong to keep female ski jumpers out of 2010, lawyers sayVANCOUVER, British Columbia — Vancouver Olympic organizers were in court Wednesday, arguing that the decision to exclude women ski jumpers from competition next year is not theirs to reverse. Obama wins fight on halting F-22s, new skirmishes with Boeing on horizonWASHINGTON — The Obama administration has chalked up a quick victory in its drive to kill an expensive jet fighter better suited for the Cold War than Afghanistan, but more skirmishes with job-rich defense contractors and their allies in Congress are just over the horizon. Obama advisers signal broad support for House Democratic energy billWASHINGTON — The Obama administration on Wednesday called a Democratic House proposal to tackle climate change a “jobs bill” and an investment in clean energy technology, rejecting Republican criticism that the increase in energy costs will undermine the economy. Criminal charges added in first bank bailout fraud case; Lawyer says guilty plea plannedNASHVILLE, Tenn. — A defense lawyer says a former financial adviser in Tennesee will plead guilty to criminal charges in the first fraud case related to the federal bank bailout program. Despite millions in donations, Afghan students still waiting for their textbooksKABUL — Day laborer Sayed Sekander spent more than half a day’s pay on textbooks for his third-grade son, stuffing them into a dirty rice sack to take home. He will wait before buying any for his two daughters. Top Pentagon commander visits troops on Kabul’s doorstep, reviews new militia programFORWARD OPERATING BASE AIRBORNE, Afghanistan — The chairman of the Joint Chiefs of Staff is reviewing a new community-based defense program recently started in an increasingly violent province on the doorstep of Kabul. 2 Faulkner University football players killed in car crash in southern AlabamaMONTGOMERY, Ala. — Two Faulkner University football players have been killed in a car accident in southern Alabama. Expanding service programs, Obama says all Americans can volunteer to help the nationWASHINGTON — Calling on Americans to volunteer, President Barack Obama signed a $5.7 billion national service bill Tuesday that triples the size of the AmeriCorps service program over the next eight years and expands ways for students to earn money for college. “What this legislation does, then, is to help harness this patriotism and connect deeds to needs,” said Obama, a former community organizer in Chicago. |