Treasury Learned of AIG Bonuses Earlier Than Claimed  —  Though Treasury Secretary Timothy Geithner told Congressional leaders Tuesday he only learned of the impending $160 million bonus payments to members of AIG's troubled financial products unit March 10, sources tell TIME that the New …

Dodd facing fresh political firestorm  —  Featured Topics: - Barack Obama - Presidential Transition  —  Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.  —  Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation …

For immediate release  —  Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract.  Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending.

How Jon Stewart Went Bad  —  Inside Fritzl's Dungeon by Barbie Latza Nadeau  —  Blogs and Stories  —  There is a virtual ban on criticism of him in the press.  Uncritical praise corrupts absolutely.  —  Jon Stewart's recent attack on CNBC's Jim Cramer was so brilliantly performed …

Dissecting the A.I.G. Bonus Contract  —  Washington is filled with outrage over the $165 million in bonuses given out by the American International Group.  Yet, as I said in my post on Tuesday, “Seven Sad Truths About A.I.G.,” the real concern over the insurance giant should be about the $170 billion …

President Takes Campaign for Budget to California  —  COSTA MESA, Calif. — President Obama, escaping the mounting uproar in Washington over executive bonuses at the American International Group, came here Wednesday for a raucous town-hall-style meeting where he promised that his $3.6 trillion budget …

Some Guantanamo prisoners could be released in U.S.  —  WASHINGTON (Reuters) - Some of the Guantanamo Bay prisoners could be released into the United States while others could be put on trial in the American court system, Attorney General Eric Holder said on Wednesday.

Anger in Pakistan at US plan to expand attacks  —  • Pentagon urges Obama to widen reach of strikes  —  • Islamabad warns of public backlash against move  —  Pakistan reacted with anger yesterday to an American proposal to expand its drone missile strikes inside the country against Taliban and al-Qaida targets.

Is There an Antidote to the Republican Amnesia?  —  Memory eventually fails us all, but apparently the decline strikes one party far more than the other.  —  In recent weeks, my friends across the aisle have expended a lot of breath proclaiming that the Democrats caused the present financial crisis …

Put Down the Pitchforks!  —  I am starting to be genuinely worried by the potential destructiveness of a growing torch-and-pitchfork mentality that is partly the result of cynical manipulation, partly a result of failures of understanding, and partly the result of perfectly justified by presently misdirected anger.

The Next AIG Scandal?  —  The firm's problems may extend to its ‘healthy’ insurance side. … Outrageous.  It's the preferred adjective used by Barack Obama and Ben Bernanke to describe AIG, the crippled giant that has turned into a national money pit.  AIG has swallowed at least $170 billion …

Obama backs off plan to alter vets' healthcare  —  The White House on Wednesday backed off a controversial plan that would have dramatically altered the way the Department of Veterans Affairs (VA) handles insurance claims, after veterans groups staged an all-out fight against such a proposal.

They Were Against It Before They Were For It  —  This week, Republican leaders have leapt to join the populist outcry against the bonuses that ailing insurance giant AIG has awarded its executives.  But such rants against executive earnings mark a remarkable about-face for the right flank of the party …

Split Emerging Between Conservative Media And GOP Leadership On AIG Mess  —  Here's an interesting subplot developing amid the AIG mess: The emerging split between leading conservative media figures and GOP leaders over how to respond.  —  GOP Congressional leaders have roundly condemned AIG …

The Official Guide To Obama Kitsch  —  I am pleased to introduce The Official Guide To Obama Kitsch.  —  Kitsch is a word of Germanic origin which denotes something that is in poor taste, tacky, pretentious, cheap or trashy.  —  In order to qualify, the product must (1) …