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Consumer watchdog launches overdraft inquiry
The Consumer Financial Protection Bureau is expected to launch an inquiry Wednesday into banks’ overdraft practices, which have been in regulatory crosshairs in recent years.
The bureau said it will look into whether banks are reordering customers’ debit-card charges to maximize overdraft fees. Reordering transactions can double or triple penalties, and the practice has been the target of several class-action lawsuits against the nation’s biggest banks.
Read full article >>President Obama sings ‘Sweet Home Chicago’ with B.B. King and Buddy Guy
President Obama appeared hesitant to sing publicly for the second time in 2012 at a White House event Tuesday night.
But he obliged the request by blues legends Buddy Guy and B.B. King, singing a few lines of “Sweet Home Chicago.”
Read full article >>Republican presidential contest moves to Arizona and Michigan
PHOENIX — Front-runners Mitt Romney and Rick Santorum opened one of the most crucial periods in the Republican presidential campaign Tuesday, with Romney going on the attack while suddenly claiming the mantle of underdog as he seeks to avoid potentially devastating losses in next Tuesday’s primaries in Arizona and Michigan.
Read full article >>Afghan Quran burning protests
Obama proposes lowering corporate tax rate to 28 percent
President Obama proposed a major overhaul of the nation’s corporate tax code on Wednesday, an election-year gambit that aims to draw a contrast over a key policy issue with the Republicans vying to replace him.
Read full article >>Rick Santorum: It’s the authenticity, stupid
There’s no question that Rick Santorum’s headline-grabbing statements on contraception, Obama’s “theology” and his 2008 remarks on Satan are about religion.
But they’re also about something else: Santorum’s contention that he’s a more authentic candidate than Mitt Romney.
Read full article >>In Republican Race, a New Breed of Superdonor
Obama reelection campaign drops price to enter dinner contest
The chance for dinner with President Obama just got a little cheaper.
The Obama reelection campaign sent out a mass e-mail Wednesday asking donors to “pitch in $2 or whatever you can” to be entered into a contest for a meal with Obama.
Read full article >>Argentine Train Slams Into Station, Killing 49
Mine Superintendent Charged in Wake of 2010 Disaster
Obama Offers to Cut Corporate Tax Rate to 28%
Two Western Journalists Killed in Syria Shelling
News Analysis: In Din Over Iran, Echoes of Iraq War - News Analysis
Obama pays tribute to black experience at groundbreaking of African American history museum
Pronouncing this day a “long time coming,” President Obama on Wednesday hailed the groundbreaking of the National Museum of African American History and Culture that will open on the Mall in 2015.
Obama was among several dignitaries, including former first lady Laura Bush, who is a member of the museum’s council, to speak at the ceremony for the 374,000-square-foot museum, which has been more than a century in the making.
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