Senate Republicans are drawing out a flap that has made the Obama administration squirm, applying the brakes to Democrats' attempts to quickly tax away most of the bonuses at troubled insurance giant AIG and other bailed-out companies. ...more

March 21, 2009

Our Congress had a field day this week grilling the CEO of AIG, Edward Liddy, and making hay about bonuses that the company paid to some of its executives from bailout money. ...more

March 21, 2009

Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said. ...more

March 21, 2009

Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank. ...more

March 20, 2009

AIG, better known as American International Group, is an insurance company that lost $61.7 billion dollars in the fourth quarter of 2008 — a new record — then got $170 billion dollars of taxpayer money to save it from going bankrupt. ...more

March 20, 2009

The Democratic-led House overwhelmingly approved a bill today to slap punishing taxes on big employee bonuses from AIG and other firms bailed out by taxpayers. The vote was 328-93. "We want our money back and we want our money back now for the taxpayers," said House Speaker Nancy Pelosi, D-Calif. ...more

March 19, 2009

WASHINGTON - Angry lawmakers prepared to levy heavy taxes on employee bonuses at insurance giant American International Group Inc. and at other companies that received big U.S. government bailouts. ...more

March 19, 2009

WASHINGTON - Thirteen of the companies receiving billions in federal bailout money owe a total of more than $220 million in delinquent federal taxes. ...more

March 19, 2009

Edward Libby, Chief Executive Officer of insurance giant AIG, acknowledged to Congress Wednesday that many Americans were angry about the company's recent multibillion bonuses to employees. ...more

March 19, 2009

The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more

March 18, 2009