Obama taps Hagel for Pentagon in defense secretary pick
President Obama nominates former Senator Chuck Hagel as defense secretary and John Brennan as CIA director. The selections face Senate scrutiny over Israel and Iran policy and past interrogation practices. Obama urged quick confirmation, praising Hagel as a fighter for troops and Brennan as a top intelligence professional. Panetta to civilian life. Kerry, Hagel, and Brennan to guide national security priorities.
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Obama vows steadfast security duty for the nation
Barack Obama, as U.S. President, underscores ongoing protection of the nation with a pledge that there is much work ahead and the solemn obligation to ensure the security of the people.
Bank of America Settles With Fannie Mae For 11.6 Billion
Bank of America reaches an 11.6 billion dollar settlement with Fannie Mae over mortgage backed investments from 2000 to 2008. Cash of 3.6 billion plus 6.75 billion in loan buybacks and 1.3 billion for foreclosure handling delays. Separate 8.5 billion multi party foreclosure settlement announced. CEO Moynihan calls it a significant step amid legacy mortgage issues.
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Colorado shooting suspect Holmes hearing reveals officers’ calm, detachment
Testimony in Centennial shows officers who arrested James Holmes described him as unusually relaxed and detached in body armor. They recount finding knives and a handgun on his car, noting he was sweating and his pupils were wide as families of victims listened.
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