IMF sees world economy shrinking up to 1 percent in 2009 (Reuters)
IMF sees world economy shrinking up to 1 percent in 2009 (Reuters)
Suspected U.S. drone fires missile in Pakistan, 12 dead (Reuters)
Sebelius admits errors, pays $7,000 in back taxes (AP)
AP - Health and Human Services nominee Kathleen Sebelius recently corrected three years of tax returns and paid more than $7,000 in back taxes after finding "unintentional errors" the latest tax troubles for an Obama administration nominee. The Kansas governor explained the changes to senators in a letter dated Tuesday that the administration released. She said they involved charitable contributions, the sale of a home and business expenses.
Israel’s Netanyahu vows to seek peace with Arabs (AP)
AP - Benjamin Netanyahu, taking office as Israel's new leader Tuesday, promised to seek "full peace" with the Arab and Muslim world, but refused to utter the words the world was waiting to hear: "Palestinian state." The well-spoken, U.S.-educated hawk took pains to portray himself as a pragmatist, telling a packed parliament that Israel does not want to rule the Palestinians.
GM, Chrysler race deadlines to hold off bankruptcy (AP)
AP - He doesn't know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., isn't waiting around to find out. Cut deeper. Work harder. Move faster. That's how he described the ailing automaker's urgent effort to meet a June 1 deadline to fix its debt-ridden balance sheet, cut billions in costs and take other steps to transform itself into a profitable entity.
Computer experts brace for “Conficker” worm (Reuters)