National News

U.S. Attorney Preet Bharara applauded a judge's ruling in a major fraud case.

Judge Orders Bank Of America To Pay $1.3 Billion Fine

A federal judge has ordered Bank of America to pay a $1.27 billion fine for fraud perpetrated by Countrywide Financial Corp., a mortgage company the bank acquired in 2008.

Last October, a jury held Bank of America liable for bad loans Countrywide sold to Fannie Mae and Freddie Mac as part of its "Hustle" mortgage-lending program as the housing market soured in 2007 and 2008.

As Wildfires Burns Through Funds, Washington Seeks New Way To Pay

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Fast Growth Does Little To Budge Fed's Caution — For Now

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A Market And A School Come Under Fire During A Violent Day In Gaza

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Lawsuit Opens A Long Round Of Political Pingpong

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Big Banks Rally For Argentina At Debt Deadline

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Violence On The Ground Hobbles MH17 Investigations

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For 2 Senators, Campus Sexual Assault Solution Starts In Washington

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Senators Roll Out A Bill To Curb Sexual Assault On Campus

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Earlier this month, Fed Chair Janet Yellen told Congress that the economy is improving but hasn't bounced back all the way.

Fed Continues To Scale Back Economic Stimulus

The Federal Reserve announced Wednesday that it will ease up slightly on its efforts to stimulate the economy.

Fed officials said that there is still room for improvement in the labor market, but with the economy growing, they expressed concern that inflation might start ticking up.

Continuing its own recent trend, the Fed announced it will be buying up fewer financial assets. It's on track to end its bond-buying program in October.

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