D.C.

President Obama Nominates Jack Lew As next Treasury Secretary

Submitted by News Desk 2 on Thu, 01/10/2013 - 16:56

Washington, D.C. -

President Obama has officially nominated his current White House Chief of Staff, Jacob Lew, as the next Treasury Secretary. Mr. Lew is the first Orthodox Jewish White House Chief of Staff and if confirmed by the Senate, will be the first Orthodox Jewish person to lead the U.S. Treasury Department.

According to most political analyst, Lew is expected to win senate confirmation, and will be replacing current Treasury Secretary Timothy Geithner.

In remarks during the nomination, Obama said, "I know very few people with greater integrity."

Northeast Goes Into Panic Mode As Shoppers Horde Supplies In Long Lines Ahead of Hurricane Sandy

Submitted by News Desk 2 on Sun, 10/28/2012 - 12:52

From New York to Philadelphia to Washington, D.C. panic and stress level rise as Hurricane Sandy approaches the mid-Atlantic and northeast states.  Sandy has been dubbed Frankenstorm because forecasters fear it will collide with an arctic front moving in and create 'The Perfect Storm', or what some call a Nor'easter

Visa, MasterCard Being Sued for ATM Price Fixing, Forcing Higher Fees and Limiting Competition

Submitted by News Desk 2 on Thu, 10/13/2011 - 12:28

The National ATM Council and several independent ATM operators have filed a lawsuit against Visa and MasterCard and are seeking class action status. They claim Visa and MasterCard are illegally and unfairly price fixing ATM fees and surcharges.

Washington Monument To Remain Closed with Discovery of New Cracks from Earthquake

Submitted by News Desk 2 on Thu, 08/25/2011 - 02:12

 

The Washington Monument will remain closed until further notice.  Five new cracks were discovered in the monument, in addition to the 1 inch wide, 4 ft long crack pictured above.

Park officials have said there is a major crack at the very top of the Washington Momunent, and have now found five other smaller cracks.  The area will be fenced off until repairs can be made.  The monument lacks disaster insurance, so funds will likely have to come from an already squeezed federal budget.