The next crisis: Commercial real estate
WASHINGTON (CNNMoney.com) — A congressional watchdog panel warned on Thursday that mounting commercial real estate losses could endanger the banking system and thwart economic recovery. A total of $1.4 trillion in commercial real estate loans will require refinancing in the next four years, the Congressional Oversight Panel said in a report. More than half of [...]
Washington area digs out from record-setting snowfall
A day after a record-setting snowstorm emptied shopping malls, transformed traffic-clogged roads into ghostly lanes and reduced the Washington region’s famous road-ragers into whimpering Sunday drivers, the area resumed a sense of normalcy — with a few exceptions that are likely to make the Monday-morning commute problematic for those who must travel. Metro officials said [...]
Police check whether officer drew gun during snowball fight
Washington (CNN) — Washington police were investigating on Sunday whether an off-duty officer drew his gun in the midst of a snowball fight involving a couple hundred people. The Metropolitan Police Department said video from a local media outlet at the scene Saturday did not show the officer with his weapon drawn. However, authorities have [...]
Blizzard-like storm slams East, region snowed in
WASHINGTON — A blizzard-like storm rocked the Mid-Atlantic and Northeast on Saturday, crippling travel across the region and leaving hundreds of thousands of customers without power. Five deaths appeared to have been caused by the storm system, which stretched from the Carolinas north to New England and also spread into some Midwestern states. The 14 [...]
Reid Fights for 60th Vote on Health Bill
WASHINGTON — Senate Majority Leader Harry Reid struggled to win over the last Democratic vote on health-overhaul legislation as uncertainty grew about whether the measure can be brought to a vote before Christmas. After more than two weeks of debate, Mr. Reid (D., Nev.) remained a vote short of the 60 votes needed to ensure [...]
