Opinion: Auto And Bank Bailouts Prove Effective
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
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On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Commonly referred to as "what goes around, comes around', the Republicans are finding plenty to take shots at as the Democrats conduct their week in the 'often dubious' political spotlight called "the Convention".
Tonight, when Vice President Biden and President Obama address the country the question before them is an obvious one: are we better off than we were four years ago? The answer is equally obvious: YES!
Sitting in the Time Warner Cable Arena last night I was struck by how different the Democratic National Convention was from the Republican event last week. Unlike the Republicans in Tampa, Democrats focused on the fight to preserve the middle class and the American Dream.
Mitt Romney's economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Instead of getting rowdy at a demonstration or protest regarding the lack of jobs throughout the country, people can voice their discontent with the nation's current unemployment rate on this Labor Day by simply placing an empty chair in their front yard.
The White House Press Corps members finally got the White House Press Conference they've been shouting for. And they only have themselves to blame for letting Obama turn much of it into a campaign speech by the questions they did and didn't ask.
If you know you're not going to blindly support the "left" in this coming election, see the movie '2016: Obama's America'. But, fair warning, it's disturbing – and quite frightening – to say the least.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Many who supported Obama in 2008 did so because they believed that he would help black Americans. The criticism four years later is that having a black president in the White House hasn't helped African Americans at all.
The blatant lies and the desperate spins generated from the "left" have been absolutely frightening. What's extremely sad for them is that they don't have a prayer of keeping the White House without creating lies and spinning obvious negatives into self-reported positives.
Down to the trademark "W", W. Mitt Romney is literally the second coming of the George W. Bush: the economic strategy that led to the worst American economy since the Great Depression and the Bush legacy of secrecy in the face of questions from the American public.
Obama's latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Of all the signs leading to a defeat for President Barack Obama in the presidential election of 2012, the most glaring sign is the 8.2% unemployment rate.
Mitt Romney's contortions to differentiate offshoring from outsourcing don't matter to those who lost their jobs because of it.
Five months before the presidential election, this rating is disastrous for Obama – almost as disastrous as the lack of any results for America these past four years.
Obama spent his speech blaming the Republican Congress for the nation's woes and his own inability to accomplish what he knows he hasn't accomplished.
With retail purchases on Easter up across the nation, CBS13 went to a local business today that believes the economy is turning around. But is it?
The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.
Across the country, record high gas prices have put a dent in the pocketbooks of nearly everyone.
Causing a bank to lock its doors may end up costing students more than just easy access to an ATM.
Born out of necessity in this brutal economy there is now a different type of child support. This one involves teenagers looking for work in record numbers -- trying to help their parents make ends meet.
Sacramento's fiscal forecast is finally changing from gloomy to growth. A report being released Wednesday shows the region's economy bottomed out in early 2011 and is now in a slow recovery.
Authorities in Solano County are investigating after a woman's body was found near Interstate 80 in Vallejo Monday afternoon.
A big rig fire closed westbound Interstate 80 east of Colfax on Thursday morning, the California Highway Patrol said.
A vehicle crashed into a North Sacramento marijuana cultivation facility early Thursday morning in what police later determined was a burglary.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
Violent and property crime categories were also down, new analysis shows. But reported drug crimes were up when compared to the same period last year.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago.
Authorities in Solano County are investigating after a woman's body was found near Interstate 80 in Vallejo Monday afternoon.
What was once a mostly empty stretch of land is finally starting to resemble the vision Sacramento leaders have been talking about for years.
A big rig fire closed westbound Interstate 80 east of Colfax on Thursday morning, the California Highway Patrol said.
A vehicle crashed into a North Sacramento marijuana cultivation facility early Thursday morning in what police later determined was a burglary.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago, but they had no idea that it was an unauthorized act.
Sacramento civic leaders are grappling with what comes next after a mistrial was declared in the case of the city's deadliest mass shooting in history, with many saying the lack of a verdict leaves victims' families and the community without closure.
A group of Downtown Sacramento business owners says they grew tired of watching garbage pile up on city streets and decided to roll up their sleeves and take matters into their own hands.
Power lines in the area were damaged by the growing flames and fell toward the firefighters who were trying to access the building from a side alley, the fire department said.
The 2026 FIFA World Cup came to a close Sunday with Spain defeating Argentina in the championship match, ending a month-long tournament that transformed Sacramento bars, restaurants and coffee shops into gathering places for soccer fans.
As California races to build the infrastructure needed to power artificial intelligence, communities across the state are increasingly weighing whether they want data centers in their own backyards.
A United Airlines employee appears to have been caught on video threatening to call ICE on a passenger last week at San Francisco International Airport.
Two Siskiyou County men have been charged with kidnapping two U.S. Forest Service employees who prosecutors say were abducted at gunpoint and held for 15 hours in a remote Northern California trailer.
A body found in San Francisco Bay on Thursday afternoon was identified as one of the three passengers missing after the sinking of their boat near Alcatraz Island on Tuesday.
A man who lost relatives in the San Francisco Bay boating tragedy says his brother who captained the vessel was an experienced seaman and not at fault.
James McCann hit his 100th major league home run and Ryan Waldschmidt hit his first as part of a seven-run fifth inning and the Arizona Diamondbacks routed the Athletics 15-5.
Kiki Iriafen had 23 points and 12 rebounds, Shakira Austin finished with 15 points and 15 rebounds, and the Washington Mystics rallied past Golden State for a 90-82 victory Monday night to snap the Valkyries' nine-game winning streak.
CJ Abrams and Dylan Crews hit back-to-back homers in the fifth inning to send the Washington Nationals to a 5-2 victory over the Athletics.
The 2026 FIFA World Cup came to a close Sunday with Spain defeating Argentina in the championship match, ending a month-long tournament that transformed Sacramento bars, restaurants and coffee shops into gathering places for soccer fans.
Spain dominated the match, outshooting Argentina 20-3, but couldn't manage a goal in regulation — finally scoring in the second period of extra time.
As California races to build the infrastructure needed to power artificial intelligence, communities across the state are increasingly weighing whether they want data centers in their own backyards.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
California Gov. Gavin Newsom has retained prominent Washington defense attorney Abbe Lowell as the U.S. Department of Justice continues a federal investigation involving the governor's wife and several people in his political orbit.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
Homeland Security Investigations is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A Monterey County company is now at the center of a nationwide cyclosporiasis outbreak. The Washington Post is reporting that lettuce from Taylor Farms, a company headquartered in Salinas, may have supplied contaminated lettuce to Taco Bell.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Firefighters stopped the forward progress of a vegetation fire that forced evacuations Sunday afternoon in the Pilot Hill area of El Dorado County.
Nothing but rubble remains of the McCombs home that was destroyed by the Kearny Fire. All their kids' toys, a wedding dress, memories and everything that meant something to them are completely gone.
All evacuation orders were lifted for a grass fire in rural Nevada County, west of Penn Valley, on Tuesday.
The Van Fire was reported Wednesday northeast of White Rock Road in Cathey's Valley, and north of Eastman Lake. The cause of the fire remains under investigation.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago, but they had no idea that it was an unauthorized act.
Ashley Sharp reports.
Conor McGill reports.
Carmela Karcher reports.
Steve Large reports.