GRAND JURY TAGS PITCHER CLEMENS FOR 6 COUNTS, NO OUTS
One of baseball's most dominant pitchers of this decade Roger Clemens was hoping to get himself out of a jam Thursday in Washington. Instead, he took six counts--federal indictments on obstruction of justice, making false statements and perjury--that could result in a combined maximum sentence of up to 30 years in prison and a $1.5 million fine.
Read more about the Grand Jury indictments Clemens was charged with.
'BROKE' GM BUYS AMERICREDIT FOR $3.5 BILLION
DETROIT--Less than two years ago, domestic automaker General Motors was on its knees asking Congress for billions in government bailout money to bandage the reeling U.S. car manufacturing firm. After receiving media scorn from travel to Capitol Hill in their commercial jet, GM leaders were some of those reduced to carpooling to Washington.
General Motors returned $4.7 billion to the U.S. Treasury on April 21, then tossed in $3.5 Billion to acquire Fort Worth-based AmeriCredit Corp., a firm specializing in car buyers with flawed credit ratings. But where did the windfall come from? According to consumerismcommentary.com, "in total, GM received $52 billion from the U.S. government" although only $6.7 billion of it "was considered a loan."
After reading that as a working class taxpayer, I'm feeling violated.