Obama Administration | featured news

The Obama administration on Friday released its long-awaited proposal for overhauling the mortgage market, calling for gradually shutting down bailed-out Fannie Mae and Freddie Mac and reducing the government's now huge role in housing finance.

Heavily indebted states could get immediate relief from the Obama administration under a plan to temporarily suspend interest payments they owe the federal government for borrowing money to cover the soaring cost of unemployment benefits.

White House climate change adviser Carol Browner will step down in coming weeks, Obama administration sources said on Monday.

The House of Representatives on Friday votes to bring the repeal of the healthcare overhaul to the floor for formal debate. A new poll shows that Americans slightly supported overturning one of the signature efforts of President Obama's administration.

A former CIA officer involved in spying efforts against Iran was arrested Thursday on charges of leaking classified information to a reporter, continuing the Obama administration's unprecedented crackdown on the flow of government secrets to the media.

The investment banker who helped lead the Obama administration's auto industry overhaul has agreed to pay $10 million to settle influence-peddling allegations in New York.

The Obama administration has begun monitoring the high-level board meetings of nearly 20 banks that received emergency taxpayer assistance but repeatedly failed to pay the required dividends, according to Treasury Department officials and documents. And it may soon install new directors on some of their boards.

Richard C. Holbrooke, the high-octane diplomat who spearheaded the end of the Bosnian war and most recently served as the Obama administration's point man in the volatile Afghan-Pakistani war zone, has died, officials said.

Richard C. Holbrooke, the Obama administration's diplomatic point man for Afghanistan and Pakistan, remained in critical condition Saturday night after surgery to repair a life-threatening tear in his aorta.

Cigarette smoke causes immediate damage to the lungs and to DNA, and President Barack Obama's administration will make stop-smoking efforts a priority, federal health officials said on Thursday.