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U.S. Politics

  • US seeks more than $5 bln in suit against S&P -attorney general

    WASHINGTON, Feb 5 (Reuters) - The U.S. government is seeking more than $5 billion in a lawsuit against rating agency Standard & Poor's over mortgage bond ratings, U.S. Attorney General Eric Holder said on Tuesday.

    The civil suit against S&P and its parent McGraw-Hill Cos Inc is the first federal enforcement action against a credit rating agency over alleged illegal behavior related to the 2007-2009 U.S. financial crisis.

    (Reporting By Aruna Viswanatha and Emily Stephenson; Editing by Gerald E. McCormick)
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Israel agrees to 12-hour Gaza ceasefire

JERUSALEM - Israel has agreed to a 12-hour humanitarian ceasefire in fighting with militants in the Gaza Strip to start at 8 a.m. (1 a.m. EDT) on Saturday, a military spokeswoman said.