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)
View the full stream
Powered by ScribbleLive Content Marketing Software Platform

NATO rejects Russia explanation on Turkish air space

BRUSSELS/BEIRUT - NATO on Tuesday rejected Moscow's explanation that its warplanes had violated alliance member Turkey's air space by mistake and said Russia was sending more ground troops to Syria and building up its naval presence. | Video