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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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Europe won't let Athens go under, says Greek minister

ATHENS - Greece's finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout terms. | Video