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)
TOKYO - U.S. President Barack Obama has said Washington welcomes China's rise but that engagement with Beijing would not come at the expense of its Asian allies - as Chinese state media greeted his imminent arrival in the region with a broadside accusing the United States of wanting to "cage" the emerging superpower.
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