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Last year, private-equity firm Lone Star Funds bought up nearly $6.7 billion of Merrill Lynch's credit debt obligations at 22 cents on the dollar. Could that be the private model the Treasury Department wants others to duplicate? Simon Johnson, a professor at MIT and a former chief economist at the International Monetary Fund, offers his insight.

Last week alone, Barack Obama outspent John McCain by about $6 million in television advertising. Jonathan Martin of Politico says there are two elements to the story: Obama's enormous fundraising advantage over McCain, and how much money the Democrat is pouring into advertising in red states.

In Paris, a new chapter in one of sport's greatest rivalries begins this weekend at the French Open. Roger Federer and Rafael Nadal have switched positions at the top of men's tennis. The transition from Federer, the former No. 1, to Nadal, the current top dog, has featured epic matches and displays of raw emotion.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

Former President Donald Trump faces three new charges in the case accusing him of hoarding classified documents as a grand jury continues to investigate his role in trying to overturn 2020's election.

The Mountain Valley Pipeline got an extraordinary boost in the debt ceiling deal. Court challenges have stalled the controversial natural gas pipeline stretching from West Virginia to North Carolina.

You might know them best in pet form, but the tiny little seeds have moved beyond their terra cotta figurines to become an increasingly popular health food. Wayne Coates writes about the benefits of chia seed in Chia: The Complete Guide to the Ultimate Superfood.

As Hamas-Israel misinformation spreads, EU digital chief says social media platforms have to quickly remove content featuring hate speech and disinformation or face big fines under new laws.

A smaller pool of Republican candidates competing to be president will face off Wednesday night — one last time before primary elections begin in the new year.

Tesla is recalling nearly all of the autos it's sold in the U.S. because some warning lights on the instrument panel are too small. And NHTSA has upgraded a probe into Tesla steering problems.