After months of debating and back room deals, Congress passed a bill late Tuesday night which will keep the country from falling off the fiscal cliff.
President Barack Obama is taking his case for avoiding a potentially unsettling “fiscal cliff” to the public on Friday, employing campaign-style tactics in hopes of mobilizing support.
Former New Jersey governor Jon Corzine is reportedly being considered as a possible replacement for Treasury Secretary Timothy Geithner if Geithner leaves before the end of Obama’s first term.
Former International Monetary Fund chief Dominique Strauss-Kahn was released from Rikers Island Friday, trading his prison cell for house arrest at his apartment on 71 Broadway in Lower Manhattan.
After just one more night at Rikers Island, Strauss-Kahn will be put under house arrest in a posh Manhattan apartment being rented by his wife.
The head of the International Monetary Fund has court hearing scheduled Thursday morning. He could post $1 million bail and subject himself to electronic monitoring while remaining in New York City.