March 18, 2009 Wednesday
Updated

WASHINGTON - PRESIDENT Barack Obama pushed back on Tuesday against criticism that he is trying to take on too many issues at once, defending a US$3.6 trillion (S$5.5 trillion) budget that seeks to shore up the economy while also overhauling health care, energy and education.

'To kick these problems down the road for another four years or another eight years would be to continue the same irresponsibility that led us to this point,' Mr Obama said in an appearance with the heads of the congressional budget committees.

 
Incest trial verdict on Thursday

ST POELTEN (Austria) - JOSEF Fritzl, the Austrian who fathered seven children with a daughter he locked in a cellar for 24 years, is to be sentenced on Thursday and could be jailed for the rest of his life.

IRS to ease Madoff victim pain

WASHINGTON - US tax authorities on Tuesday announced new rules that could ease the pain of thousands of investors who lost their shirts in disgraced financier Bernard Madoff's Ponzi scheme.

Internal Revenue Service (IRS) Commissioner Doug Shulman told lawmakers that the guidelines would help qualified investors by allowing them to claim 'theft loss' of their money, not subject to limits on simple capital losses.

Mafia assassin jailed for murders

NEW YORK - AN aging Mafia assassin has been convicted of four murders and faces life in prison.

Federal prosecutors in Brooklyn say Charles Carneglia committed the string of murders over several decades in the Gambino crime family.

   
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