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Former secretary of state and chairman of the Joint Chiefs of Staff Colin Powell gave his official endorsement for Democratic presidential nominee Barack Obama. Powell, a Republican, says that he doesn’t like the way Republican presidential nominee John McCain is running his campaign and …

Following the heels of the government’s $700 billion bail out, oil spiked $25 a barrel today. It jumped up to $130 before settling at $120 today.
The US Commodities Futures Trading Commission chairman Walter Lukken is looking into the spike to make sure that no …

Bad News: If another large bank fails, such as WaMu, Congress will have to begin taking money out of tax dollars to fund the FDIC insurance fund to protect deposits made into FDIC insured banks.
So what will the government do if the FDIC needs a …