WASHINGTON - Angry lawmakers prepared to levy heavy taxes on employee bonuses at insurance giant American International Group Inc. and at other companies that received big U.S. government bailouts. ...more

March 19, 2009

WASHINGTON - Thirteen of the companies receiving billions in federal bailout money owe a total of more than $220 million in delinquent federal taxes. ...more

March 19, 2009

Edward Libby, Chief Executive Officer of insurance giant AIG, acknowledged to Congress Wednesday that many Americans were angry about the company's recent multibillion bonuses to employees. ...more

March 19, 2009

The chairman of AIG has told Congress he's asked executives to give back their bonuses. The chief executive officer of the failed insurance conglomerate acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath. "I share that anger," Edward Liddy, chairman and CEO of the American International Group Inc., said in testimony prepared for Congress. ...more

March 18, 2009

AIG said Wednesday it is putting its downtown Manhattan headquarters and a nearby office building on the sales block. ...more

March 18, 2009

While Democrats in Congress look to recoup $165 million in bonus money paid to executives at American International Group Inc., three local bankers chimed in on what they considered a perfect storm of rampant greed on Wall Street and negligence on Capitol Hill. ...more

March 18, 2009

Lawmakers vowed Tuesday to all but strip AIG executives of their $165 million in bonuses as expressions of outrage swelled in Congress over eye-catching extra income for employees of a firm that has received billions in taxpayer bailout money. ...more

March 18, 2009

Sen. Charles Grassley wants AIG executives to apologize for the collapse of the insurance giant — but said Tuesday that "obviously" he didn't really mean that they should kill themselves. ...more

March 17, 2009

Responding to growing public outrage, President Barack Obama reversed course Monday and ordered his administration to "pursue every legal avenue" to challenge $165 million in bonuses recently paid to employees of insurance giant American International Group Inc. ...more

March 17, 2009

Pressure is mounting on the government to revise its bailout of AIG to ensure that taxpayers are repaid as much as possible of the $170 billion lent to the troubled insurer. ...more

March 17, 2009