The conservative majority on the Supreme Court has struck down limits on corporate political advertising. That means Americans will likely see a blizzard of TV ads. The majority ruled that the government can't limit the speech. But Justice John Paul Stevens said the ruling "threatens to undermine the integrity of elected institutions around the nation."
WASHINGTON (AP) — President Barack Obama says he's ready to fight if necessary to push through tougher regulations of the biggest banks. Obama wants to limit speculation by commercial banks and to keep financial institutions from growing so big that they pose a risk to the economic system.
PORT-AU-PRINCE, Haiti (AP) — The Navy is reinforcing the crew of its hospital ship anchored just off Port-au-Prince, Haiti so that those critically injured by the earthquake can be treated. The ship will have 11 operating rooms in service in the next few days. Meanwhile, health officials are warning there could be outbreaks of major illnesses in overcrowded camps of homeless survivors.
NEW YORK (AP) — Toyota is recalling 2.3 million vehicles in the U.S. to fix accelerator pedals that can become stuck. Models include are RAV4, Corolla, Matrix, Avalon, Camry, Highlander, Tundra and Sequoia. The problem is different from the 4.2 million vehicle recall to prevent them from getting lodged in floor mats.
LOS ANGELES (AP) — Air America Radio is shutting down today. The progressive radio network once aired commentary from liberals including former comic and Minnesota Sen. Al Franken. The company will soon file for bankruptcy and will be liquidated.