(Fortune) - At Tuesday's epic Goldman Sachs hearing, Senator Carl Levin of Michigan led a public grilling of Wall Street not seen by a government panel since the Depression-investigating Pecora Commission. Fortune wanted to know what Levin thought of the answers he got from executives, including CEO Lloyd Blankfein, whether Goldman can save its reputation, and what his committee has learned from its hearings on the financial crisis.
Read the full interview.
Washington (CNN) - The political fallout continued Friday for Florida Gov. Charlie Crist as his longtime friend and adviser Sen. George LeMieux announced that he will not support Crist's independent bid for Senate.
"I am saddened that my friend, Governor Crist, has decided to leave the Republican Party. Our friendship runs deep, but my commitment to the principles of the Republican Party runs deeper. I cannot walk down the path he has chosen," LeMieux said in a statement released by the Republican Party of Florida.
On Thursday, Crist announced that he will run as an independent in the Florida Senate race, sidestepping a showdown with Republican Marco Rubio.
For LeMieux, Crist's former chief of staff, the move means turning his back on the man who appointed him to the Senate following the retirement of Sen. Mel Martinez.
(CNN) - In their fourth day of deliberations, a federal jury in Tennessee has so far found a 22 year-old man guilty on two of four counts in a case that involved hacking into Sarah Palin's e-mail account nearly two years ago when she was the vice presidential nominee.
The jury has determined David Kernell, 22, is guilty on felony charges of intentionally accessing Palin's e-mail account without authorization and obstructing an FBI investigation, the Knoxville News Sentinel reports.
Meanwhile, the jury acquitted Kernell on a third charge of wire fraud and remains divided over the fourth charge of identity theft.
(CNN) – President Barack Obama and former Alaska Gov. Sarah Palin will be just 50 miles apart on Saturday when both give speeches in Michigan.
The president is set to give the commencement address at the University of Michigan in Ann Arbor. Around the same time, Palin, the 2008 Republican vice presidential nominee, will speak to conservatives pushing for limited government and lower taxes at a "Defending the American Dream Summit" hosted by Americans for Prosperity Foundation.
Last fall, Palin visited Michigan to kick off the tour for her book "Going Rogue: An American Life."
During the presidential campaign, Palin took issue with running mate John McCain's decision to pull out of Michigan and move resources to other states. In her book, Palin says her opposition to the decision to abandon Michigan is when she first went "rogue." At the end of the book, on page 403, Palin says that Michigan can't be forgotten.
(CNN) – Immigration is the new hot topic in the nation's capital following Arizona's passage of a tough state law against illegal immigration.
CNN's Deputy Political Director Paul Steinhauser and CNN Radio's Dick Uliano talk about this controversial issue that has sparked protests around the country.
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(CNN) – Rep. Ginny Brown-Waite, R-Florida, will retire at the end of this congressional session due to health reasons, according to a statement released Friday by her office.
"As I have prepared for my campaign, I have been troubled by persistent health problems and have come to the disappointing and sad conclusion that I cannot run for reelection," said Brown-Waite, who represents Florida's 5th Congressional District. "There are simply too many unresolved issues around my health and my pancreas in particular. As of this morning, my doctors are still undecided about what course to pursue next for my treatments."
Brown-Waite's statement included an endorsement for Hernando County Sheriff Richard Nugent, a Republican, who the Tampa Tribune reports filed Friday with the state supervisor of elections office in Tallahassee to run in Brown-Waite's district.
"I encouraged Sheriff Nugent to run because I know him to be a strong conservative who will continue my fight for veterans and seniors," Brown-Waite said. "This past week Rich told me he would stand in my place for election to Congress."
(CNN) - Attorney General Eric Holder is sending a team of Justice Department attorneys to the Gulf Coast to meet with federal prosecutors and response teams, the Justice Department said in a statement released Friday.
"The Justice Department stands ready to make available every resource at our disposal to vigorously enforce the laws that protect the people who work and reside near the Gulf, the wildlife, the environment and the American taxpayers," the statement said.
Washington (CNN) – President Barack Obama welcomed the new economic growth figures issued Friday, saying "our economy as a whole is in a much better place than one year ago."
The U.S. economy grew at an annual rate of 3.2 percent in the first quarter of 2010, according to the Commerce Department. It was the third straight quarter of growth.
"The economy that shrank for four quarters in a row has grown for three quarters in a row," Obama said at the White House. "The economy that was losing jobs a year ago is creating jobs today."
The rate of expansion was down from the 5.6 percent growth rate in the fourth quarter of 2009, and slightly below economists' forecasts for a 3.3 percent increase. The fact that the economy has now expanded for three consecutive quarters, however, confirmed the view of many economists that the recession that started in December 2007 ended at some point in the middle of last year.
Washington (CNN) – President Barack Obama is ordering Interior Secretary Ken Salazar "to conduct a thorough review" of the explosion of the Deepwater Horizon rig and subsequent oil spill.
Speaking Friday at the White House, the president ordered Salazar to "report back to me in 30 days" on any "precautions in technologies" needed to prevent such accidents in the future.
"We're going to make sure that any leases going forward have those safeguards," Obama said. "We've also dispatched teams to the Gulf Coast to inspect all deep-water rigs and platforms to address safety concerns."
Washington (CNN) - Nearly four in ten Americans support Arizona's new immigration law while three in ten say they oppose it, according to a new national poll.
A Gallup survey released Thursday indicates that 39 percent of the public says from they know or have heard about the new law, they support it, with 30 percent opposed and 31 percent saying they have not heard of the new law or have no opinion.
The poll was conducted April 27-28. Arizona Gov. Jan Brewer signed the legislation into law on April 23. The law requires immigrants to carry their alien registration documents at all times and requires police to question people if there is reason to suspect they are in the United States illegally. The measure also makes it a state crime to live in or travel through Arizona illegally. The laws has ignited protests in the state and across the country and some are urging economic boycotts of Arizona.
According to the survey, nearly eight out of ten Americans have heard about the law. Of those, 51 percent support the measure and 39 percent oppose the law.