On Monday, the Dow Jones industrial average plunged an additional 326 points, down about 2 percent to 15,373. That was the seventh triple-digit drop so far this year. Back on Dec. 31, the Dow was at 16,577.
Warning that "simply delaying action on the debt limit can cause harm to our economy," Treasury Secretary Jacob Lew repeated Monday that he believes Congress should act soon to raise that limit so the federal government avoids even looking like it might default on its debts.
Originally published on Mon February 3, 2014 2:50 pm
The United States is one step closer to a future where cars will communicate with each other to avoid accidents.
The Department of Transportation announced on Monday it was moving forward with the steps necessary to one day mandate vehicle-to-vehicle — V2V — communication technology on light automobiles.
The big deal here is that research — including a 3,000-vehicle test of the system in Ann Arbor, Mich. — finds that V2V technology has the potential to "help drivers avoid or mitigate 70 to 80 percent of vehicle crashes involving unimpaired drivers."
Originally published on Mon February 3, 2014 1:27 pm
Twenty-seven bodies have been recovered from the ruins of a home for senior citizens in L'Isle-Verte, Quebec, and authorities believe that bone fragments found in the burned-out building will help them identify five more victims.
The search is over at the site, which was consumed by a fire on Jan. 23. It took 10 days to search the wreckage because water used to fight the flames had frozen. In some spots, ice was more than a foot thick.