Lindsey Vonn's decision to sit out next month's Olympic Games because of a knee injury is surely a personal and professional disappointment for the Alpine skiing star. But Olympic athletes with Vonn's star power also mean big advertising dollars — and not competing in Sochi may create winners and losers among the skier's sponsors.
The Senate surprised quite a few people in Washington today when it voted to proceed on a bill to temporarily extend emergency unemployment benefits. Six Republicans joined Democrats in voting to get the measure over a key procedural hurdle.
But it was only the first step, and the president is applying pressure to keep it moving.
In New York City, 80 police officers and fire fighters are facing fraud charges. They're accused of a massive scheme to defraud the Social Security Administration. The scheme ran for over a decade and allegedly cost US taxpayers millions of dollars in false claims.
In a separate action, the-court appointed trustee who's charged with recovering what he can for the investors who were fleeced by Bernard Madoff, today, announced a proposed settlement of his claims against JPMorgan. Trustee Irving Picard submitted two agreements to the bankruptcy court, agreements that add up to $543 million.
Joining us from New York are Mr. Picard and his counsel, David Sheehan. Welcome back to the program.