Steele elected to lead Republican Party

Steele elected chair of RNC

Former Maryland Lt. Gov. Michael S. Steele survived a five-hour ballot marathon to win election yesterday as the first African-American chairman of the Republican Party. Steele was regarded as an outsider and an underdog in the five-way leadership contest. The other top contenders were all sitting members of the Republican National Committee, which had not reached outside its membership for a chairman in a contested election in more than 30 years.

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Bonuses at troubled companies

Should troubled financial giants that have rewarded their employees with billions in 2008 bonuses continue to receive government assistance?