A government watchdog agency report has hit the Federal Emergency Management Agency for lax oversight of the program that has private insurers write policies for the National Flood Insurance Program.

Sen. Max Baucus, D-Mont., revealed he has made changes in the language he has proposed as the starting point for health care delivery system reforms, aimed at making care more affordable for low and middle income Americans.

Contrary to what insurers have been saying, the recession has had a nationwide negative impact on credit scores, regulators meeting here were told by a consumer advocate.

An influential member of Congress, who is working to help make sure American International Group repays its government loans, said the company had previously been using a "fire sale" mentality to pay off its debts.