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Donald Trump's pick to lead the Treasury Department, Stephen Mnuchin, built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.
Mnuchin, who served as Trump's finance chairman during the campaign, has defended his role in the purchase of the failed bank, whose collapse in 2008 was the second biggest bank failure of the financial crisis. Mnuchin, who assembled a group to buy the bank from the government, renamed it OneWest and turned it around, selling it for a handsome profit to CIT Group Inc. in 2014.
Italian Finance Police via AP
An avalanche buried a mountain hotel in an earthquake-hit region of central Italy, leaving at least 30 people missing, authorities said Thursday.
The civil protection agency said that they were working to get rescue vehicles to the Hotel Rigopiano through roads covered in snow, joining initial rescue efforts overnight by alpine rescue teams. The ANSA news agency quoted a rescuer as saying that there were fatalities, but details weren't immediately available.
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From a morning stop at church through the swearing-in to the last dance of the evening, it's going to be an inaugural marathon on Friday. Donald Trump will take Washington by storm, no matter what the weather. (Which, by the way, looks like rain.)
Take a look at some things to watch for on Inauguration Day.
Rick Perry was for "all of the above" on energy production before President Barack Obama embraced the strategy.
Years before the Democratic president endorsed all types of energy production — from oil and gas to renewable sources like wind and solar power — Perry was putting the policy into practice in Texas.
During Perry's record 14-year tenure as governor, Texas maintained its traditional role as a top driller for oil and natural gas, while also emerging as the leading producer of wind power in the United States and a top 10 provider of solar power.
On Thursday, the Republican enters his confirmation hearing to become energy secretary as more than the punchline who famously forgot the department was the agency he pledged to eliminate as a presidential candidate in 2011.
Donald Trump will be sworn in as the country's 45th president on Friday and thousands of his supporters from across the country will attend to witness the historic event. They hope his presidency will be the start of an American revival that will bring greater prosperty to the country.
The next day thousands of women, many dismayed by the president-elect's crude references to them and his embrace of policies they believe will hurt them and their families, will march in the capital. Many will wear pink pussy hats -- a reference to Trump's now famous statement that he could grab women "by the pussy."
Hear from some of those planning to attend.
Chelsea Manning thanked President Barack Obama for "giving me a chance" in a tweet Thursday.
"Thank you @BarackObama for giving me a chance. =,)," Manning tweeted.
Manning's thank you comes a day after Obama firmly defended his decision to cut nearly three decades off Manning's prison term Wednesday, arguing in his final White House news conference that the former Army intelligence analyst had served a "tough prison sentence" already.
The sons and daughters of United States presidents, most of whom were children... View gallery »
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Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints. The Consumer Financial Protection Bureau filed the federal lawsuit against Navient Corp. and two subsidiaries on Wednesday, seeking restitution for affected borrowers and money penalties. The agency said the company also cheated struggling borrowers out of their rights to lower their payments "through shortcuts and deception." Navient disputed the allegations, calling the suit a politically motivated "midnight action" two days before the Trump administration takes office.
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Donald Trump said Thursday that he expects that former Georgia Gov. Sonny Perdue, his choice to lead the Agriculture Department, will "deliver big results for all Americans who earn their living off the land."
Agriculture secretary was the final Cabinet post to be announced by Trump, who is set to take office Friday.
Perdue, 70, is a farmer's son who built businesses in grain trading and trucking before becoming the first Republican governor of Georgia since Reconstruction.
Perdue, from the small city of Bonaire in rural central Georgia, would be the first Southerner in the post in more than two decades. He is not related to or affiliated with the food company Perdue or the poultry producer Perdue Farms.
From the horse and buggy to reinforced limousines, see the century-long history... View gallery »
U.S. Air Force B-2 bombers attacked Islamic State military camps in Libya in a move aimed at eliminating extremists who had escaped the former IS stronghold of Sirte, a defense official said Thursday.
The official said the camps were located about 45 kilometers, or 28 miles, southwest of the central coastal city of Sirte. The official was not authorized to speak in advance of an expected Pentagon announcement and confirmed the strikes on condition of anonymity.
The strikes were carried out overnight and were authorized by President Barack Obama, marking perhaps the final use of military force by a wartime president who intervened in Libya in 2011 as part of a coalition that ultimately toppled dictator Moammar Gadhafi.
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Incoming White House Press Secretary Sean Spicer is set to hold a media briefing at the Trump Transition Office in Washington, D.C., at 9:15 a.m ET.
Iran's foreign minister said Thursday his country isn't worried and has options if U.S. President-elect Donald Trump ditches a nuclear agreement reached between Iran and six world powers.
Despite "grievances" that Iran has over the pact made with the current U.S. government, Mohammad Javad Zarif said Iran still believes it should be honored.
"Whatever he does to the nuclear deal, we are not worried because we have our own options. But we believe it's in the interest of everybody to stick to the deal. Most importantly it's an international agreement. It's not a bilateral agreement between Iran and the United States," he told reporters on the sidelines of a meeting in Kuala Lumpur.
Rainbow flags, cut off shorts and music filled the streets near Vice President-elect Mike Pence's Chevy Chase home Wednesday night.
Hundreds met at the Friendship Heights Metro station before marching -- and dancing -- their way to Pence's neighborhood for a "Queer Dance Party."
Organizations WERK for Peace and DisruptJ20 held the event to express "that homophobia and transphobia is wrong and should be resisted," Firas Nasr, a founding organizer of WERK for Peace, told DCist.
AP Photo/Vahid Salemi
Dozens of firefighters were killed when a blazing high-rise building collapsed in Iran's capital, state-run Press TV reported Thursday.
The broadcaster put the death toll at 30. It gave no source for the information. NBC News could not immediately independently confirm Press TV's report.
Earlier, authorities said at least 25 people had been injured in the fire at Tehran's iconic Plasco building. The tower is attached to a multistory shopping mall and is located just north of the city's sprawling bazaar.
Local media reported that there were 200 firefighters on the scene at the time of the building collapse.
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