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An incident between US and Iranian ships in the Strait of Hormuz was hardly routine, as Tehran is claiming, White House press secretary Dana Perino said Tuesday, indicating that Iran's high-speed charge at a three-boat Navy convoy was "reckless" and shouldn't happen again.

In a case brought by a Michigan sand-and-gravel company, the Supreme Court ruled Tuesday that a six-year cutoff prevents suing the federal government in property disputes beyond the deadline.

Treasury Secretary Henry Paulson said Tuesday on CNBC that the administration is in discussions with the mortgage industry about a possible expansion of a program to freeze adjustable-rate mortgages to help at-risk homeowners.

Healthcare spending, which makes up a growing share of the New Jersey became the first Northern state to formally


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