Charles E Schumer

The top two executives of beleaguered Countrywide Financial Corp. will pocket $19 million in stock next week, according to a regulatory filing. It's the start of a series of multimillion-dollar payments expected to go to the pair before and after the company's pending takeover by Bank of America Corp. The largesse for Countrywide Chief Executive Angelo Mozilo and President David Sambol drew immediate fire from Sen. Charles E. Schumer (D-N.Y.

Former IndyMac Bank workers who blame Sen. Charles E. Schumer for the collapse of the large Pasadena thrift have found an ally in their quest to hold the New York Democrat to account: a public relations firm with a Republican-heavy client list.

After years of complaining that Republicans were cluttering the tax code with provisions that enriched the wealthy, leading Democrats in Congress now want to add tax credits and deductions to benefit narrow groups of largely middle-class constituents. Among potential beneficiaries: people with elderly parents in nursing homes, new parents, college students, volunteer firefighters and organ donors.

U.S. Atty. Gen. Alberto R. Gonzales has so politicized the Justice Department that he should step down for the sake of the nation, the Senate's third-ranking Democrat said Sunday. Sen. Charles E. Schumer of New York -- citing recent disclosures about the FBI's improper use of administrative subpoenas to obtain private records and the controversy over the dismissal of eight U.S.

In a bid to stop a wave of foreclosures, Sen. Charles E. Schumer (D-N.Y.) on Thursday urged Congress to approve $300 million for counseling and outreach efforts to help beleaguered borrowers hold onto their homes through refinancing deals and other financial strategies that would require cooperation from private lenders. Schumer also proposed legislation to hold mortgage brokers and independent, non-bank lenders such as Ameriquest Mortgage Co.

Sen. Charles E. Schumer (D-N.Y.) is receiving treatment to prevent Lyme disease after being bitten by a tick during a tour of Hudson Valley dams. Schumer said he spotted the telltale "bull's-eye" mark on his leg that is an early sign of infection. He is undergoing a 21-day treatment with antibiotics "to prevent it from developing into the disease."

A U.S. regulator should scrutinize billions of dollars of loans that have helped keep troubled mortgage lender Countrywide Financial Corp. afloat in recent months, a leading senator said Monday. In a letter to the regulator of the Federal Home Loan Bank system, Sen. Charles E. Schumer said Countrywide, the largest U.S. mortgage lender, might be abusing the program. At the end of September, Countrywide owed the Federal Home Loan Bank system, a government-sponsored program, $51.