A New York City budget official has conceded that $400 property tax rebates cannot be canceled without City Council approval. But Mayor Michael Bloomberg says the checks still can't go out -- because "we have no money." Council Speaker Christine Quinn, meanwhile, has vowed to "fight as hard as we can" to get some 600,000 homeowners their rebates.

A New York City budget official has conceded that $400 property tax rebates cannot be canceled without City Council approval. But Mayor Michael Bloomberg says the checks still can't go out because ``we have no money.'' (File photo)

Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money.

Nov. 20 (Bloomberg) -- Money-market rates in Europe declined on speculation policy makers will accelerate cuts in borrowing costs and provide more cash amid signs the deepening global recession is thwarting lending by banks.

FBI agents are helping Jersey's anti money-laundering teams with how to detect and fight mortgage fraud.

The LPGA is cutting its tournaments from 34 to 31 in 2009 and slashing its official prize money by just over five million dollars, commissioner Carolyn Bivens announced on Wednesday.

Nov. 20 (Bloomberg) -- Australia and Hong Kong policy makers pumped cash into money markets, helping to bring down funding costs that had risen to records last month amid an international lending freeze.

Nov. 20 (Bloomberg) -- Money market rates in Asia declined on speculation central banks around the world will step up efforts to boost lending as inflation wanes.

Before being sworn in or casting their first votes, some newly elected members of Congress were introduced Wednesday to another hallmark of life on Capitol Hill -- the big-ticket reception for big-money donors.

A former Pennsylvania appellate judge has been convicted in Pittsburgh of lying about neck and back injuries to collect money from insurance companies.