WASHINGTON (AP) -- The Justice Department is finalizing a lawsuit against Citigroup over the bank's sale of residential mortgage-backed securities after negotiations to resolve the matter broke down.<br />
Two people with direct knowledge of the matter say negotiations between the Justice Department and the bank fell apart this week. They said a lawsuit from the federal government could be filed as early as next week.<br />
The people spoke on condition of anonymity because they weren't authorized to be quoted by name when discussing a complaint that has not yet been filed.<br />
One of the people said the bank offered to pay less than $4 billion to settle the investigation, substantially less than what the Justice Department is demanding.<br />
Spokesmen in New York for Citigroup didn't immediately return calls seeking comment Friday.
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
House Republican leaders rallied around one of their own, Whip Steve Scalise, on Tuesday after he said he regrets speaking 12 years ago to a white supremacist organization and condemns the views of such groups.
President Vladimir Putin's chief political foe was convicted along with his brother on Tuesday in a fraud case widely seen as a vendetta by the Kremlin, triggering one of Russia's boldest anti-government demonstrations in years.
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Three school districts in northeast Georgia - Hall, White, and Jefferson - have received national recognition for their use use of innovative technologies. They earned top spots in the Center for Digital Education's and the National School Boards Association's 10th annual Digital School Districts Survey.
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