May 10, 2013

May 10th in US Political History Part X



On May 10th in US Political History
Part X

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On May 10th in 2004 President Bush reacted with "deep disgust and disbelief" during a Pentagon visit as he examined new photos and video clips of American soldiers abusing Iraqi prisoners.

On May 10th in 2004 Charles Prince, CEO of Citigroup, said his bank would pay $2.65 billion to settle class-action litigation accusing it of misleading investors in WorldCom.

On May 10th in 2004 A US. aircraft destroyed a Baghdad office of Muqtada al-Sadr. His followers said two people were killed and six injured. US military said as many as 35 Al-Sadr supporters were killed.

On May 10th in 2005 A federal bankruptcy judge freed United Airlines from responsibility for pensions covering 120,000 employees.

On May 10th in 2005 US forces backed by helicopter gunships and warplanes swept through western Iraq near the Syrian border for a third day, raiding desert outposts and safe houses belonging to insurgents.

On May 10th in 2006 The US Federal Reserve raised interest rates for the 16th time in a row by .25% to 5%. They said further moves may be needed to address inflation risks.

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