The Government Accountability Office (GAO) has said mismanagement and underinvestment by the U.S. Air Force could possibly lead to the failure and blackout of the Global Positioning System (GPS). The risk of failure starts in 2010 and would impact not only military operations, but also the millions of people and businesses who rely on the satellite-based navigation systems built into cars, boats and cell phones. FOX News
Putting party differences aside, the Senate voted overwhelmingly yesterday to limit credit card companies’ ability to raise interest rates retroactively, charge excessive penalties or aggressively market themselves to younger consumers. The legislation, approved 90-5 in the Senate, now returns to the House with amendments. Detroit Free Press
Republican National Committee Chairman Michael Steele is attempting to "turn the page" on a troubled period for his party. Steele's recent speech to state GOP chairmen marked an attempt to end the strife in the Republican Party that has stalled rebuilding efforts. Click here to view video of the speech from ABC News.
President Mahmoud Ahmadinejad said Iran test-fired a new advanced missile Wednesday with a range of about 1,200 miles, far enough to strike Israel and southeastern Europe. The announcement will not reassure the U.S. government, coming just two days after President Barack Obama declared a readiness to seek deeper international sanctions against Iran if it shunned U.S. attempts to open negotiations on its nuclear program. CBS News
An Indonesian military plane carrying more than 100 people crashed into a row of houses and burst into flames, killing at least 98 people, the latest in a string of accidents plaguing the air force's beleaguered fleet. MSNBC