If a kid does something bad and you want to discipline him — give him a timeout, say, or take away a toy — there are some basic principles that seem to work.
The punishment needs to happen quickly after the bad behavior. And it needs to be significant enough to get noticed. Those rules aren't just for kids; they need to hold true for any type of punishment to be effective.
But if you're a federal regulator punishing a bank, it can be tough to be swift enough and to levee a penalty that's severe enough to make a difference.
In a closed-door meeting Thursday, lawmakers will consider whether to approve a secret report that chronicles CIA detention and interrogation practices — including methods that critics have compared to torture.
That report — along with the release of a new movie about the hunt for Osama bin Laden — is rekindling an old debate about whether those methods worked.
In a tug of war between President Obama and Congress, a federal appeals court panel in Washington, D.C., will hear arguments Wednesday on the legality of Obama's controversial recess appointments.
The White House says it was forced to install three new members of the National Labor Relations Board in January because of inaction by Senate Republicans. But those lawmakers argue the Senate wasn't really in a recess at the time.
Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.