Over the weekend, the United States Treasury said it has plans to sell $18 billion worth of American International Group stocks. During the financial crisis in 2008, the government pumped $182 billion into AIG stock to keep it from collapsing.
Reuters reports, this morning, that AIG shares fell 1.5 percent because of the news. Reuters adds:
"AIG itself will buy back $5 billion of its own shares in the upcoming stock sale, with the rest of the shares going to the broader public.
Trenton Mayor Tony Mack, left, is driven in custody into the federal courthouse in Trenton, N.J. on Monday.
Credit Mel Evans / AP
The FBI arrested the mayor of New Jersey's capital city today, accusing him of corruption related to a bribery scandal.
The FBI alleges Tony Mack, the mayor of Trenton, accepted thousands of dollars in exchange for influence over a parking garage project. Federal authorities also arrested Mack's brother and a supporter.
NPR's Carrie Johnson filed this report for our Newscast unit:
"Federal prosecutors accuse all three men of taking part in a conspiracy to obstruct justice.