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In fraud charges filed Friday, the agency accused six former top executives of Fannie Mae and Freddie Mac of lying about the number of subprime loans on their books. The SEC said the executives knew what was happening and even encouraged the deception.

To celebrate the new year, Sasa Woodruff's mom bakes a punch torte, a tradition started in her family back in the former Czechoslovakia. Her mom was born during World War II and food was scarce, but thanks to her family's chickens, the 16 eggs the cake calls for were a luxury they could afford.

Much has been made of the unusual volatility of the GOP race this year, with candidates taking turns in the front-runner spot in Iowa. But with more outside money and a reliance on social media, the run-up to this election season's Iowa caucuses has been different in other ways as well.

In 2011, Chrysler recovered from bankruptcy by redefining itself as a better, more luxurious car company and paying off nearly $8 billion in bailout loans. To top it all off, Chrysler sales are up 25 percent this year, about twice the industry average.

Rick Santorum racked up two wins in the South, Newt Gingrich vowed to stay in the race until Tampa, and Mitt Romney failed to put doubts about his candidacy to rest.

The Army staff sergeant who allegedly killed 16 civilians has been moved to a detention facility in Kuwait. Meanwhile, Defense Secretary Leon Panetta continues his visit to Afghanistan. And the Taliban says it is supspending talks with the U.S.

The Supreme Court will take up the issue of racial preferences in college admissions next fall, and some fear the decision will leave universities with fewer options for increasing diversity on campus. Others say affirmative action is a crutch that is long past due for replacement.

Sock monkeys, the red-mouthed, yarn-topped toys with a wide smile, were born during the Great Depression and handcrafted for the working class. Devotees of the little critters are still cherishing them at the annual festival dedicated to the Sock Monkey in Rockford, Ill.

The video game has become one of the most popular and best selling of all time. Its creator, Alexey Pajitnov, says that's because it appeals to humanity's "constructive spirit."

The New York City Fire Department said at least one person died in the crash Monday afternoon. Officials say they believe the person killed was the pilot. It's not clear what caused the incident.