Mitt Romney inches closer to becoming the Republican Presidential Nominee after close races on Super Tuesday, AIG sells its stake in AIA while it attempts to buy stock back from The Treasury and has the contraception saga finally come to an end? This and more in this week’s Week in Pictures.
Senate Majority Leader Harry Reid of Nev., center, leads a Senate Democrats news conference on Capitol Hill in Washington, March 1, 2012, after the defeat of a Republican effort to roll back President Barack Obama’s policy on contraception insurance coverage. From left are Sen. Patty Murray, D-Wash., Sen. Charles Schumer, D-N.Y., Reid, and Senate Majority Whip Richard Durbin of Ill. (AP Photo/J. Scott Applewhite)
In a Wednesday, April 22, 2009 file photo, House Foreign Affairs Committee member Rep. Donald Payne, D-N.J. asks a question of Secretary of State Hillary Rodham Clinton during her testimony before the committee on Capitol Hill in Washington. Payne, the first black elected to represent New Jersey in Congress, died Tuesday, March 6, 2012. He was 77. (AP Photo/Susan Walsh, File)
The Treasury Department sold off some $6 billion dollars worth of AIG stock as part of its ongoing effort to shed ownership of the New York-based insurer, three years after it was rescued during the height of the financial crisis. AIG itself anticipates buying back $3 billion of its own stock. AIG will also repay $8.5 billion in preferred interest in a separate bailout vehicle using funds from the sale of its stake in Asian life insurer AIA Group.