Chrysler Pays Back Federal Loans

Chrysler paid back on Tuesday $7.6 billion in loans from the American and Canadian governments, paving the way for its Italian partner, Fiat, to increase its control over the Detroit carmaker.

Supreme Court Orders California To Reduce its Prison Population

On Monday, the U.S. Supreme Court in a 5-4 ruling ordered California to reduce its prison population by more than 33,000 inmates, the Sacramento Bee reports (Stanton, Sacramento Bee, 5/24).