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The latest extended forecast from The Weather Channel

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Ice Storm Warning issued January 16 at 3:32PM PST until January 18 at 4:00PM PST by NWS

...LIGHT ICING POSSIBLE TUESDAY MORNING AND AFTERNOON. HEAVY ICE AND SNOW ACCUMULATIONS EXPECTED TUESDAY NIGHT AND WEDNESDAY... .SEVERAL ROUNDS OF MOISTURE OVERRUN THE VERY COLD AIR MASS IN PLACE. THE FIRST ROUND ARRIVES TUESDAY MORNING NEAR THE CASCADES AND SPREADS EAST LATE MORNING AND AFTERNOON. THIS WILL BE LIGHT BUT ALSO IN THE FORM OF SLEET...FREEZING RAIN...AND SNOW. HEAVIER

Tonight

Lo10° Slight Chance Wintry Mix and Patchy Freezing Fog

Tuesday

Hi26° Wintry Mix

Tuesday Night

Lo24° Freezing Rain

Wednesday

Hi33° Rain/Freezing Rain

Wednesday Night

Lo30° Wintry Mix Likely then Slight Chance Snow

Thursday

Hi37° Slight Chance Snow then Cloudy

Thursday Night

Lo28° Cloudy

Friday

Hi35° Rain Likely

Friday Night

Lo26° Snow Likely

Saturday

Hi34° Chance Rain/Snow

After taxpayer bailout, AIG considers suing U.S.

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NEW YORKAIG is considering today whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.

American International Group Inc. said its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government’s $182 billion bailout of the New York-based insurer.

If AIG decides to join the complaint, which seeks $25 billion in damages, it would pit the company against the government that in 2008 kept it from buckling under the weight huge losses on mortgage-backed securities and other toxic assets.

AIG said that after today’s meeting, its directors should have a decision by the end of the month.

Starr International Co. Inc., the investment firm of former AIG CEO Maurice Greenberg, filed the lawsuit in November 2011 on behalf of the firm and AIG shareholders.

The complaint, filed in the U.S. Court of Federal Claims and the U.S. District Court for the Southern District of New York, says that the government didn’t provide shareholders fair compensation when it took a nearly 80 percent stake in the insurer as part of the bailout. In doing so, the government violated the Constitution, Starr claims.