The U.S. government's $700 billion bailout program will "almost certainly" result in an overall loss for taxpayers, a key auditor for the program said on Thursday
Wednesday, 11 Nov 2009 | Source: The New York Times
Health care reform has always had two main goals. The first — insuring the uninsured — carries grand overtones of social justice. The second — making the health care system more efficient — can seem abstract, technocratic and a bit nerdy. The New York Times looks at what's missing.
Sen. Christopher Dodd, chairman of the Senate Banking Committee, told CNBC Wednesday that his version of the financial reform bill is a "discussion draft," and there is still room for debate over whether to create a single federal regulator, as well as whether to make an independent consumer protection agency.
Tuesday, 10 Nov 2009 | Source: The Associated Press
A U.S. Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea
The healthcare reform that the House of Representatives approved late Saturday is bad for the US and will actually damage the health care system, Steve Forbes, CEO at Forbes, told CNBC Monday.
Saturday, 7 Nov 2009 | Source: The Associated Press
The House passed landmark health care legislation Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. The Senate takes up the bill next.
Urged on by President Barack Obama, Democratic leaders in the U.S. House hustled Thursday to round up support for a sweeping health care overhaul headed to a close floor vote Saturday.
Republicans rolled to victory in Virginia and New Jersey governor's races on Tuesday in a sharp blow to Democrats that showed the limits of U.S. President Barack Obama's political clout.
Tuesday, 3 Nov 2009 | Source: The Associated Press
Rep. Barney Frank says he expects a House bill will allow regulators to dismantle even healthy firms if they've grown so big that they threaten the broader economy.
Eight major US banks that received government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis finds .
Tuesday, 3 Nov 2009 | Source: The Associated Press
Dale Haney has kept the White House grass green and the flowers blooming for 40 years, but he's cultivated something else just as important: relationships with the presidents' pooches. Haney has tended to all of them from Richard Nixon's King Timahoe to Barack Obama’s Bo.
Wednesday, 4 Nov 2009 | Source: The Associated Press
The Senate Democratic leader indicated Tuesday that lawmakers may not complete health care legislation this year, missing President Barack Obama's deadline on his signature issue and pushing debate into a congressional election year.
"Dream House: The White House as an American Home,” by Ulysses Grant Dietz and Sam Watters, describes the history of the presidential residence, and how changes made to it have reflected Americans' changing ideals about what a home should be.
When I first heard the $1 Billion set aside by the Federal government for the "Cash for Clunkers" program was about to run out, I chuckled and thought, "well that didn't take long." It also has brought up a question as to whether or not the quick evaporation of money means the public is ready to buy cars and trucks again, or if this is a one time "flash point" of demand sparked by Federal money... Read More
Well, of one thing I am certain—fiscal drag will offset monetary stimulus, and the result will be a torpid economy—with high unemployment and anemic growth... Read More