Daily News Channel
Few U.S. politicians enjoy fiscal grandstanding more than South Carolina Governor Mark Sanford. Five years ago, the conservative Republican, who was first elected in 2002, brought piglets under each arm to the state legislature to protest pork-barrel spending.
House Democratic aides denied Wednesday that work is already underway on a second stimulus package.
Now it’s official: the economy really is in free fall.
Barack Obama calls them the Propeller-Heads, the cheerful band of financial nerds he has charged with saving America’s economy. And on the Friday before Presidents’ Day weekend, they were ready to show him the latest piece of their rescue plan: the 2010 federal budget. Having just squeezed through Congress what may be the largest spending bill in history, the President now needed to do something that would make the stimulus fight look easy: show the country and the world that he was as serious about preventing waste as he was about promoting growth
California Gov.
President Obama will pitch his plans this week for dealing with record home foreclosures and trying to thaw frozen credit markets — and taking some key lessons learned into consideration. Aides said the White House has learned several lessons from the fight over the economic stimulus plan, including that the president is better at selling his ideas when he gets out of Washington.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States’ largest trade partner. At issue is a controversial so-called “Buy American” provision requiring the use of U.S.-produced iron, steel, and other manufactured goods in public works projects funded by the $787 billion economic stimulus bill. Several Democratic-leaning unions and domestic steel and iron producers favor the provision; a large number of business and trade organizations are opposed
What a joke. Your Congress has voted to spend almost $790 billion of your money on a stimulus package that not a single member of either chamber has read
An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies receiving federal bailout money. The amendment by Sen
The U.S. Senate has given final approval to a $787 billion economic-stimulus package backed by President Obama, with Democratic Ohio Sen