Lawrence Summers, President Barack Obama's closest economic adviser, broke a long public silence Friday, asserting that today's economic problems stem from an unsustainable financial model and defending heavy deficit spending as a necessary evil to restore the economy. ...more

March 14, 2009

A children's health care bill that set congressional Democrats against President George W. Bush's administration in 2008 now appears headed for passage with Florida's two senators splitting their votes. ...more

January 27, 2009

A children's health care bill that set congressional Democrats against the Bush administration last year now appears headed for passage – but with Florida's two senators splitting their votes. The bill uses tobacco taxes, including an extra 61 cents a pack on cigarettes, to expand an existing program providing health insurance for children of the working poor. It's one of the most divisive issues Congress has considered recently. The Democratic majority passed it in 2008 but couldn't muster the votes to override former President George W. Bush's veto. This year, President Barack Obama says he'll sign the bill. The House passed it Jan. 14, and it's expected to come up for a Senate vote this week. ...more

January 26, 2009