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WASHINGTON - Congressional leaders said Saturday they hoped to reach an agreement on a multibillion-dollar bailout plan for the financial sector before the markets open Monday, even if House and Senate votes would come later. ...more
September 27, 2008
The Bush administration and congressional negotiators agreed Friday to meet some demands of rebellious House Republicans as they sought to resurrect a $700 billion rescue plan for the nation's financial system that the critics said relied too much on government intervention. ...more
September 27, 2008
WASHINGTON - President Bush told Congress Friday it must "rise to the occasion" and pass legislation bailing out the struggling financial system, and leading lawmakers arranged to resume difficult negotiations. ...more
September 26, 2008
Be scared. Be very, very scared. Congress, sign on the dotted line quickly before the world ends. I've seen this movie before and if "Bush-Cheney: The Sequel" goes the way of the original, we're in trouble. ...more
September 26, 2008
A group of conservative Republicans in the House proposed a financial rescue package of tax breaks and a new government-sponsored insurance program for mortgage-backed securities Thursday as an alternative to President Bush's proposed $700 billion bailout of Wall Street. ...more
September 26, 2008
Democrats won a key concession from the White House on legislation to bail out the financial industry on Wednesday, then sought to scale back the $700 billion price tag. President Bush readied a prime-time speech to rally public support for his plan to stave off a deepening economic crisis. ...more
September 24, 2008
Republican John McCain said Wednesday that he wants to postpone Friday's debate to deal with the nation's financial problems, but Democrat Barack Obama said "it's more important than ever" that the country hear from its next president. ...more
September 24, 2008
Federal Reserve Chairman Ben Bernanke bluntly warned reluctant lawmakers Tuesday they risk a recession with higher unemployment and increased home foreclosures unless they act on the Bush administration's $700 billion plan to bail out the financial industry. ...more
September 23, 2008
I am outraged by the recent "solutions" proposed by our "leaders" in Washington to the financial crisis. Unelected bureaucrats and several shameful congressmen have staged a dangerous coup. They have hijacked our wonderful democratic and free market institutions and debased them into socialist nightmares that would make Hugo Chavez and Vladimir Putin blush. If that doesn't alarm you, then try this: Over the past three months, two unelected bureaucrats have decided to spend $1 trillion (at least) of your money to prop up their former colleagues or future consulting gigs. ...more
September 23, 2008
As officials in Washington raced to put together a bailout plan for the nation's teetering financial system, Sen. John McCain hammered Sen. Barack Obama as part of the problem while Obama said any rescue should include a new stimulus package for families. ...more
September 20, 2008
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