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Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers. ...more
December 12, 2008
The homeless beggar near the office was smoking a cigarette and had a pack in this shirt pocket as he offered his cup for a handout. ...more
November 23, 2008
Hard-line opponents of an auto industry bailout branded the industry a "dinosaur" whose "day of reckoning" is near, while Democrats pledged Sunday to do their best to get Detroit a slice of the $700 billion Wall Street rescue in this week's lame-duck session of Congress. ...more
November 17, 2008
First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. ...more
October 26, 2008
It isn't often that public outrage peaks so close to an election, but this is a rare moment in history when "we the people" can exact a price from the political leadership that has duped, scammed and lied to them, contributing mightily to the current financial mess. ...more
September 26, 2008
WASHINGTON (AP) -- Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal. ...more
September 25, 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
Sen. John McCain is running a television ad attacking the spending record of prominent Democrats. This is certainly a remarkable offering from a man who treats Ronald Reagan as a saint. Reagan ran up the largest deficits in history, surpassed only by the Bushes, without a word of apology. ...more
September 12, 2008
Federal Reserve Chairman Ben Bernanke has appealed to Senate Democratic leaders to confirm President Bush's long-pending nominations to fill two empty chairs as Fed governors, enabling a fully staffed central bank to handle the current financial crisis. He did not receive a favorable response from Sen. Christopher Dodd, Senate Banking Committee chairman. ...more
June 30, 2008
A Senate committee Wednesday declined to add wind damage coverage to a bill to overhaul and renew the national flood insurance program. ...more
October 18, 2007
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