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President Barack Obama's ambitious plans to cut middle-class taxes, overhaul health care and expand access to college would require massive borrowing during the next decade, leaving the nation mired far deeper in debt than the White House has previously estimated, congressional budget analysts said Friday. ...more
March 21, 2009
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
Sen. John McCain and his Republican allies are readying a newly aggressive assault on Sen. Barack Obama's character, believing that to win in November they must shift the conversation back to questions about the Democrat's judgment, honesty and personal associations, several top Republicans said. ...more
October 4, 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
The nation's leaders are running out of answers to America's economic crisis. ...more
July 16, 2008
Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home loan rescue for up to 500,000 strapped borrowers under a plan approved by a key Senate committee Tuesday to pull the nation out of a housing crisis. ...more
May 21, 2008
A plan to send $500 to $1,000 rebates to all but the richest taxpayers advanced in the Senate on Wednesday after Republicans and Democrats teamed to add aid for disabled veterans, the elderly and the unemployed to a House-passed economic recovery bill. ...more
January 31, 2008
President Bush's choice for attorney general told senators Friday the Constitution does not prevent the president from wiretapping suspected terrorists without a court order. ...more
October 27, 2007
Sen. Larry Craig is reconsidering his decision to resign after his arrest in a Minnesota airport sex sting and may fight for his Senate seat, his spokesman said Tuesday evening. ...more
September 5, 2007
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