20
votes
submitted by eooties 32 months ago, from washingtonpost.com
The Obama administration pressed ahead yesterday with its plans to close the military prison at Guantanamo Bay, flying a detainee to New York to face federal trial despite bipartisan opposition in Congress to bringing such prisoners to the United States for trial, resettlement or continued... More
19
votes
submitted by trippie48 32 months ago, from washingtonpost.com
Stepping up his push to reform the nation's health-care system, President Obama yesterday warned of the impact of spiraling costs to the nation's finances. "The status quo is broken," Obama declared in his weekly radio and Internet address. "If we do nothing, everyone's health care will be put in... More
17
votes
submitted by riverdrops 32 months ago, from washingtonpost.com
The rush of capital into the banking industry over the past month is allowing firms to postpone the painful process of selling devalued mortgages and other troubled assets, a step many financial experts still consider necessary to fully revive lending. More
20
votes
submitted by trippie48 34 months ago, from washingtonpost.com
The CIA no longer operates any secret overseas prisons, Director Leon Panetta said yesterday, and has not detained anyone since he became chief in February. Panetta's statement, contained in a message to the CIA workforce, also said the agency will no longer use contractors to conduct... More
19
votes
submitted by eooties 34 months ago, from washingtonpost.com
President Obama, in Prague to deliver a speech in which he vows to reduce the proliferation of nuclear weapons and material, condemned North Korea's launch of a ballistic missile, calling it a threat to the region and to international peace and security. More
18
votes
submitted by bafficio 35 months ago, from washingtonpost.com
The Treasury Department will unveil the next step in its financial rescue efforts tomorrow, announcing that it intends to create a government body, called the Public Investment Corp., to finance the purchase of as much as $1 trillion in soured loans and toxic assets from ailing banks, according to.. More
13
votes
submitted by grandie4 35 months ago, from washingtonpost.com
House Speaker Nancy Pelosi said yesterday that the federal government may have to spend even more money to shore up the nation's ailing economy, on top of the more than $1.6 trillion so far approved by Congress. More
19
votes
submitted by agabriel 35 months ago, from washingtonpost.com
A shortage of staff at the Treasury Department is taking a toll on its ability to deal with a financial crisis that continues to deepen in scope and complexity, government and industry officials said. Every key position within the Treasury, with the exception of Secretary Timothy F. Geithner... More
16
votes
submitted by agabriel 35 months ago, from washingtonpost.com
The nation's unemployment rate topped 8 percent last month and the economy shed 651,000 jobs, according to government data released this morning, further evidence of the deepening recession that has devastated the stock market and home prices and triggered the largest government recovery effort... More
21
votes
submitted by grandie4 35 months ago, from washingtonpost.com
President Obama's spending plan is built on the assumption that lawmakers can resolve some hugely contentious issues -- and it relies on a few well-worn budget tricks. The request he will deliver to Congress today proposes to provide what administration officials are calling a "down payment" on a... More
18
votes
submitted by eooties 36 months ago, from washingtonpost.com
The United States will have to keep about 60,000 troops in Afghanistan for at least the next three to four years to combat an increasingly violent insurgency, the top U.S. commander in Afghanistan said yesterday, warning that 2009 will be "a tough year." More
21
votes
submitted by trippie48 36 months ago, from washingtonpost.com
Treasury Secretary Timothy F. Geithner laid out the Obama administration's financial rescue program for his international counterparts Saturday in an effort to rally a vigorous global response to the worsening crisis and reassured the world's leading economies that the U.S. plan is more developed... More
20
votes
submitted by chiasma 36 months ago, from washingtonpost.com
Director of National Intelligence Dennis C. Blair told Congress yesterday that instability in countries around the world caused by the current global economic crisis, rather than terrorism, is the primary near-term security threat to the United States. "Roughly a quarter of the countries in the... More
14
votes
submitted by bafficio 36 months ago, from washingtonpost.com
The federal government has invested almost $200 billion in U.S. banks over the last three months to spark new lending to consumers and businesses. So far, it hasn't worked. Lending has declined, and banks that got government money on average have reduced lending more sharply than banks that didn't. More
20
votes
submitted by eooties 36 months ago, from washingtonpost.com
The unanimous vote by House Republicans against President Obama's stimulus plan provided an early indication that the GOP hopes to regain power by becoming the champion of small government, a reputation many felt slipped away during the high-spending Bush years. More
