Topic: Capitol Hill

Hard economic times strip people of the means to purchase frivolous items. In their expose', Senators Tom Coburn from Oklahoma and John McCain from Arizona criticize ridiculous expenditures doled out for projects doing little to jump start the economy or to add ...
Congressional leaders agreed yesterday to give the Big Three automakers more time to make their case for a $25 billion emergency bailout, but they demanded that General Motors, Ford Motor, and Chrysler provide detailed plans for using the money to assure their ...

Geithner urges bipartisan bid to boost economy

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday the economy was healing but still needs support from both political parties to help small businesses and extend middle-class tax cuts."Right now, we need bipartisan action to help reinforce this recovery," he ...

Congress sprints for Wall St reform finish line

WASHINGTON (Reuters) - Lawmakers racing to complete the biggest overhaul of the financial rulebook since the 1930s sat down on Tuesday with fresh deals in hand on consumer protection, debit cards and mortgages.Members of a Senate-House of Representatives panel still have a ...
There seems to be a lot of agreement that the positive GDP report for Q3 was in retrospect not as positive as the headline number might lead one to assume. Henry Blodget has a nice short post on this subject with some ...
Obama to announce help for small businesses in effort to refocus bailout planPresident Barack Obama is set to unveil plans to refocus spending of the government's $700 billion financial bailout away from big financial institutions and toward small businesses.The White House says ...
Under fire for bonuses, AIG says it spent some bailout money putting up collateral for banksAmerican International Group Inc. on Sunday detailed how it used some of its $170 billion in federal bailout money, after the troubled insurer provoked outrage on Capitol ...
Shaky bailout intro could make the plan a tougher sell later onThat bomb of a bailout intro could make things tougher later on for the administration.President Barack Obama and his top financial officials will be picking up the pieces and filling in ...

S&P Nears First Quarterly Loss

The market has been so transfixed by the fate of the president's proposed stimulus bill that fourth-quarter earnings have been pushed briefly out of the spotlight. "What drove the S&P 500 up 5.2% last week to its first rise in five weeks? ...
The market has been so transfixed by the fate of the president's proposed stimulus bill that fourth-quarter earnings have been pushed briefly out of the spotlight. "What drove the S&P 500 up 5.2% last week to its first rise in five weeks? ...
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