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The California Democrat envisions a bill that would include new spending on highways and bridges, extended benefits to unemployed workers, aid to cash-strapped states and a tax cut, congressional aides said.
NEW YORK (Reuters) - Oil tumbled on Wednesday, sliding to a 13-month low on expectations that a deepening economic slowdown will cut into already weakening demand.
As the meeting neared a close, each banker was handed a term sheet detailing how the government would take stakes valued at a combined $125 billion in their banks, and impose new restrictions on executive pay and dividend policies.
The ABCDE&F of propaganda - 8,577.91 -733.08 (-7.87%) Oct 15 - Close
U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the nation out of a recession.
``We're not going to use taxpayers' money to enrich financiers,'' Bush said today after lunching with local business leaders in Ada, Michigan, a suburb of Grand Rapids.
I've respected conservative nationally-syndicated radio talk show host Mike Gallagher (pictured) for his willingness to take tough stands, such as during the Elian Gonzalez saga in 2000, when Gallagher was one of the few conservatives in the coun
While explanations of the banking crisis can be long and complicated, this collection will (hopefully) make it simpler to understand from a libertarian perspective.
The gloomy report, prepared ahead of the Fed's October policy-setting meeting and known as the "beige book," shows that regions across the U.S. have taken on a more pessimistic view about the economic outlook.
Investors agonizing over a faltering economy sent the stock market plunging all over again today after a disheartening retail sales report convinced Wall Street that a recession, if not already here, is inevitable.
LOS ANGELES (Reuters) - Former first lady Nancy Reagan has been hospitalized for treatment of fractures to her pelvis and lower spine suffered in a fall at her home last week, her spokeswoman said on Wednesday.
With alarm bells still ringing about a “credit freeze” it seems as if taxpayers should know exactly what kind of credit they're being asked to un-freeze.
Nate Silver is a number-crunching prodigy who went from correctly forecasting baseball games to correctly forecasting presidential primaries—and perhaps the election itself. Here’s how he built a better crystal ball.
The ballot was the first in a major economy since the eruption of the worst worldwide financial crisis in almost a century.
Future impact of Bailouts
All told, its a massive program that makes my earlier forecast of 2-3Trillion obsolete. New forecast is now double: $4-6 trillion dollars . . .
Perhaps the word that best defines our distinction is "radical." Radical in the sense of being in total, root-and-branch opposition to the existing political system and to the State itself.
Oct. 15 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said government efforts to calm financial markets and stem the credit crisis probably won't result in an immediate economic rebound.
Microsoft is hoping it can leapfrog the competition yet again, with an operating system dubbed Windows Cloud.
I watched this 11 part series several months ago and I think it presents a very clear picture of the massive problems we face. The taxpayer bailout of insolvent banks is mentioned about 4 minutes and 45 seconds into the video...
Hours after a married congressman addressed a report that he had an affair with a former aide and paid her to keep quiet about it, details of a purported tryst with a second woman surfaced.
The Ron Paul Revolution is alive and well.
Washington and Baghdad have reached a final agreement after months of negotiation on a landmark pact to allow US troops to stay in Iraq until the end of 2011. US troops could be tried in Iraqi court for crimes committed while deployed in Iraq
``The truth of the matter is, they can't put a gun to their head and say you have to lend this money,'' said Charles Horn, a former official at the Office of the Comptroller of the Currency, part of the Treasury Department...
This is already the case in major transport hubs across the west as free speech and anything that goes against the establishment grain is classified as "hateful" and is banned.
No one will throw you out. After a few months, or years, of living payment free, you will get a call from a motivated government agent eager to adjust your loan into something affordable.
Defense lawyers said the decision should force the Pentagon to drop charges of conspiracy and material support for terrorism against Mohammed. The charges are spurious and based on false confessions obtained through torture.
Community banking executives responded with anger to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money. Regulators said banks will be pressed to take the taxpayer dollars anyway.
"The idea that this could happen in Switzerland is unbelievable," said Klaus Stoeckli, 55, a food-products salesman who has withdrawn about $90,000 in investments from UBS, worried that its storied vaults might not be able to protect his mo
