If Paulson were to request the next installment, he likely would do so next week, the paper said on its website. And if market conditions deteriorate further, he would do so despite disagreements with lawmakers about how to use the funds.
Imperiled automakers and their union worked feverishly Wednesday to sell a skeptical Congress on a $34 billion aid plan, promising labor concessions and restructuring.
Few members clash publicly with Pelosi. Reps. John Dingell (D-Mich.) and Jane Harman (D-Calif.), who were at odds with Pelosi over the last few years, were stripped of their top committee posts.
United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.
Still popular in Florida, former Gov. Jeb Bush said Wednesday that he's interested in the seat Sen. Mel Martinez is giving up, and the field of possible candidates could quickly narrow to make way for the president's younger brother.
Food stamps, the main U.S. antihunger program which helps the needy buy food, set a record in September as more than 31.5 million Americans used the program -- up 17 percent from a year ago, according to government data.
The Harvard endowment, the biggest of any university, stood at $36.9 billion as of June 30, meaning the loss amounts to about $8 billion. That's more than the entire endowments of all but six colleges
A Russian warship will sail through the Panama Canal this week for the first time since World War II, the navy announced Wednesday, pushing ahead with a symbolic projection of Moscow's power in a traditional U.S. zone of influence.
There are many, many reasons why no true Christian church should become a "501c3 tax-exempt religious organization." If the average pastor, deacon board, or professing Christian knew these reasons, those who love Jesus (opposed to those who
Texas prison administrators said they were more than doubling their budget request to keep illegal cell phones and other contraband out of state prisons and wanted $30 million of it immediately to combat the problem now.
Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade...
We may be on the cusp of much more dramatic adjustments in this sector than anything seen so far. The wrenching changes that might be immediately ahead could mark the beginning of a frightening new phase in the economic downturn.
I am going to name it the 5-year hybrid ARM, 30-year term, 8-year graduated payment, 176% combined loan-to-value, mega-balloon (document below). And you thought Pay Option ARMs were exotic!
New Hampshire announced plans for "new rigorous state board of exams to be given to 10th graders. Students who pass will be prepared to move on to the state's community or technical colleges, skipping the last two years of high school,"
President-elect Barack Obama named New Mexico Gov. Bill Richardson as commerce secretary on Wednesday, filling a top economic post in troubled times and placing a second former campaign rival in his new Cabinet.
In California, it’s the will of the dead people apparently. One of the California electors appears to be deceased. Other irregularities were admitted by the California Democratic Party.
Free-market economist Peter Schiff debates lamestream media propaganda pundits about the coming recession or worse in 2006. Particularly humorous moments include watching pundits recommend buying financial stocks like Merrill Lynch, Bear Stearns, an
There is no escaping this reality whether the government (or private parties) like it or not. These are mathematical facts and not subject to political whim; Paulson and Bernanke, both of whom are highly intelligent, understand this, the American pe
Dec. 3 (Bloomberg) -- General Motors Corp. and Chrysler LLC told Congress they need $11 billion in government loans just to survive the year. Democrats pledged to keep them out of bankruptcy without saying how.
He has a lot to take care of in the next few days, and his trial starts in February. We are going to give him some personal space right now even though we'd all like to see him and hear his story. He says he'll be at the Breakfast Club Satu
A number of lawsuits have been filed over the birth certificate and citizenship of Barack Obama. Are the courts the right place to determine the answer? If not the courts, who, what or where? We asked What’s Your Evidence to get some some evidence on
The end of President Bush's final term is quickly approaching. Less than two months remain until he will hand over his White House keys to Barack Obama, but we cannot let him leave office without resolving one very important issue: he must comm
Americans treasure our right to life, liberty and the pursuit
of happiness avowed in our Declaration of Independence and
guaranteed by our U.S. Constitution. “Rights” declared by the
United Nations, however, are not the same.