Administration officials are allegedly considering using eminent domain to buy up MBS, with the justification for doing so being invocation of "national security".
"The important lesson is 'God sent a son,'" he said.
With less than two months remaining in office, George W. Bush, witnessing a devastating defeat for the Republican Party, worse favorability ratings than those of Richard Nixon at the height of the Watergate scandal, and the most devastating economic
President-elect Barack Obama's transition team has agreed to work with the Treasury Department as it tries to gain access to the second half of the $700 billion financial rescue package, government sources familiar with the matter said.
WASHINGTON — US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.
If we do not stop this insanity now we will face a catastrophic downward GDP adjustment in the next two to three years that could reach between 30-50% in what some economists call a "sudden stop."
The actual total is over 89,000 because the Pentagon chooses not to count as "Iraq casualties" the more than 20,000 veterans whose injuries-mainly brain trauma from explosions--were diagnosed only after they had left Iraq..**
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
The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.
Yeah, that would put a nice lid on that administration, wouldn't it.
"I'd like to be a president [known] as somebody who liberated 50 million people and helped achieve peace," Bush told his sister, Dorothy Bush Koch, in a conversation recorded for the oral-history organization at the Library of Congress.
District Attorney Juan Guerra spoke regarding his investigation of injustice within the prison systems which led to the indictment of Vice President Dick Cheney and former Attorney General Alberto Gonzales, along with other officials.
First, Gitmo would be a just place to deliver [many] of the lamest decision-makers in America's history who've past or presently mal-served the American people. Legal luminaries (ahemmm...) such as Alberto Gonzales, the Dark Lord, Mr Rove...
Treasury Secretary Henry Paulson, less than a week after indicating he would let the Obama administration decide how to use the second half of the $700 billion financial fund, is considering asking for the money.
People close to the process say that lawyers with political connections increasingly have approached the White House directly to seek relief for their high-profile clients, including former junk-bond king Michael Milken, former congressman Randy
``We have made these kinds of decisions in the past, made one last night, and if need be we're going to make these kinds of decisions to safeguard our financial system in the future,'' Bush said after meeting with Treasury Secretary Henry
The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
Citigroup will, as a fee for the guarantee, provide preferred shares to the Treasury and Federal Deposit Insurance Corp., the regulators said in a statement. The government will also inject $20 billion into the bank from the Treasury’s $700 billion T
Attorneys for the vice president and other defendants leapt to their feet in objection as the prosecutor pounded the table and accused the judge of giving the defendants special treatment. "Now all of a sudden there is urgency!" he shouted.
The Federal Emergency Management Agency said if earthquakes strike in what geologists define as the New Madrid Seismic Zone, they would cause "the highest economic losses due to a natural disaster in the United States."
In a video taken at the G20 summit, Bush walks across a line of world leaders without shaking or being asked to shake any of their hands. [wow!]
Attorney General Michael B. Mukasey collapsed during a speech Thursday night and was taken to the hospital after he failed to regain consciousness. There was no immediate word on his medical status.
Former media baron Conrad Black is seeking a pardon from U.S. President George W. Bush in a last-ditch effort to get out of jail early. Black, a Canadian-born member of Britain's House of Lords, has been in prison since March, when he began servi
A Texas judge has set a Friday arraignment for Vice President Dick Cheney, former U.S. Attorney General Alberto Gonzales and others named in indictments accusing them of responsibility for prisoner abuse in a federal detention center.
"The Bush administration overstepped in its exertion of executive privilege, and may very well try to continue to shield information from the American people after it leaves office," said Senator Sheldon Whitehouse who sits on 2 committees,
“If this upsets you, I wonder how George Bush feels,” Mr. Norris wrote. “I assume that Mr. Cox would view your involvement with ‘Loose Change’ much as I do. After all, he served his country as a Republican congressman from Orange County for nearly 20
Henry Paulson uttered this phrase 16 minutes, and 42 seconds into the 20 minute softball interview by Erin Burnette.
President George W. Bush today will urge leaders of the world's biggest industrial and developing economies not to abandon principles of free-market capitalism as they seek a way out of an international financial crisis, calling it the ``best sys
Just one month into the fiscal year, the federal budget deficit has already reached $232 billion, according to estimates released Friday.