Nancy Pelosi

Paulson Takes a Pounding on Capitol Hill

Congress set to question Paulson, Bernanke over $700 billion financial industry bailout By JEANNINE AVERSA AP Economics Writer WASHINGTON November 18, 2008 (AP) Federal Reserve Chairman Ben Bernanke, second from left, and...

Carmakers and union fight uphill battle for rescue

As leaders of the three U.S. auto companies and the United Automobile Workers union make their case in Washington for a bailout, they are facing stiff headwinds of public opinion. Thus far, much of the commentary in Washington,...

Lobby firms catch blue wave

Marty Paone, chairman of Timmons and Co., stands in front of a chart with different paths legistlation can take through Congress to the White House autographed by 51 senators. As the K Street partisan shuffle continues with...

US Dollar: Leaving the Mess for Obama

IS THE DOLLAR RALLY OVER? Since the summer, the US dollar has staged a remarkable rally, but with manufacturing data surprising to the upside and the US dollar giving back its gains today, everyone is wondering whether the...

As GM goes, so goes the GOP

Understandably, Republicans are seething. When Treasury Secretary Hank Paulson demanded $700 billion to haul away the trash in the Dumpsters of JPMorgan Chase and Goldman Sachs - assuring us we could hold a garage sale of the...

Lawmaker says GOP used race to take seat

ASSOCIATED PRESS • November 18, 2008 State Rep. Nathan Vaughn says campaign literature mailed by Tennessee Republicans was meant to inflame racial hatred and contributed to his re-election defeat. Vaughn, a Kingsport Democrat...

Democrats Dingell and Waxman in Even-Money Showdown for House Oversight Post

The intraparty "Clash of the Titans" between veteran Rep. John Dingell (D-Mich.), chairman of the House Energy and Commerce Committee, and his challenger for that position, Rep. Henry Waxman (D-Calif.), is taking on the...

Top salesmen for financial bailout face grilling

The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue.

Cash-strapped states want piece of the rescue, too

Led by California with a $28 billion hole in its budget, 41 states - including Idaho - are in financial trouble, and some of their leaders are looking to Congress to bail them out. Idaho has been hit hard. Sales-tax revenue,...

Shun the ‘Stimulus’

Tuesday, November 18, 2008 By Ed Feulner According to an old joke, anyone who’s driven in Manhattan knows how long a nanosecond is: It’s the time between when the traffic light in front of you changes from red to green and the...

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