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The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag edging above $900 billion. The 71-26 vote came as President Barack Obama said he lies awake nights worrying about the economy and signaled he'll try to knock out "buy American" provisions in the legislation to avoid a possible trade war. ...more
February 3, 2009
Throughout 2008, Larry Summers, the Harvard economist, built the case for a big but surgical stimulus package. Summers warned that a "poorly provided fiscal stimulus can have worse side effects than the disease that is to be cured." So his proposal had three clear guidelines. ...more
February 1, 2009
Is the president prepared to nationalize the nation's banking system? ...more
January 31, 2009
The New York Times recently reported that "the Obama Administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions" of our day. ...more
January 31, 2009
In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration's plan to revive a badly ailing economy. ...more
January 29, 2009
House approves White House-backed $819 billion economic stimulus bill. ...more
January 28, 2009
Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. ...more
January 25, 2009
President Barack Obama sought to dampen Republicans' complaints about the Democrats' massive economic revival package Friday with an offer to listen carefully to their ideas, too. ...more
January 24, 2009
Florida could get about $4.3 billion in added federal Medicaid funding this year under the $825 billion economic recovery package being crafted by President Barack Obama and congressional leaders, said Democratic U.S. Rep. Kathy Castor of Tampa. ...more
January 23, 2009
Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs. ...more
January 2, 2009
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