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Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund. ...more
December 12, 2008
Illinois Gov. Rod Blagojevich could still appoint someone to fill Barack Obama's U.S. Senate seat despite charges that he tried to barter it away for cash or a plum job in what prosecutors call "a political corruption crime spree." ...more
December 10, 2008
Congressional Democrats on Monday sent the White House a draft of a roughly $15 billion auto bailout they aim to bring to a vote this week, but White House officials gave a cool initial response. ...more
December 8, 2008
Facing severe cutbacks in state services as the recession deepens, the nation's governors pressed their case on Capitol Hill on Monday, asking for at least $40 billion to help pay for health care for the poor and disabled. ...more
December 2, 2008
Nineteen months after Senate Majority Leader Harry Reid declared the war in Iraq "lost" and just nine months after Speaker Nancy Pelosi asserted the war has been a "failure" because it had not brought political change leading to reconciliation, it can now be said conclusively that both were wrong. ...more
November 27, 2008
President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars. ...more
November 22, 2008
The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry. ...more
November 21, 2008
Democratic leaders in Congress asked the Bush administration Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs. ...more
November 9, 2008
DETROIT — At Ford Motor Co. they called it "Blue," a team set up around the year 2000 to design an array of small, fuel-efficient cars to compete with the Japanese. ...more
November 8, 2008
Welcome to the new U.S. reverse osmosis economy. Trickle-down economics has been abrogated by trickle-up poverty. America has been conned into buying the proverbial "pig in a poke" and there isn't any lipstick on this one. ...more
November 8, 2008
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