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Bailout Vote
Congress Teeming with Millionaires
posted: 3 DAYS 1 HOUR AGO
filed under: National News, Political News, Bailout Vote
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AFP/Getty
A review of financial data shows that nearly half of all members of Congress are millionaires. Nationwide, only 1 percent of Americans are that wealthy. In addition, some of the stocks held most widely by lawmakers are those of banking and investment companies that the federal government bailed out in 2008.
Fed, Treasury Chiefs Grilled on AIG
posted: 230 DAYS 9 HOURS AGO
filed under: Political News, Bailout Vote
In a rare joint appearance, Treasury Secretary Timothy Geithner and Fed chairman Ben Bernanke testify before Congress on AIG's bailout and the latest bank rescue plan. Geithner asks for broad new powers to seize control of banks, swallow bad assets and sell good ones to competitors.
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Pablo Martinez Monsivais, AP
Treasury Secretary Timothy Geithner, far left, and Federal Reserve Chairman Ben Bernanke, center, listen while testifying before the House Financial Services Committee.
Obama Was 'Stunned' by AIG Bonuses
posted: 234 DAYS 13 HOURS AGOcomments: 0
filed under: Political News, Bailout Vote, The Obama Presidency
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A Presidency Begins
As President Barack Obama nears the 100-days mark in his presidency, he has a 69 percent approval rating, according to a new Washington Post-ABC News poll. Here, he arrives at Andrews Air Force Base to play golf on Sunday. Click through the gallery to see more moments from the first months of Obama's presidency.
Jason Reed, Reuters
Jason Reed, Reuters
Mayor Wants Apology From Obama
posted: 271 DAYS 12 HOURS AGOcomments: 0
filed under: National News, Political News, Bailout Vote
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AOL
Las Vegas Mayor Oscar Goodman demands an apology from President Barack Obama, faulting him for saying that companies that have received federal bailout funds shouldn't be sending people on corporate junkets to the city. Obama's statement was "outrageous," Goodman asserts. "He owes us a retraction."
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Obama Imposes Pay Cap on Executives
posted: 278 DAYS 2 HOURS AGOcomments: 7075
filed under: Political News, Bailout Vote, The Obama Presidency
In a dramatic move, President Barack Obama institutes a pay cap of $500,000 on some executives whose companies receive taxpayer bailout money. "What gets people upset -- and rightfully so -- are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers," Obama says. Political Machine: Why It's a Good Idea | Why It's a Bad Idea
Also: Obama OKs Kids' Health Insurance Bill | Senate Votes to Up Homebuyers Aid
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Also: Obama OKs Kids' Health Insurance Bill | Senate Votes to Up Homebuyers Aid
Ron Edmonds, AP
President Barack Obama, accompanied by Treasury Secretary Timothy Geithner, holds a news conference at the White House to announce his restrictions on senior executives whose companies get government bailout money.
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