Racing to reverse the country’s economic spiral, President Barack Obama signed the mammoth stimulus package into law Tuesday and readied a new $50 billion foreclosure rescue for legions of Americans who are in danger of losing their homes.
There was no recovery yet for beleaguered automakers, who were back in Washington for more bailout billions.
General Motors [...]
An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate on Monday over strong Republican opposition, and Democratic leaders vowed to deliver the emergency legislation for President Barack Obama’s signature within a few days.
The vote was 61-36, one more than the 60 needed to move the measure toward Senate [...]
President Barack Obama, urgently pressuring lawmakers to approve a massive economic recovery bill, turned his first news conference Monday night into a determined defense of his emergency plan and an offensive against Republicans who try to “play the usual political games.”
He said the recession has left the nation so weak that only the federal government [...]
President Barack Obama told Republicans in a closed-door meeting that he would be open to additional tax cuts in his economic stimulus package, one participant said Tuesday on the eve of a House vote on the $825 billion measure.
Rep. Jack Kingston, R-Ga., said Obama would not back off his own proposal for a $500-per-person payroll [...]
Barack Obama’s Democratic allies on Capitol Hill are trying to use the president-elect’s economic recovery bill to extend a tax cut for middle-to upper-income taxpayers despite concerns from his transition team that it won’t boost the economy.
Rep. Charles Rangel, D-N.Y., Congress’ top tax writer, says both House and Senate members feel strongly about using Obama’s [...]
“We have failed, haven’t we?” our colleague from Gaza said over the phone, amid the sound of explosions.
For those of us engaged in “people to people” peace building, the latest violent chapter in the Israeli-Palestinian conflict is both tragic and surreal.
All around us, people remain convinced that the solution to the conflict depends on military [...]
