Politics

Extending Unpopular TARP Considered

Sources close to the government said the Obama administration is leaning toward an extension of the $700 billion bailout fund, in part to pay down U.S. debt.


Years of Budget Deficits Predicted for California

California faces annual budget deficits of $20 billion even while assuming state employees would receive no salary increases through 2014-15, according to a forecast issued today by the nonpartisan Legislative Analyst's Office.


Obama Warns of Growing U.S. Debt

U.S. President Barack Obama Wednesday warned growing national debt could undermine public confidence and "could actually lead to a double-dip recession."


$849 Billion Senate Health Bill Cheaper Than House Version

The bill unveiled by Senate Democrats today would cost less than the bill passed by the House in late October, but would guarantee coverage for fewer people. It would also tax the rich.


Obama Targets Financial Fraud

The Obama administration announced Tuesday the formation of an interagency task force aimed at preventing and prosecuting financial crimes. The so-called Financial Fraud Task Force replaces the Corporate Fraud Task Force, which was formed in 2002 in response to financial scandals earlier this decade.


House Dems Hope to Pass Jobs Bill Soon

U.S. House Democratic leaders said Tuesday they hope to pass a jobs bill before lawmakers leave Washington Dec. 18 for their Christmas recess.


Lou Dobbs Gets $8M Goodbye; Will He Challenge Menendez?

Lou Dobbs' abrupt departure from CNN may have been a victory for his detractors, but for Dobbs, the bitter pill was no doubt sweetened by CNN's parting gift of $8 million. And for his detractors -- in particular Hispanic immigration activists -- the sweet victory could soon be dampened. That's because many are speculating that Dobbs may challenge the nation's only Hispanic U.S. Senator, Robert Menendez, a Democrat, for his New Jersey seat.


NCLR, Others Call for More Stimulus Jobs

The NAACP and National Council of La Raza have joined with other organizations in calling on U.S. President Barack Obama to do more to create jobs.


Supreme Court Denies Native American Challenge to 'Redskins' Team Name

The Washington Redskins team name might be considered offensive to some, but the NFL franchise won't be forced to change the name anytime soon.


Obama Meets Hatoyama in Japan

Since taking office in September, Japanese Prime Minister Yukio Hatoyama has said he wants a more equal relationship with Washington. The tough talk wasn't a bluff. Hatoyama immediately called for a reexamination of the bilateral security alliance under which the U.S. stations troops in Japan. He pushed for a renegotiation of the countries' security agreement, put plans to move a U.S. military airfield on hold, and said he would review U.S. plans to reorganize its troops in Japan. But on Nov. 13 the Japanese leader seemed a lot less combative.


Obama Supports One-China Policy

Visiting U.S. President Barack Obama, speaking in Shanghai, said Monday the United States would continue to support a one-China policy, Xinhua reported.


U.S., China Need Not Be Adversaries

President Barack Obama, speaking to students in Shanghai Monday, said despite U.S.-China disagreements, the two are not "predestined" to be adversaries.


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