Submit a Story!

Senate poised to test Obama's clout on bailout

 
WASHINGTON (Reuters) - U.S. President-elect Barack Obama has not been sworn in to his new job yet, but on Thursday he faced his first big political test when the Senate decides whether to block his request for the remaining $350 billion of financial bailout money. (link)

Tags:

Related Content
The Elephant in the Room: McCain may be Obama's secret weapon | Philadelphia Inquirer | 01/15/2009
philly.com 1/15/2009 — I have been to New York, Los Angeles, Philadelphia and Washington in recent weeks. In those cities, at least, you cannot watch the news, pass street vendors selling T-shirts, or browse magazine racks at the grocery store and not feel good about our ...
Plenty of Room at the Inn; WaPo Notes 15,000 Vacant Rooms for Obama Inaugural
newsbusters.org 1/15/2009 — Pssst. Eight hundred rooms in Washington, D.C. proper and a total of 15,000 rooms "in Maryland, Virginia, Delaware and the District" remain unbooked for the Obama apotheosis inaugural. Pass it on. "Actually, Hotel Space Remains ...
Obama To Hold Fiscal Responsibility Summit - The Fix
voices.washingtonpost.com 1/15/2009 — WillSeattle - Part of the problem with infrastructure projects is that it will merely create more "public servants". Public service sector benefits consume 57% of local revenues right now, so adding to their number without fundamentally changing ...
Hatch: Joe Biden has "balls"
politico.com 1/15/2009 — Blog: High -- and low -- praise.
Senate approves release of additional $350B for bailout
politicalticker.blogs.cnn.com 1/15/2009 — WASHINGTON (CNN) — The Senate voted Thursday afternoon to release the remaining $350 billion dollars of the Troubled Asset Recovery Program (TARP) bailout fund. The Senate's 52-42 rejection of a resolution of disapproval on the release of the ...
U.S. SEC nominee promises "laser" focus on fraudReuters: Politics 1/15/2009
WASHINGTON (Reuters) - President-elect Barack Obama's pick to head the U.S. Securities and Exchange Commission told lawmakers she would reinvigorate an agency beset by regulatory missteps and blamed for missing one of the biggest investment frauds in ...
Burris sworn in to fill Obama's old Senate seatReuters: Politics 1/15/2009
WASHINGTON (Reuters) - Former Illinois Attorney General Roland Burris, having outmaneuvered top fellow Democrats in a political showdown, was sworn in on Thursday to the U.S. Senate seat vacated by President-elect Barack Obama.
Congress advances emergency economic aid plansReuters: Politics 1/15/2009
WASHINGTON (Reuters) - The Democratic-led U.S. Congress took steps on Thursday to give President-elect Barack Obama the weapons he wants to fight a worsening economic recession by advancing legislation to provide nearly $1.2 trillion in emergency ...
Obama plans economic summit, heads to OhioReuters: Politics 1/16/2009
WASHINGTON (Reuters) - U.S. President-elect Barack Obama will hold a "fiscal responsibility summit" next month with members of Congress and other groups to discuss entitlement programs and the economy, the Washington Post reported on Thursday.  ...
Obama justice pick breaks with Bush on waterboardingReuters: Politics 1/16/2009
WASHINGTON (Reuters) - U.S. President-elect Barack Obama's nominee for attorney general broke with the Bush administration to call waterboarding "torture" and vowed to fight financial crimes at his Senate approval hearing on Thursday.