Stimulus Package Passes in Senate

The stimulus package has passed in the Senate by a narrow 61-37 vote, with only three Republican Senators crossing the aisle: Susan Collins and Olympia Snowe of Maine and Arlen Specter of Pennsylvania. Now it’s on to the House for final negotiations and with hope that the final legislation will be on President … Continue reading

Bank Bailout Redux

Treasury Secretary Timothy Geithner will be unveiling the Obama administration’s new bailout plan this morning. The plan is said to be a “three-pronged rescue program,” that is meant to “ease the credit crunch, including a public-private initiative to take bad assets off of banks’ balance sheets,” and provide “mortgage loan and foreclosure relief … Continue reading

Leahy Calls for Investigation of Bush Admin

Senator Patrick Leahy, Chairman of the Senate Judicary Committee, is calling for a “comprehensive investigation” to be launched into the “conduct of the Bush administration.” Leahy said, “anything less would prevent the country from moving forward.” Speaking at a forum at Georgetown University, the Vermont Democrat suggested the creation of a … Continue reading