Topic: Troubled Assets Relief Program
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Senate freshmen: What the 14 new members bring to Capitol Hill
A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:
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Europe's debt crisis: 5 ways it's been put to good use
Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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European debt crisis: Seven basics you need to know
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Stock market jitters: Eight reasons investors are on edge
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
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Robert Reich Want to avoid bailouts? Break up the big banks.
It's time to limit the size of banks and break up the biggest ones on Wall Street, Reich writes.
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AIG, saved by US bailout, now considers suing US government
AIG may join a lawsuit alleging that the terms of the US government bailout were unfair to investors, but such a move risks infuriating the taxpayers whose money saved it from ruin.
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Senate freshmen: What the 14 new members bring to Capitol Hill
A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:
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Three (thin) reasons why Congress could yet avoid the fiscal cliff
A deadline, the promise of a House vote on whatever the Senate can produce, and a sharp reaction on Wall Street boost prospects that gridlocked lawmakers will act to avert at least some aspects of the fiscal cliff by Jan. 1.
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General Motors to buy back US-owned stake. US to lose billions?
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
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Cover Story Five reasons America won't fall off the 'fiscal cliff'
The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.
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Where did the mammoth US budget deficits come from?
Let's go back about a decade, when budget surpluses were predicted for the foreseeable future. Somehow, the math went terribly wrong, by trillions of dollars. Here's an accounting of what happened.
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Energy Voices Romney energy plan: pro-drilling, anti-regulation, and mum on climate change
Romney energy plan wants to open federal lands to drill onshore and US waters to drill offshore, but gives short shrift to renewable energy and ignores fuel efficiency, carbon-dioxide emissions, and climate change. Part 1 of a three-part series on the Romney energy plan.
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Paul Ryan's record: huge role in debt debate but few legislative wins
Rep. Paul Ryan's grasp of federal spending has given him an outsized role in defining the GOP position on deficits and debt, but he has a lower profile in driving the bipartisan compromises needed to pass laws.
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Is America becoming a 'socialist state'? 40 percent say yes.
The perception that America is turning more socialist is not just a fringe view, according to a Monitor/TIPP poll. Debate over the size of government could influence November elections.
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Romney's former rivals gloss over earlier anti-Romney remarks
One by one — with the exception of holdout Ron Paul — the GOP also-rans have coughed up endorsements of their onetime rival.
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Tax VOX With European elections, is austerity in the US doomed?
It's easy to look at European elections in France, Greece, Spain, Portugal, Italy, and Denmark and see a massive rejection of fiscal austerity. Is that accurate, and what does it mean for proponents of austerity in the US?
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Orrin Hatch close call in Utah: Tea party rising?
Sen. Orrin Hatch is favored to win reelection, but first he faces a primary election against tea party favorite Dan Liljenquist. Can Hatch avoid the fate of former Utah Sen. Bob Bennett, ousted in 2010 by the tea party?
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Goldman Sachs culture 'toxic'? Letter confirms suspicions about Wall Street.
Polls show that Americans hold a very low opinion of Wall Street, and a damning public letter of resignation from a Goldman Sachs executive could only amplify that perception.
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David Dreier to leave Congress: Is California losing its clout?
Some worry that David Dreier's retirement means reduced clout for California on Capitol Hill. But others say an anti-pork atmosphere in Washington means their concerns are overblown.
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$132.9 billion: Remember TARP? It still owes you.
$132.9 billion short, the 2008 US bailout of the financial system could continue through 2017. Some of the $132.9 billion TARP money will never be recovered.
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The New Economy Eurozone solution: Save banks, not nations
The eurozone needs an enforcer who can tell lawmakers what they don't want to hear: They have to let some eurozone nations fail and make sure eurozone banks don't.
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Europe's debt crisis: 5 ways it's been put to good use
Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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Congress to vote on $1 trillion bill to fund government 9 more months
The House and Senate are set to vote Friday on a huge omnibus bill to fund government for the rest of fiscal 2012. Unemployment insurance and payroll tax cut are still up in the air.
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Three factors that are polarizing the nation
As they have in the past, the nation's prolonged economic problems will realign the major parties, create new coalitions, and yield new solutions
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Bank bailout in US offers roadmap for crisis in Europe
Analysis: The bank bailout of 2008-2009 could be a guide for the euro zone – but will it be a good guide? Remember that the US's bank bailout angered many Americans.
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Newt Gingrich pushes back against critics
Faced with growing criticism about his many years as a Washington insider, Newt Gingrich has launched a new website "Answering the Attacks." But some across the political spectrum continue to raise questions about his professional and personal record.
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As Newt Gingrich rises in polls, can he withstand spotlight's glare?
Newt Gingrich's 'poll vault' to the top of the GOP heap means his character and record are coming under greater scrutiny. 'Everybody will dig up everything they can,' he says. 'That's fine. They should.'
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Solyndra scandal probe widens as White House orders new review
Faced with a growing scandal over the bankrupt Solyndra solar power company, the Obama administration has ordered an independent review of government loans to energy companies. Republican lawmakers say they'll subpoena internal White House communications on Solyndra.
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Iraq war will cost more than World War II
Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far. But ongoing medical treatment, replacement vehicles, etc., will push costs to $4 trillion or more.
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