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Category Archives: National News
G.M. Post 30 billion Dollar Loss
General Motors posted a $30.8 billion dollar loss for 2008, burning through over $6 billion in cash. The company will meet today with Obama Administration officials as it continues to struggle to restructure itself to try to return to profitability. … Continue reading
The Jindal Response
The Republicans frame their response carefully, praising the President generally while slamming him specifically. Jindal is one of the rising stars of the GOP, and frequently mentioned as a possible candidate for President. Jindal found himself under attack from Congressional … Continue reading
Citi Teeters
Citi Group is looking for the U.S. Government to restructure its capital infusion of $45 billion dollars into the Bank. Citi has opened talks to convert that capital, which granted the government preferred shares, into common stock. The move would … Continue reading
Obama Looks to Cut Deficit in Half
President Barack Obama has set the ambittous goal of reducing the federal deficit by half in four years. He will file a budget this coming week that seeks to begin that process, and is hosting a “fiscal responsibility” summit this … Continue reading
President Obama’s Weekly Address
President Obama gives his weekly “radio” address, talking about the stimulus package, as well as his plan to stem the rising foreclosure tide. He mentions the fiscal summit he is convening, and talks about submitting a budget next week that … Continue reading
Does Cheney Have Bush Hate Syndrome?
News reports apparently leaked out of the camp of Vice President Dick Cheney have the former VP quite miffed that George W. Bush refused to grant a pardon to his former Chief of Staff Scooter Libby. From the New York … Continue reading
Posted in National News
Tagged Dick Cheney, George W. Bush, Scooter Libby, Scooter Libby pardon
5 Comments
Looks Like Sebelius at HHS
It appears that Kansas Governor Kathleen Sebelius will be chosen to be the Secretary of HHS, replacing Tom Daschle as the President’s nominee. The leak about the selection is of course subject to additional vetting by the Presidents staff. I … Continue reading
G.M. and Chrysler Ask for More Help
Both G.M. and Chrysler tonight filed plans required of them by the federal government pursuant to the loans they took back in December. In terms of the financial requests being made G.M. is seeking an additional $16.6 billion in federal … Continue reading
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