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By sticking with Bernanke, Obama signals continuity
WASHINGTON -- President Barack Obama's reappointment of Federal Reserve Chairman Ben Bernanke Tuesday sent a reassuring message of continuity to financial markets and signaled to foreign lenders that the Obama administration won't tolerate a return to high inflation.
Nations:U.S. People:Ben Bernanke Larry Summers Richard Shelby Charles Grassley Barack Obama Alan Greenspan
2009-08-25
White House appears ready to drop 'public option'
WASHINGTON - Bowing to Republican pressure and an uneasy public, President Barack Obama's administration signaled Sunday it is ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system.
People:Sarah Palin Richard Shelby Kathleen Sebelius Kent Conrad Orrin Hatch Barack Obama Activities:2009 US Health Reform Obama Admin. Source:(AP)
2009-08-16
House set to pass credit bill after Senate OK
WASHINGTON - The credit card companies seem to have few friends on Capitol Hill these days, with even the most business-minded lawmakers siding with consumers in speaking out against steep rate hikes and fees.
Nations:U.S. People:Timothy Geithner Richard Shelby Jon Kyl Tim Johnson Christopher Dodd Harry Reid
2009-05-20
House votes $97 billion war funds, despite doubts
WASHINGTON - Despite Democrats' rising anxiety about Afghanistan, the House on Thursday easily passed a $96.7 billion measure filling President Barack Obama's request for war spending and foreign aid efforts there and in Iraq.
Nations:Afghanistan Pakistan People:Richard Shelby Barack Obama Activities:111th Congress Second Gulf War Source:(AP)
2009-05-15
Livid Democrats demand AIG return bailout bonuses
WASHINGTON - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation. Republicans declared the Democrats were hardly blameless, accusing them of standing by while the bonus deal was cemented and suggesting that Treasury Secretary Timothy Geithner could and should have done more. While the White House expressed confidence in Geithner, it was clearly placing the responsibility for how the matter was handled on his shoulders.
Nations:U.S. People:Timothy Geithner Rahm Emanuel Richard Shelby Harry Reid Barack Obama Charles Schumer Activities:2008 AIG Crisis Source:(AP)
2009-03-17
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