Bernanke: recession could end in
'09 (AP) -America's recession
"probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke
said Sunday in a rare television interview.
Millions in AIG bonuses draw chorus
of outrage (AP) - AP - Leaders
of the White House economic team and the Senate's top Republican bellowed about bonuses at a bailed-out insurance giant and
pledged to prevent such payments in the future.
News Analysis: Bracing for a Bailout
Backlash - The Obama
administration is worried that populist anger at financial institutions and Wall Street could complicate its agenda.
A.I.G. Lists Firms It Paid With
Taxpayer Money - Among the
biggest recipients were Société Générale, Deutsche Bank and Goldman Sachs, all of which were owed money from credit default
Government Combs Through G.M.’s
Survival Plan - Officials
traveled to Detroit in a last-minute effort to assess whether more government aid could make the company viable, or whether
the better choice was a managed bankruptcy.
Cheney: Hey, Don"t Blame Us For
Mess - Former Vice
President Dick Cheney says it wasn't the Bush-Cheney administration's fault for the nation's economic mess the new administration
is trying to clean up.
Joe Biden's Mother Hospitalized
After Fall - Vice President
Joe Biden's 91-year-old mother has been hospitalized after a fall at her Delaware home.
Obama: Food Safety System A Health
Hazard - President
Barack Obama says the nation's decades-old food safety system is a "hazard to public health" and in need of an overhaul, starting
with the selection of a new head of the federal Food and Dru...
Obama Ditches Bush Term "Enemy Combatant" - The Obama administration
is abandoning one of President George W. Bush's key phrases in the war on terrorism: enemy combatant.
Obama faces Democrat
discord on spending plans - Republicans
are not the only ones in the U.S. Congress squawking about President Barack Obama's record $3.55 trillion budget plan.
Bill Clinton severs ties with Yucaipa:
report - Former President
Bill Clinton has severed his connections to Ronald Burkle's Yucaipa Cos. and will not receive a payment once estimated to
be up to $20 million, the Wall Street Journal reported on Sun...
Obama to announce
steps to aid small businesses - U.S. President
Barack Obama will announce steps on Monday to make it easier for small business owners to borrow money, using $730 million
in stimulus funds to cut lending fees, boost loan guarantees a...
Rep. Frank wants to see if AIG bonuses
recoverable - U.S. Representative
Barney Frank, chairman of the House Financial Services Committee, said on Sunday the government needs to determine if millions
in employee bonuses at American International Group I...
Cheney unhappy Bush did not pardon
former aide Libby - Former Vice
President Dick Cheney said on Sunday he was unhappy with then-President George W. Bush's refusal to pardon Lewis "Scooter"
Libby, Cheney's onetime chief of staff who was convicted in the C...
Obama picks FDA chief, starts food
safety panel - President
Barack Obama on Saturday chose public health and biological threat expert Dr. Margaret Hamburg to run the troubled U.S. Food
and Drug Administration and announced a Cabinet-level food safety...
Getting lost in Amazon? Obama banters
with Lula - Foreign leaders
hoping to have good chemistry with U.S. President Barack Obama may want to take a lesson from Brazil's Luiz Inacio Lula da
Democrats weigh options on healthcare,
energy - Democratic
leaders in the U.S. Congress face big decisions in coming weeks on how to move forward on two priorities for President Barack
Obama -- energy and healthcare reform.
Obama reassures China on bonds - President
Barack Obama on Saturday denied there was any rift among the world's 20 leading economies on how to deal with the global financial
crisis and assured China its U.S. investments were safe.