News

Gov’t watchdogs: mortgage program is not working

July 21st, 2010  |  Published in News

Bailout watchdogs say Obama mortgage program is failing to help homeowners facing foreclosure
Daniel Wagner, AP Business Writer, On Wednesday July 21, 2010, 11:27 am EDT
WASHINGTON (AP) — Government watchdogs told a Senate panel Wednesday that the Obama administration’s effort to help homeowners avoid foreclosure isn’t working and that the Treasury Department has failed to fix [...]

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US financial system support up $700 bln in past year-watchdog

July 21st, 2010  |  Published in News

 

Wed Jul 21, 2010 12:08am EDT

* Total US govt financial system support seen at $3.7 trln
* US support swells by $700 bln in past year-watchdog
* Mortgage, housing commitments account for most of rise
* TARP watchdog criticizes Obama housing rescue efforts
By David Lawder
WASHINGTON, July 21 (Reuters) – Increased housing commitments swelled U.S. taxpayers’ total support for [...]

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Filibuster broken, jobless benefits may flow soon

July 20th, 2010  |  Published in News

Jul. 20, 2010 6:35 PM ET
 
ANDREW TAYLOR, Associated Press Writer 
WASHINGTON (AP) — Senate Democrats broke through a stubborn Republican filibuster Tuesday and pressed to restart jobless benefits for 2½ million Americans still unable to find work in the frail national economic recovery. The Democrats were victorious by the single vote of a new senator sworn in [...]

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Is Rick Santelli the Father of the Tea Party? ‘If that’s what they put on my tombstone, they can bury me with a smile.’

July 19th, 2010  |  Published in News

By Alissa Krinsky on Jul 19, 2010 07:00 AM

“The markets are the world’s greatest Rubik’s cube,” says CNBC’s Rick Santelli. “And I love solving puzzles.”
In fact, as he provides live updates each weekday from the CME (Chicago Mercantile Exchange) group trading floor, Santelli feels his mission is to put the pieces together, helping viewers figure [...]

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Tea party group expels leader for ‘clearly offensive’ blog post

July 18th, 2010  |  Published in News

Sun Jul 18, 4:05 pm ET

Mark Williams, the tea party leader who wrote a blog post this week calling the National Association for the Advancement of Colored People (NAACP) racist, has been “expelled” from the National Tea Party Federation.
Williams wrote the blog post on Thursday in response to the NAACP’s Tuesday declaration accusing the tea party movement of tolerating [...]

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National Tea Party Federation Rejects NAACP Accusations of Racism

July 14th, 2010  |  Published in News

NEW YORK, July 14 /PRNewswire/
The National Tea Party Federation today flatly rejected the NAACP’s unfounded accusations that condemn “racist elements” in the Tea Party movement.
Tea Party and citizen group leaders from across the nation came together to respond to the outrageous and untrue accusations promoted by the NAACP and their political allies on the Left.
The [...]

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Black tea partiers rebut NAACP

July 14th, 2010  |  Published in News  |  1 Comment

By ANDY BARR | 7/14/10 1:11 PM EDT
 

Some African-American tea party candidates are displeased by a resolution that the NAACP approved on Tuesday calling the grass-roots conservative movement “racist.”
“I have not experienced the charges of racism that the NAACP is touting,” Vernon Parker, an African-American tea party congressional candidate in Arizona, told POLITICO.
Parker, former mayor of [...]

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As NAACP aims to stay in national debate, charge of tea party racism draws fire

July 14th, 2010  |  Published in News

By Krissah Thompson
Washington Post Staff Writer
Wednesday, July 14, 2010; A04

One thing is clear as the NAACP gathers this week for its 101st annual meeting: The civil rights organization is intent on being seen as still relevant.
Even former Alaska governor Sarah Palin sent out a Twitter message about the group Tuesday, helping to make the NAACP [...]

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Republicans propose cutting Obama budget

July 13th, 2010  |  Published in News

By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer – Tue Jul 13, 7:28 pm ET
WASHINGTON – Republicans in the Senate are backing a plan to shave $20 billion from President Barack Obama’s budget for the upcoming fiscal year.
The cuts amount to about a 2 percent trim from the $1.13 trillion requested by Obama for agency budgets [...]

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Obama’s debt commission warns of fiscal ‘cancer’

July 12th, 2010  |  Published in News

By Dan Balz
Washington Post Staff Writer
Monday, July 12, 2010; A02

BOSTON — The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington.
The two leaders — former [...]

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