The $700 billion financial rescue that the House will vote on today is a significant improvement over the drafts released last Friday, and the Friday before that. According to the Congressional Budget Office, the plan will eventually cost “substantially less” than the oft-quoted amount of $700 billion, and it even …
Here’s a preview of the week ahead in Washington. [youtube]http://www.youtube.com/watch?v=an2ZGW85Ad0[/youtube] Recent troubles with the financial and housing markets have lead to proposed action by Congress to help distressed homeowners and to find a government solution to the Bear Stearns collapse. Massive new billion-dollar handouts to aid homeowners and utilizing sweeping …
The recent failures of Bear Stearns and the Carlyle Group, coupled with turmoil in the housing markets and overall pessimism about the economy, has Congress rushing to microphones to promise a legislative quick fix. Meanwhile, President Bush and the Federal Reserve are being second guessed by liberal economists for not …
The campaign to turn the current economic turmoil into justifications for new invasive federal government intervention in the marketplace is in full swing. The Hill reports, “After Bear Stearns bailout, Dems renew push to help homeowners,” and E.J. Dionne comments: “Never do I want to hear again from my conservative …
