WASHINGTON - A federal judge yesterday rejected President Bush's contention that senior White House advisers are immune from subpoenas, siding with Congress' power to investigate the executive branch and handing a victory to Democrats probing the dismissal of nine federal prosecutors.
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure:
Q: What exactly will the legislation do?
New York - Rising energy prices are now squeezing consumers from a different direction: their utility bills.
Blacks In America...
A special on CNN. See part 2 tonight! 9 PM
The furor over shock jock Michael Savage’s autism rant intensified yesterday as parents of autistic kids called for his firing and at least one advertiser yanked its ads from his syndicated show.
July 23 (Bloomberg) -- Crude oil fell for a second day in New York after forecasters expect Hurricane Dolly to miss fields in the Gulf of Mexico and the dollar rebounded, curbing investments in commodities.
I would have to agree with the commentary below - Where is the ACLU? Our government is sponsoring calendars featuring mosques with Islamic "scriptures". WTH!?
State Dept. promotes 'Mosques in America'
Publishes '09 calendar featuring worship sites for only 1 religion
Posted: July 18, 2008
12:10 am Eastern
© 2008 WorldNetDaily
WASHINGTON - The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.
Working with businesses that would like to locate along the new and improved U.S. 24 is at the top of the checklist for a new regional port authority in northwest Ohio.
" ST. LOUIS - Debbie Halcomb unpacked boxes as she moved back into her flood-damaged home, but worried that her damp carpet harbors mold. She enjoys the normally tranquil setting of Winfield, a community about three miles from the Mississippi River. But she's had enough. She's hoping for a government buyout so she can move to higher ground.
"If you want to know how Fannie Mae and Freddie Mac have survived scandal and crisis, consider this: Over the past decade, they have spent nearly $200 million on lobbying and campaign contributions.
But the political tentacles of the mortgage giants extend far beyond their checkbooks.
General Motors will try to cut expenses by $15 billion by the end of next year through a combination of job reductions, production slowdowns, terminated retiree benefits and salary freezes, the company said yesterday.
LOS ANGELES - IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.
"In serious consideration for ambassador to Belarus." That's the role John McCain joked that former senator Phil Gramm might have in a McCain administration. Gramm is McCain's most senior economic adviser, the one best qualified to lead the finance team of a McCain presidency. Now, however, Gramm faces political exile because he made the mistake of telling the truth.
America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.
I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.
More mortgage mess, taxpayers on the hook !
Fannie Mae and Freddie Mac, the two biggest providers of financing for US home loans, tumbled to the lowest in 17 years in New York trading after a former Federal Reserve president said the companies may need a government bailout.
Fannie Mae and Freddie Mac tumble on insolvency fears
The Kurdistan Regional Government (KRG) together with Hunt Oil Company of the Kurdistan Region, a subsidiary of Hunt Oil Company of Dallas, Texas, and Impulse Energy Corporation (IEC) announced that they have signed a Production Sharing Contract (PSC) covering petroleum exploration activities in the Dihok area of the Kurdistan Region.
Iraq will not accept any security deal with the US which does not include a date for the pullout of foreign troops, a senior Iraqi official has said.
National Security Adviser Mowaffaq al-Rubaie was speaking in Najaf.
The prospect of setting such a timetable was raised by Iraqi Prime Minister Nouri Maliki on Monday.
WASHINGTON - Former secretaries of state James Baker III and Warren Christopher say the next time the president goes to war, Congress should be required to say whether it agrees. The co-chairmen of a bipartisan study group have proposed legislation that would require the president to consult lawmakers before initiating combat lasting longer than a week, except in cases of emergencies.