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Today's News - 11/24/2008
Sanders on Stimulus Senator Bernie Sanders says it's critical for Congress to pass a massive stimulus package to help revitalize the economy. "That is money that would be used to rebuild our crumbling infrastructure -- our roads, bridges, water systems, culverts, schools -- and would also, if I have anything to say about it, be spent creating millions of jobs as we break our dependency on foreign oil," he told Vermont Public Radio. President-elect Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total as much as $700 billion over the next two years.
Bailout Fallout Sanders introduced legislation to freeze spending of the second $350 billion of the Wall Street bailout. "People are outraged with the greed and recklessness of Wall Street and the fact that that we have to have the middle class bail out the masters of the universe," CNN's "Lou Dobbs This Week" reported Saturday and Sunday.
Bank Tax Loophole Sanders introduced legislation to rescind controversial Internal Revenue Service guidance intended to lift limits on banks' use of losses following an acquisition. Sanders bill and one by House Ways and Means Committee member Lloyd Doggett were introduced just days after Finance ranking Republican Charles Grassley wrote to Treasury Inspector General Eric Thorson seeking an investigation into the circumstances surrounding the issuance of the notice, the Bureau of National Affairs reported. -- READ MORE
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11/24/2008 |
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POLL - Economic Conditions
