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More focus on U.S economy in post-election session by congress.

Washington : DC : USA | 11 months ago  
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  • More focus on U.S economy in post-election session by congress.
    More focus on U.S economy in post-election session by congress.
    Posted by: trueidentity
    More focus on U.S economy in post-election session by congress.
More focus on U.S economy in post-election session by congress.

Barack Obama preparing to become the 44th U.S. president on January 20, lawmakers will take another crack at providing fiscal relief to Americans and the U.S. auto industry, and elect leaders for the new Congress set to convene on January 6 with Obama's Democrats in stronger control.

Lawmakers will move to expel Republican Ted Stevens from the Senate if a protracted ballot count shows that Alaska voters returned the 84-year-old senator to Washington after his conviction for corruption last month.

On the economic front, Democrats are working to direct $25 billion in loans to Detroit automakers, who say the action is needed to survive their worst-ever fiscal downturn.

Support, however, is uncertain, especially from Senate Republicans reluctant to legislate yet more money for business rescues. They also are not convinced General Motors Corp, Chrysler LLC and Ford Motor Co are viable with overall industry sales plunging and consumers moving away from American-made gas guzzlers

News Stories
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  • News Source: Fox News | 11 months ago
    Alaska Sen. Ted Stevens acknowledged his defeat Wednesday after narrowly losing his re-election bid to Anchorage Mayor Mark Begich. Stevens, who served seven terms in the Senate,  thanked thousands of Alaskans for their support and wished Begich and...
  • News Source: Los Angeles Times | 11 months ago
    The longtime GOP senator from Alaska loses his seat to Anchorage Mayor Mark Begich, a Democrat. Stevens had sought to hold on to his seat after his felony corruption conviction. PM PST, November 19, 2008 At a news conference in Anchorage this...
  • News Source: The Examiner | 11 months ago
    Alaska Sen. Ted Stevens conceded defeat Wednesday in a re-election bid shadowed by his federal felony conviction, a bitter end to a four-decade career in which he held a commanding place in state politics and on some of the most influential...
  • News Source: Seattle Times | 11 months ago
    They are old bulls both, legendary for fiercely lording over the Senate Appropriations Committee and funneling billions to their home states...He has said he will pare such expenditures to their 1994 levels, billions below today's amounts...Stevens,...
Blogs
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  • Blog Source: politicalpistachio.blogspot.com
    Conservative Principles are about down-sizing the size of the federal government, practicing fiscal responsibility, supporting family values, providing a strong defense, encouraging individual rights and responsibility, keeping taxes ...
  • Blog Source: conservativedynamics.blogspot.com
    GE’s finance businesses are able to seek FDIC debt coverage because its GE Capital subsidiary also owns a federal savings bank and an industrial loan company, both of which already qualify. GE last month started using a new Federal ...
  • Blog Source: www.desertconservative.com
    Passing any legislation to aid the auto companies would require 60 votes in the Senate. Democrats now control 51 of those votes, but Mr. Obama has said he will resign his Senate seat on Sunday, and Vice President-elect Joseph R. ...
  • Blog Source: politics.remedy.org.ua
    The top Republican in the House of Representatives Thursday rejected calls by Democratic body of Congress for a new fiscal bailout of crippled US motor vehicle manufacturing giants. Minority person John Boehner change stated the latest ...
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