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Tag Archives: Congress

Obama becomes banker-in-chief in credit market freeze

The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...

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Obama, not Congress, will drive nation’s agenda

Some American business executives and Republican politicians, cautiously optimistic or in some cases dismissive about Barack Obama, still have their Washington villains: Nancy Pelosi and Harry Reid. They argue that while Obama may be a moderating influence, a liberal and ...

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Obama says recession requires scaling back promises

President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans. “I want to be realistic here, not everything that we talked about during the campaign are we going ...

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Tax on hope chills next generation of investors

To a lot of investors, 2009 looks like twilight at the bottom of the ski run. Ahead is the icy walk down to the parking lot and the challenge of maneuvering the car out of the resort without crushing someone’s ...

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Obama, Democrats see need for speed from new Congress

A new Congress with strengthened Democratic majorities convenes tomorrow with one overriding goal: speed. House Speaker Nancy Pelosi and other congressional leaders met behind closed doors this week with President-elect Barack Obama to start putting together an economic-recovery package that ...

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Banks’ ‘catatonic fear’ means consumers don’t get relief

As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won’t lend to them. While inter-bank ...

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