AIG hearing heating up…

The CEO of AIG has not testified yet, but considering the way the hearing is heading, the chances of AIG getting another bailout any time soon are becoming clear…
“We’ve got a whole bunch of people lined up that want another bailout.  Forget it, as far as I’m concerned, forget it.  We’ve gotten so little cooperation [...]

Stem Cell Event Spotlight: Susan Axelrod

Most Americans know David Axelrod is President Obama’s right-hand man, but few know that his wife, Susan (at left with daughter Lauren), founded and is now the president of CURE, a non-profit organization focused on finding a cure for epilepsy.  The Axelrods’ adult daughter, Lauren, was diagnosed with epilepsy at seven-months old and suffered permanent [...]

A.I.G.: Ain’t Gettin’ Better

Janes, today we followed the Senate Banking Committee hearing on what happened to A.I.G. and what we’re all supposed to do to save it, and the global economy, from itself.  In the words of Sen. Chris Dodd, the discussion was “very troubling.” 
We posted a few Tweets live during the proceedings, but here’s what was said:

AIG [...]

Do the Bush years need a “Truth Commission”?

Senator Patrick Leahy (D-VT) thinks so.  To that end, the senator, who is the chairman of the Senate Judiciary Committee, is holding a hearing on Capitol Hill this morning to discuss “Getting to the Truth Through a Nonpartisan Commission of Inquiry.”  In plain English, Leahy wants to create an independent commission to investigate the Bush [...]

Taking A Look at the New Budget

This morning the White House released the Obama administration’s ambitious new budget blueprint for fiscal year 2010, which aims to halve the deep federal deficit by the end of Obama’s first term. The entire budget is 146 pages long, so since we know you’re busy women, we’ll give you the Cliffs Notes version. Unless you [...]

Modification, Modification, Modification

If your neighborhood looks less like Wisteria Lane and more like Under Water World, you are just the homeowner President Obama will be talking to later today when he unveils his plan to tow the underwater real estate market back to dry land.
Will it work?  Who knows.  But here’s what it is, and what [...]

A jolt for your economy?

Your 401k is exhausted and your checking account is dragging a little, too.  Will the much-ballyhooed stimulus stimulate anything in your world?  The answer is maybe, depending on who you are.
This bill will help you directly if you are:

Receiving a paycheck- you’ll see a $400 tax credit.
Not receiving a paycheck- unemployment benefits are increased and [...]

Desparately Seeking Susan

After two months of talk, up to $920 billion of proposed spending and tax cuts, one bi-partisan White House cocktail party and three weeks of heavy duty back-and-forth, the fate of the entire stimulus package seems to be coming down to one woman:  Sen. Susan Collins, a Republican  of Maine.
Collins, a former Capitol Hill staffer [...]