Are we sure the bank baillout was a success?
In the real world, as opposed to what French President Nicolas Sarkozy calls President Barack Obama’s “virtual world,” America faces the reality of Iran’s intransigence and aggressiveness; China’s headlong pursuit of its own national, regional, and global interests; Russia’s determination to regain its Near Abroad; the Arab states’ refusal to accept any kind of a […]
The world turns. In Indonesia, the principal of a Muslim boarding school in Tangerang who is accused of impregnating a 15-year-old student says the DNA test will prove that a malevolent genie is the real father. In New Zealand, a German tourist, Hans Kurt Kubus, has been jailed for attempting to board a plane at […]
WASHINGTON – President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then […]
Climate science is under assault, progress towards a treaty to end global warming is shuddering to a halt, and Barack Obama is struggling to press on with his clean energy agenda.This was the last conversion to the environmental cause that anybody would have wanted.In a new audiotape that surfaced today on the al-Jazeera network, Osama […]
President Barack Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid will be all smiles as the president arrives at the Capitol for his State of the Union speech Wednesday night, but the happy faces can’t hide relationships that are fraying and fraught. The anger is most palpable in the House, where Pelosi […]
WASHINGTON – Democrats retreated Tuesday from a quick push to pass President Barack Obama’s health care overhaul, lacking a workable strategy to salvage the sweeping legislation that has consumed Congress for more than a year.”There is no rush,” Senate Majority Leader Harry Reid, D-Nev., said after a meeting of Senate Democrats. His comments came as […]
Congressional experts pegged the 2010 U.S. budget deficit at $1.35 trillion, a slight improvement from the $1.38 trillion estimate in August, but the overall picture of the government’s finances remains bleak, according to the annual report released Tuesday. The Congressional Budget Office said the government will run an aggregate deficit of almost $6 trillion during […]