Martin Feldstein of the Washington Post offers commentary on the Stimulus package.
The Current Stimulus Plan: An $800 Billion Mistake
In a letter to sent to Senate Budget Committee Chairman Conrad (D-N.D.), the Congressional Budget Office warned lawmakers that efforts to accelerate spending in the economic stimulus plan may be impractical. The Hill Reports
TheHill.com – CBO: Speeding up stimulus spending may not work.
A judge has sided with Gov. Arnold Schwarzenegger in his bid to save money by forcing state workers to take days off without pay. The state of California is facing mounting financial woes. ABC Reports
Judge Says Schwarzenegger Can Furlough Workers.
New Homeland Secretary Janet Napolitano has a message for criminal Aliens – she wants you off our streets and out of this country. AP Reports
Homeland secretary wants criminal aliens out of US
Sen. Mitch McConnell, R-Ky, warned the Republican National Committee, the party must act now to maintain base and add new loyaltists. AP Reports
Senate GOP leader says party must change.
Commentary from CNN’s Manav Tanneeru on the cause and effect of the economic crisis.
How a ‘perfect storm’ led to the economic crisis.
Rice is the main food staple for half the world’s population. If a crop fails, millions starve. Scientists at UC-Davis have developed a new strain of rice that survives longer. CNN Reports
Fighting hunger with flood-tolerant rice
The President called Wall Street’s ‘08 bonuses “the height of irresponsibility.” Comments were made in the presence of Timothy Geithner, the new Treasury Secretary. AP reports.
Obama calls $18B in Wall St. bonuses shameful .
After a surprisingly partisan vote in the House, but a victory for Obama, the bill moves to the Senate, where he expects to pick up some GOP support. The Wall Street Journal reports
Obama Seeks Senate GOP Help for Recovery Bill
Sales of single-family homes decreased by 14.7% to a seasonally adjusted annual rate of 331,000, the Commerce Department said Thursday. November new-home sales fell 4.4% to an annual rate to 388,000; originally, the government said November sales dropped 2.9% to 407,000. Wall Street Journal Reports
New-Home Sales Tumbled in December