Help The Middle ClassNews and Information For The Heart Of America
U.S. Commander in Afghanistan Calls For New Strategy – Request For More Troops Expected Shortly
The commander of U.S. and NATO troops in Afghanistan said Monday in an assessment of the war that a new strategy was needed to fight the Taliban, while NATO officials disclosed he is expected to separately request more troops.
Increasing U.S. forces is a hot-button issue that could ignite furious debate in Washington on the U.S. [...]
UPDATE: White House Finally Agrees wtih C.B.O. Figures, Raises Deficit Tally By $2 Trillion
The nation’s fiscal outlook is even bleaker than the government forecast earlier this year because the recession turned out to be deeper than widely expected, the budget offices of the White House and Congress agreed in separate updates on Tuesday.
The Obama administration’s Office of Management and Budget raised its 10-year tally of deficits expected through [...]
IN CASE YOU MISSED IT: White House Hikes Its Deficit Estimate By $2 Trillion
The White House is likely to dramatically increase its projected 10-year budget deficit estimate next week by nearly $2 trillion, senior administration officials said Friday.
Obama administration officials have concluded the economy was much worse last year — and tax revenues much lower — than they had initially assumed, which means that the estimated budget deficit [...]
Senator Ted Kennedy, Icon Of American Politics Passes
Sen. Edward M. Kennedy, the Massachusetts Democrat and icon of American liberal politics who was the last surviving brother of a legendary political family, died late Tuesday at his home in Hyannis Port, Mass., his family announced. He was 77. s
Kennedy had been in declining health since having a seizure in May 2008. Subsequent [...]
New-Home Sales Surge In July With Lower Prices And First Time Buyers Credit
Two reports Wednesday indicated there is new life in the housing market.
The Commerce Department said new home sales surged 9.6% in July from June and the Mortgage Bankers Association said mortgage loan applications increased a seasonally adjusted 7.5% the week ended Aug. 21 from a week earlier, as loan rates edged up.
Home sales rose for [...]
Nearly Half Of American Mortgages Holders Will Be Underwater In 2010
Foreclosure rates in the U.S. remain near record highs. More than 13% of American homeowners with a mortgage are either behind on their payments or in foreclosure. The latest report from the Mortgage Bankers Association, released today, shows the percentage of loans that entered the foreclosure process dipped slightly to 1.36%, down from [...]
WHITE HOUSE POWER GRAB: POTUS Approves New Team to Question Key Terror Suspects
President Obama has approved the creation of an elite team of interrogators to question key terrorism suspects, part of a broader effort to revamp U.S. policy on detention and interrogation, senior administration officials said Sunday.
Obama signed off late last week on the unit, named the High-Value Detainee Interrogation Group, or HIG. Made up of experts [...]
Obama Puts The ‘Brakes’ On Cash For Clunkers
The Obama administration will end the popular $3 billion Cash for Clunkers program on Monday, giving car shoppers a few more days to take advantage of big government incentives.
The Transportation Department said Thursday that the government will wind down the program on Monday at 8 p.m. EDT. Car buyers can receive rebates of $3,500 or [...]
Majority in Post-ABC Poll Say Afghan War Not Worth Fighting – washingtonpost.com
A majority of Americans now see the war in Afghanistan as not worth fighting and just a quarter say more U.S. troops should be sent to the country, according to a new Washington Post-ABC News poll.
Most have confidence in the ability of the United States to meet its primary goals — defeating the Taliban, facilitating [...]
Phys Ed: Does Exercise Reduce Your Cancer Risk?
Finnish researchers recently concluded that, if you wish to ward off lung or gastrointestinal cancer, you might want to spend your leisure time jogging instead of picking berries, mushroom gathering or fishing. In the study, published in late July on the Web site of the British Journal of Sports Medicine, scientists studied the health of [...]
