Word: administrationitis
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The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners' monthly payments. But as the drive to make more loan modifications permanent kicks off, there's a weightier question to ask: Can the government's $50 billion foreclosure-prevention initiative deal with...
Another factor driving the calls for a second stimulus is that nearly 90% of the original stimulus money targeted for infrastructure projects will have been spent by May, and the Highway Trust Fund could be running a shortfall in June, says House Transportation Committee chairman James Oberstar. "[It] means, unless...
Then he stopped, abruptly. "None of this is easy," he said. "I mean, we are choosing from a menu of options that is less than ideal." Indeed, over the past few months, I've heard members of the Administration make cases for and against each of the decisions the President...
Still, the Iranian government has in the past been able to put aside its anti-Americanism to cooperate with the U.S. on Afghanistan. After the 9/11 attacks, Washington and Tehran worked quietly together: Iran had helped train, arm and finance many of the fighters and commanders of the anti-Taliban...
That's been most apparent in Honduras, where the country's congress this week refused to reinstate democratically elected President Manuel Zelaya, a leftist who was ousted in a June 28 military coup. The Obama Administration condemned Zelaya's overthrow as an affront to Latin America's fledgling democracies. But...