Word: congressed
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...with homes worth less than their mortgages leads a greater and greater number of mortgage holders to send their keys back to their lenders, the first, and most important step the government has taken to reverse the collapse of housing will become a disheartening symbol that the Administration and Congress have not solved a big part of the cause of the recession...
...forces even more to send troops to Pakistan, U.S. intelligence resources and military advisers would drastically increase the effectiveness of the Pakistani army. The recent deployment of 24 U.S. military advisors to Pakistan to train the Pakistani military in counterinsurgency tactics is a good start. Promising proposed legislation in Congress also calls for $7.5 billion in non-military aid to Pakistan over the next five years to spur economic growth and development, with another $7.5 billion over the following five years. As Pakistan’s president, Asif Ali Zardari, puts it himself, “I am thankful...
...President Obama and Congress struggle to pass new energy legislation, we should remember that climate change is more than just an economic issue. It’s one of the most challenging moral and cultural dilemmas of our time. Any discussion of cutting emissions involves considerations about entitlement and responsibility on our no-longer-inexhaustible Earth...
...believe that many of [the banks] will be able to meet their capital needs, without further government capital," Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee on Wednesday. Further, he said, Administration officials "don't think there's a near-term need" for more money from Congress. "That would be terrific!" chirped the committee's Democratic chair, Carolyn Maloney, of New York...
...three months after he rolled out his bank-rescue plan to disastrous reviews, Geithner, with help from Ben Bernanke and others, has bolstered the confidence of the banks, Congress, the stock market and much of the country. In an economy that runs on credit, that's half the battle. (See pictures of the dangers of printing money...