Word: federales
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When the White House announced last spring that it would allocate billions of stimulus dollars to high-speed-rail projects, states submitted 45 applications for more than $50 billion in aid. In the end, the Federal Railroad Administration decided to distribute $8 billion in funding to 31 states, with the...
The federal trial over gay marriage has rested, and we won't know who won until U.S. District Judge Vaughn Walker calls the lawyers back to hear closing arguments and issues his ruling. That is likely to take several weeks. But it's already clear that the verdict itself will...
If you haven't heard about Race to the Top, shame on the Obama Administration. It was one of the most creative pieces of last year's $787 billion stimulus package. It established a $4.35 billion fund that Education Secretary Arne Duncan could distribute to states on the basis of...
It's also no coincidence that the President made his announcement while standing next to the unlikeliest populist advocate for financial reform, 82-year-old former Federal Reserve chairman Paul Volcker, a previously marginalized Obama adviser who had chastised the Administration for making insufficient efforts to limit the size and...
Allergic to Populism Shortly after Obama unveiled a $117 billion plan to tax the riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while...