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...Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit...
...government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...
...pass another one-month extension of benefits - the yearlong extension has been held up as differences are worked out with the House - to tide over the unemployed until lawmakers can pass a more permanent solution. Coburn's objection is the same as Bunning's: that Democrats are not paying for the $10 billion bill. "I think it's unfortunate that potentially we may go home and not deal with it," Coburn said Thursday afternoon in a speech on the Senate floor. "I don't care how we pay for it as long as it's legitimate, as long...
...which totaled trillions of dollars and were mostly unpaid for. "We really believe that unemployment situation is an emergency economic situation," Senator Dick Durbin of Illinois, the No. 2 Senate Democrat, told reporters Thursday evening. "The Republicans do not accept that they want to cut off unemployment benefits or pay for it using stimulus funds which are being used to create jobs. It's a very shortsighted approach...
...perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon concerns over looming shortages of F-16 and F-18 jet fighters. And what's causing those shortages? Gates made it clear that the current planes must be retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able to afford the modernization, is going to have to retire some older aircraft," he said. "That's just a fact of life." Others in the Pentagon call it a self-licking ice cream cone...