Washington Hopes ‘Vulture’ Investors Will Buy Bad Assets
The White House wants to entice financiers to take risks on troubled assets, but the investors are wary.
The White House wants to entice financiers to take risks on troubled assets, but the investors are wary.
Federal prosecutors are looking into the possibility that a prominent lobbyist may have funneled bogus campaign contributions to Representative John P. Murtha and other lawmakers.
Scientists, who were thrilled when President Obama vowed on his first day to “restore science to its proper place,” have veered from excitement to dread as the stimulus bill makes its way through Congress.
Congressional leaders said talks were on a fast track to reconcile the House and Senate bills, perhaps by the end of this week.
Much to the dismay of their fellow Republicans, the two senators from Maine have put President Obama on the precipice of winning passage of his economic recovery plan.
The influence of technology leaders in shaping President Obama’s bill is palpable: the stimulus bill contains big provisions for technology projects.
An F.B.I. agent who worked on the investigation of Senator Ted Stevens of Alaska also said that a fellow agent maintained an inappropriate relationship with a witness for the prosecution.
Defense Secretary Robert Gates suggested he was open to letting the media photograph the coffins of fallen soldiers.
The Obama administration plans to realign the United States’ relationship with China by putting more emphasis on climate change, energy and human rights.