Yahoo! News: Elections

Treasury's toxic asset plan could cost $1 trillion (AP) Posted: 22 Mar 2009 02:03 PM PDT AP - The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books.

GOP predicts doomsday if Obama budget passed (AP) Posted: 22 Mar 2009 04:26 PM PDT AP - Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.

Top GOP senator losing confidence in Geithner (AP) Posted: 22 Mar 2009 07:41 AM PDT AP - Shaky ground. That's what Treasury Secretary Timothy Geithner (GYT'-nur) is on these days with Congress and many in the country, according to the Senate Banking Committee's top Republican.

Lots of ham on the menu at annual Gridiron Dinner (AP) Posted: 22 Mar 2009 08:44 AM PDT AP - President Barack Obama didn't have time to join a roast of prominent officials by the journalists who cover them, cracks Vice President Joe Biden, because Obama is getting ready for Easter. "He thinks it's about him," Biden says.

Kroft to Obama: Are you punch-drunk? (Politico) Posted: 22 Mar 2009 03:55 PM PDT Politico - President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, touching off “an even more destructive recession and potentially depression.”

In Afghanistan, US military's `Help Wanted' sign (AP) Posted: 22 Mar 2009 10:36 AM PDT AP - The military buildup in Afghanistan is stoking a surge of private security contractors despite a string of deadly shootings in Iraq in recent years that has called into question the government's ability to manage the guns for hire.

Top Dem senator says return AIG bonus or lose job (AP) Posted: 22 Mar 2009 08:31 AM PDT AP - Return the money or be fired.

Sen. Gregg says Obama budget will bankrupt US (AP) Posted: 22 Mar 2009 06:47 AM PDT AP - The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.

Romer says $100 billion for toxic assets (AP) Posted: 22 Mar 2009 06:26 AM PDT AP - A top adviser to President Barack Obama says the government plans to leverage $100 billion to ease the fallout on the nation's financial system from banks' bad assets.

Romer urges caution on fallout from AIG outrage (AP) Posted: 22 Mar 2009 05:52 AM PDT AP - AIG outrage is genuine, but let's be careful about the fallout.

Daughters 'adapting remarkably,' Obama says (AP) Posted: 22 Mar 2009 04:51 PM PDT AP - Sasha and Malia Obama "are adapting remarkably" to life in the White House, according to their father — who added, "They do seem to be having fun."

Macedonia president vote peaceful, goes to runoff (AFP) Posted: 22 Mar 2009 04:16 PM PDT AFP - Macedonia's presidential election was headed to a runoff Sunday after a peaceful first round vote seen as key to the country's European Union aspirations following deadly violence in 2008 polls.

Obama warns of economic risks, but sees hope (Reuters) Posted: 22 Mar 2009 04:06 PM PDT Reuters - President Barack Obama said on Sunday the U.S. financial system could still implode if a large bank were to fail, and "big problems" could result if the government does not try to lessen the risk.

Obama: U.S. must have "exit strategy" in Afghanistan (Reuters) Posted: 22 Mar 2009 04:05 PM PDT Reuters - President Barack Obama insisted on Sunday that military force alone would not end the war in Afghanistan and suggested a U.S. "exit strategy" could be part of a new comprehensive policy he is expected to unveil soon.

Obama implies rejection of House bonus tax plan (AP) Posted: 22 Mar 2009 04:00 PM PDT AP - President Barack Obama wagered significant political capital Sunday, signaling opposition to a highly popular congressional drive to slap a punitive 90 percent tax on bonuses to big earners at financial institutions already deeply in hock to taxpayers.

60 Minutes transcript (Politico) Posted: 22 Mar 2009 03:59 PM PDT Politico - “PRESIDENT OBAMA” - PART I

Venezuela's Chavez calls Obama "ignoramus" (Reuters) Posted: 22 Mar 2009 12:24 PM PDT Reuters - Venezuela's President Hugo Chavez said on Sunday his U.S. counterpart Barack Obama was at best an "ignoramus" for saying the socialist leader exported terrorism and obstructed progress in Latin America.

NY election seen as referendum on stimulus (AP) Posted: 22 Mar 2009 12:10 PM PDT AP - With polls tight, a Republican state legislator and Democratic venture capitalist battle daily over the economic stimulus package in congressional race that's seen as a referendum on President Barack Obama's policies and a test of GOP strength.

Biden steals the show at Gridiron (Politico) Posted: 22 Mar 2009 09:45 AM PDT Politico - Can Vice President Joe Biden make a ballroom full of savvy insiders laugh at a time of economic turmoil?

Geithner gets vote of confidence on MTP (Politico) Posted: 22 Mar 2009 09:38 AM PDT Politico - Embattled Treasury Secretary Tim Geithner got a vote of confidence on "Meet" from two of Obama's most high-profile non-Democratic supporters.

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