Archive for July 13th, 2009

  • Budget deficit tops $1 trillion for first time (AP)

    The US Treasury seal is seen at the Treasury Building in Washington, DC. The Treasury's monthly statement of receipts and outlays shows the US budget deficit reached more than one trillion dollars for the current fiscal year in June as the government stepped up spending to counter recession(AFP/File/Brendan Smialowski)AP – WASHINGTON — The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.

  • High-tech drugs would get 12-yr market protection (AP)

    AP – Senators agreed Monday to give high-tech biologic drugs 12 years of market protection before generic versions can compete.

  • Bush-era distractions may weigh down Obama’s agenda

    As President Obama tries pressing ahead with his domestic agenda focused on health care and energy reform, several potential investigations threaten to steal the focus in Washington.

  • Reviewing Obama: How he’s done so far

    In his first 100 days in office, President Obama has made it very clear that he’s not afraid to tackle the financial and economic mess he inherited.

  • First day sets framework for hearings (Politico)

    Politico – Stoke the flames, but don’t burn down the house.

  • Obama: Don’t bet against us on health care

    President Barack Obama addresses health care during an announcement in the White House Rose Garden Monday.President Barack Obama moved forcefully Monday to revive his faltering health care overhaul, warning “Don’t bet against us. We are going to make this thing happen,” vowing it will be done this year.

  • Rural air travel subsidies gain big budget boost (AP)

    AP – A much-criticized subsidy for rural air travel would get a budget increase of more than 40 percent under a spending bill unveiled in the House on Monday.

  • White House starts urban policy outreach

    President Barack Obama said Monday that federal policy has encouraged urban sprawl, has hurt city residents and damaged the environment.

  • Obama, top Dems to tackle health reform alternatives

    President Obama will huddle with five top congressional Democrats on Monday afternoon to discuss how to pay for the health care reform bills that are stalled in Congress, largely over the issue of which taxes should be raised to cover the $1 trillion price tag, congressional aides told CNN.

  • GOP faces political juggle with Sotomayor

    July 13: Supreme Court nominee Sonia Sotomayor tells senators, “My personal and professional experiences help me listen and understand, with the law always commanding the result in every case." (MSNBC)Republicans are trying to strike just the right balance in criticizing Sonia Sotomayor without alienating Hispanics and women.