Plan to Save Transit Agencies Floated in Congress
Help might be on the way for cash-strapped city transit agencies seeking relief from the lame duck Congress.
As ProPublica and others reported recently, the meltdown of insurance giant AIG could leave more than 30 public transit agencies on the hook for up to $3 billion in payments to banks. The problem stems from the recent failure of longstanding financing deals that gave banks sizeable tax breaks and the agencies much-needed cash up front. AIG guaranteed about 75 percent of these so-called tax shelters – until its credit rating … more…
Reading Between the Extremes of Obama Campaign v. Michigan GOP
Outrage over a news story that reported a seemingly heartless plan by Michigan Republicans to use home-foreclosure lists to challenge the … more…
The Regulators Who Saw Crisis Coming
Long before the financial crisis claimed headlines, U.S. regulators and law enforcement officials had begun sounding alarms about … more…
Feds Probing AIG for Concealing Losses
Yesterday, we noted that the FBI’s (leaked) announcement that it was investigating four of the financial titans at the center of the … more…
Obama and Biden Voted Against Stripping ‘Bridge to Nowhere’ Funds
The funds for the “Bridge to Nowhere” had a tortured passage through the Congress in 2005, long before Gov. Sarah Palin confronted … more…
Palin Defended ‘Bridge to Nowhere’ to ‘Spinmeisters’
Editor's Note: This story was first published earlier today in Politico.
Sarah Palin supported the Bridge to Nowhere long after it had … more…
OSHA: The Incredible Shrinking Fines
What good is a big fine if it's never collected? That's what we asked the Occupational Safety and Health Administration after we looked … more…
‘Bridge to Nowhere’ Timeline
1973: Ketchikan International Airport opens. Some 85,000 visitors and residents fly in and out of the airport annually, a 15-minute … more…
The ‘Bridge to Nowhere’ in Comparison
ProPublica’s Marcus Stern provides a history of Gov. Sarah Palin’s history with the "Bridge to Nowhere" in a story posted this … more…
Bernanke: Gov’t Will Buy Assets Above ‘Fire Sale’ Market Value
As we noted this morning, a big question mark remains on the administration's bailout proposal: how much the government will pay for the … more…
History of U.S. Gov’t Bailouts, Updated
On Friday, we posted a graphic putting the flurry of recent government bailouts in perspective. Since then, of course, the Bush … more…
| Topics in "Government & Politics" | |
|---|---|
| Elections | Lobbying |
| Regulators | |
November 20, 2008
Bailout Gives a Nod to Bicycle Commuting Joel Gay, New Mexico Independent, November 20, 2008
Daschle’s Lobbyist Wife Might Complicate New Post Derek Kravitz, Washington Post, November 20, 2008
Conrad Black Pursues Clemency from Bush Sinclair Stewart and Paul Waldie, Globe and Mail, November 20, 2008
Treasury Probes Bank Payout to Ex-CEO Dan Freed, The Street, November 20, 2008
Figure in Abramoff Probe Pleads Guilty Derek Kravitz, Washington Post, November 20, 2008
Report: U.S. Aid Not Always Apolitical Colum Lynch, Washington Post, November 20, 2008
Hill Dems Seek to Preserve Endangered Species Rules AP, November 20, 2008
After Losses, Pensions Ask for a Change Mary Williams Walsh, New York Times, November 20, 2008
States Lacking in Children’s Mental Health Care Marilyn Elias, USA Today, November 20, 2008
States Cut Services for Elderly, Disabled Philip Shishkin, Wall Street Journal ($), November 20, 2008