Geithner Defends Budget, Warns on Deficits

March 3, 2009

WASHINGTON — U.S. Treasury Secretary Timothy Geithner said Tuesday it is imperative for the government to reduce over time the debt that is piling up as a result of the government’s response to recession and financial market turmoil.

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S&P Cuts Gannett Rating to Junk Status

March 3, 2009

A week after Moody’s Investors Service lowered its credit ratings on Gannett Co. Inc., Standard & Poor’s has done the same, citing the continued decline in advertising revenue. Standard & Poor’s has lowered its corporate credit ratings on Gannett, which owns the Honolulu Advertiser, to from BBB- to BB, below investment grade, and has cut […]

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Arrest Warrant Issued in Chandra Levy Killing

March 3, 2009

WASHINGTON (AP) — An arrest warrant has been issued for an imprisoned Salvadoran immigrant in the 2001 slaying of federal intern Chandra Levy.

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Isikoff: Bush Admin Weighed Restricting 1st Amendment

March 3, 2009

In the aftermath of the 9/11 attacks, the Justice Department secretly gave the green light for the U.S. military to attack apartment buildings and office complexes inside the United States, deploy high-tech surveillance against U.S. citizens and potentially suspend First Amendment freedom-of-the-press rights in order to combat the terror threat, according to a memo released […]

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The Obama Economy

March 3, 2009

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message […]

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Tens of Thousands of New Bureaucrats Required by Obama's Budget Plans

March 3, 2009

President Obama’s budget is so ambitious, with vast new spending on health care, energy independence, education and services for veterans, that experts say he probably will need to hire tens of thousands of new federal government workers to realize his goals.

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"Do Over": Coleman Camp Asks for New Election

March 3, 2009

For more than a month, Norm Coleman stressed flaws in Minnesota’s election system. And on Monday, Coleman lawyer Jim Langdon wrote the three-judge panel to suggest the problems are so serious they may not be able to declare a winner.

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Blago's Book to Name Names, Embarass Pols, Other Cliches

March 3, 2009

An Illinois Democratic politician impeached after being charged in a federal criminal complaint for an alleged political crime spree writing a book about “the dark side of politics”? For a six-figure sum of money? Whoever heard of anything so ridiculous?

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Insult? WH Cancels Brown's Rose Garden Presser

March 3, 2009

Gordon Brown’s attempts to portray himself as a global leader in a time of crisis have been dealt a blow by White House planners. Downing Street officials discovered last night that the Prime Minister would not, as had been announced, hold a joint press conference with President Obama after their talks at the White House […]

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Bank of America CEO: Taking $20B Was "Mistake"

March 3, 2009

Bank of America’s request for $20bn of government money to prop up its acquisition of Merrill Lynch was a “tactical mistake” that made the bank appear as weak as Citigroup, Ken Lewis, BofA’s chief executive told the Financial Times on Monday.

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