Federal
Reserve Chairman Ben Bernanke got a grilling on Tuesday from
Senator Bernie Sanders during an appearance before the Senate Banking
Committee. Sanders
was angry that Bernanke hasn’t disclosed what banks have borrowed from the
Federal Reserve.
Sen. Bernie
Sanders says Congress should reject Treasury Secretary Henry Paulson’s request
to release the second half of a $700 billion Wall Street bailout fund.
Sen. Sanders says Congress should reject a request by the Treasury Secretary to release the second half of the $700 Billion Wall Street bail out fund, because he says what happened to the first half is shrouded in secrecy; more…
Congressman Peter Welch says he’s likely to support a limited bailout package for the auto industry; Quebec voters returned the Liberal Party to power in provincial elections yesterday; more…
Congressman Peter Welch says he will support a limited
bail out package for the nation’s auto industry, but only if he’s convinced the
plan will save jobs, force the companies to redesign their cars and protect
taxpayers. Vermont officials are following the
issue closely, because there are several thousand good paying jobs in the state
that are tied to the auto industry.
After meeting with president elect Barack Obama today, Governor Jim
Douglas says he’s optimistic the new administration will help the
states with a federal bailout.
Governor Jim Douglas is calling on Congress to draft a bill that includes more money for
Medicaid, unemployment benefits, transportation and water projects.