Health care debate moves forward with no deal yet
Senate negotiators say the 10 year coverage plan cost has fallen to under 880 billion dollars but no bipartisan agreement exists. Leader Max Baucus plans a formal proposal by midweek to push Obama’s health care priority with or without Republican support.
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Washington
D.C
Senate
Finance Committee
Max Baucus
D-Mont
Barack Obama
Baucus
Republcans
Gall
Taff
Mike Enzi
Wyoming
Chuck Grassley
Iowa
Olympia Snowe
Maine
Sion
Conrad
Exchange
Bailout firms publish rules to curb lavish spending
Major TARP recipients including American International Group Citigroup Bank of America General Motors and Chrysler publish new spending policies. The measures require higher scrutiny of executive perks and travel expenses with specific caps on meals tips and hotel charges to ensure a frugal use of government aid.
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Washington
D.C
Treasury Department
American International Group Inc
Citigroup Inc
Bank of America Corp
General Motors Co
Chrysler LLC
Treasury
California
AIG
Meg O'Reilly
Obama extends Cuba embargo for another year
President Barack Obama announced a one year extension of the U S trade embargo on Cuba under the Trading With the Enemy Act. He kept the policy despite efforts toward warmer ties and said he will not lift the embargo without democratic and economic reforms in Cuba.
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Washington, D.C
Barack Obama
U.S
Cuba
White House
Raul Castro
Fidel
Obama
Feds urge small business prep for H1N1 impact
Federal officials urged small firms to plan for reduced staffing as swine flu spreads. A DHS guide recommends identifying essential operations and enabling remote work for sick employees to limit economic disruption. Janet Napolitano emphasized heightened vulnerability of small businesses and the need for readiness this fall.
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Department of Homeland Security
U.S
Homeland Security
Janet Napolitano
Napolitano
Audit warns gov't may lose gas royalty payments
The Government Accountability Office says the Minerals Management Service lacks tools and staff to verify royalties on natural gas produced on public lands. The program royalty in kind could owe the government about $21 million, potentially more as production volumes and interest aren’t fully checked.
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Washington, D.C
Congressional
Government Accountability Office
Minerals Management Service
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