Paulson warns housing crisis threatens economy
Treasury Secretary Henry Paulson told lawmakers the unfolding housing crisis poses a significant risk to the economy and urged Congress and mortgage firms to act urgently. He pressed for refinancing relief for homeowners and a broad overhaul of mortgage laws to curb abusive practices amid potential 2 million foreclosures.
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Lawmakers condemn federal inaction in Jena case
Democratic lawmakers blasted federal authorities for not intervening in the Jena Six case as nooses reappear in incidents nationwide. House Judiciary Committee heard from federal officials and activists about Mychal Bell and the local prosecutor, with calls for intervention and questions about federal power.
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Senate Dems hail Mukasey on eve of hearings
Senate Democrats praised Attorney General nominee Michael Mukasey and predicted swift confirmation. They stressed the need for him to resist White House pressure and to review eavesdropping and interrogation practices, while pledging to seek assurances he will uphold the rule of law and maintain independence.
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Hutchison Won’t Seek Senate Re Election Then Weighs Governor Bid
Texas Republican Kay Bailey Hutchison said she will not seek re election to the Senate after her current term. She stated she may pursue other options including a run for Texas governor and reiterated she does not intend to serve a fourth term.
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Kay Bailey Hutchison
Texas
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