Democrats Seek Record $1.9 Trillion Boost in Borrowing
Senate Democrats propose raising the debt limit by 1.9 trillion dollars to allow bond issues and prevent a first time U.S. default. The plan, aiming to push the national debt to 14.3 trillion, faces a difficult floor debate amid Massachusetts election momentum and GOP opposition. It would require 60 votes and risks Sen. Evan Bayh's stance, with White House saying the move protects government operations and creditworthiness. A Republican amendment targets TARP funds, insisting they be used to retire debt. The measure follows a prior 290 billion stopgap and reflects spiraling deficits post recession and bailout.
MENTIONED IN THIS ARTICLE
Washington
Senate
Democrats
Scott Brown
Massachusetts
Brown
Sen
Evan Bayh
D-Ind
Wall Street
Congress
Finance Committee
Max Baucus
D-Mont
White House
United States
John Thune
South Dakota
How big is a trillion very large figures explained
Washington AP explains 1.9 trillion in miles feet time and dollars. It compares the distance to 8 million trips to the moon and the height of Mount Everest and the Mariana Trench. It also notes 1.9 trillion equals nearly twice U S spending in Iraq and Afghanistan and could fund Pell grants for 380 million students.
MENTIONED IN THIS ARTICLE
Washington
Moon
Mount
Everest
Mariana Trench
Pacific
America
Iraq
Afghanistan
Earth
Suspected shoplifter flees after purse incident at Roswell store
Police respond to shoplifting at Roswell Do It Center 200 S Main St around 3 30 pm Tuesday. A woman attempted exit with merchandise in her purse, fled after being told to pay, leaving a crack pipe in the bag. Burglary report elsewhere notes a rear window breakin and $400 missing. Vehicle burglaries also reported.
MENTIONED IN THIS ARTICLE
Roswell
Do It Center
S. Main St
East Alameda Street
Vehicle Burglaries Duplicate Reports Across Local Blocks
Police log details two vehicle burglaries in the 1200 blocks of West McGaffey Street and North Lea Avenue. A six shot revolver worth 300 dollars disappeared from a center console, with theft time framed between 2 and 5 p.m. Tuesday for the first case and Monday into Tuesday for the second, possibly via unlocked door. A separate larceny at Valero Store on 1140 South Main Street notes electronics stolen, and propane tanks were damaged at the store’s cage with three tanks reported missing after a late Monday incident.
MENTIONED IN THIS ARTICLE
West McGaffey Street
North Lea Avenue
Valero
S. Main St
Housing slows while FHA lenders tighten rules hit builders
The Commerce Department reports construction of new homes and apartments fell 4 percent in December to 557000 annual rate. Applications for permits rose 11 percent to 653000, the highest since October 2008, as the industry braces for spring sales. FHA to raise fees and standards for borrowers amid funding worries. White House, Labor data show wholesale prices up 0.2 percent in December while energy costs retreat. Investors note IBM and Morgan Stanley earnings and China lending curbs as market twists.
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Federal Housing Administration
Rick Jenkins
R.J. Builders
Terre Haute
Ind
Commerce Department
Thomson Reuters
Northeast
Midwest
David Crowe
The
National
Association of Home Builders
Patrick Newport
IHS Global Insight
Newport
Sal Guatieri
BMO Capital Markets
Guatieri
Chris Brown
Trinity Mortgage Co
Orlando
Fla
FHA
Labor Department
Wall Street
IBM
Morgan Stanley
China
U.S
County Commission to Vote on Franchise, Records System
Chaves County Commission meets today at 9 a.m. in the Administration Center to hear a franchise ordinance for Southwestern Public Service to access county road right of way. They will vote on funding a $300,000 records-management system for the sheriff ahead of a 2008-2009 fiscal year audit by CPA Ronald Miller.
MENTIONED IN THIS ARTICLE
Commission
Chaves County
St. Mary's Place
Southwestern Public Service
Sheriffs Department
CPA
Ronald Miller
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Dems
New Mexico
Barry L. Haight
East Chisum
Liscount
Sherlo
Daybi
Gatanr
N.main
Eli
E Holmes
Legion
Tooth Fairy
Bruce D. Ritter
Ritter & Company, LLC
Bruce
Roadrunner Cash
Roswett
Mary Ann Valdez
Kymera
Enmmc
Las Palomas
Albuquerque
News & Business
Charles Fischer
Cfischer
Roswell-Record.com
Andrew Poertner
R. Cory Beck
Ann Burns
Nathan Corey Nathancorey
N. Main St
N.M
eecneTos
Bo Hwelton
USA
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