From Reuters:Freddie Mac (NYSE:FRE - News; NYSE:FRE - News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing....Increases in the value of securities Freddie Mac held over the period helped buoy its net worth, however, erasing its need to tap government funds for a second straight quarter to stay solvent while continuing to... Read Full Story
From NBC Chicago:President Obama didn't wait long after Tuesday's devastating elections to give critics another reason to question his leadership, but this time the subject matter was more grim than a pair of governorships...After news broke out of the shooting at the Fort Hood Army post in Texas, the nation watched in horror as the toll of dead and injured climbed. The White House was notified immediately and by late afternoon, word went out that the president would speak about the incident ... Read Full Story
From the AP: Amid intense lobbying by the Obama administration, House Democratic leaders struggled Friday for the final votes needed to pass sweeping health care legislation, working to ease concerns among Hispanic holdouts and abortion foes..."We're very close" to having enough votes to prevail, said Majority Leader Steny Hoyer of Maryland, although he added a scheduled Saturday vote could slip by a day or two and sought to pin the blame on possible Republican delaying tactics...."Nice try,... Read Full Story
From the Committee On Ways & Means Republicans Ranking Member, Dave Camp:Today, Ranking Member of the House Ways and Means Committee Dave Camp (R-MI) released a letter from the non-partisan Joint Committee on Taxation (JCT) confirming that the failure to comply with the individual mandate to buy health insurance contained in the Pelosi health care bill (H.R. 3962, as amended) could land people in jail. The JCT letter makes clear that Americans who do not maintain “acceptable health insuranc... Read Full Story
From Minority Whip Eric Cantor's Office http://republicanwhip.house.gov/ a Whip count on the Healthcare bill vote totals: Dem Whip CheckNOTE: Despite unemployment at its highest level since 1983, Speaker Pelosi continues to push her Caucus to pass a trillion dollar government takeover that will replace Americans’ health care. As of today, at least 69 Democrats have expressed opposition to the Speaker’s health care bill. As the bill comes to the House floor, how many Democrats will stand up an... Read Full Story
From the Weekly Standard Blog: Pelosi Breaks Pledge to Put Final Health Care Bill Online for 72 Hours Before VoteSpeaker Nancy Pelosi's office tells THE WEEKLY STANDARD that the speaker will not allow the final language of the health care to be posted online for 72 hours before bringing the bill to a vote on the House floor, despite her September 24 statement that she was "absolutely" committed to doing so....House members are still negotiating important issues in the bill--whether it will pr... Read Full Story
From the AP: The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher...Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. Many economists worry that persistently high unemployment could undermine the recovery by restraining consumer spending, which accounts for 70 percent of the economy....The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest... Read Full Story
As promised we continue our Dummies series on running for office (Tuesday was preparing to run - don't forget the personal assessment, Yesterday was running for office and today the 5 easy steps to become POTUS)...apologies for those of you that don't see the humor in the fact that ehow actually has dummy style simplistic answers to running for a public office and that people would actually ask ehow.com in the first place since.... I find this hystericalHow to Get Elected President of the U.S... Read Full Story
From House Republican Lead John Boehner: Health care reform should not be used as an opportunity to use federal funds to pay for elective abortions. Health reform should be an opportunity to protect human life - not end it.Unfortunately, Speaker Pelosi’s 2,032-page government takeover of health care does just that. On line 17, p. 110, section 222 under “Abortions for which Public Funding is Allowed” the Health and Human Services Secretary is given the authority to determine when abortion is ... Read Full Story
