What You Need to Know: 01.15.09
Democrats in House Unveil $825 Billion Stimulus Bill
"House Democrats on Thursday unveiled an $825 billion economic recovery package, an expansive combination of spending and tax cuts that aims to put millions of unemployed Americans back to work and begin fulfilling President-elect Barack Obama’s ambitious agenda.
The package, developed by Congressional Democrats in partnership with Mr. Obama, includes huge increases in federal spending on education, aid to states for Medicaid costs, temporary increases in unemployment benefits and a vast array of public works projects to create jobs."
Senate Votes to Release Second Half of TARP Funds
"The Senate voted narrowly today to permit President-elect Barack Obama to spend another $350 billion to stabilize the fragile U.S. financial system.
On a vote of 52 to 42, the Senate defeated a resolution that would have blocked the second half of the money from a $700 billion financial rescue program from flowing to the U.S. Treasury Department."
Waterboarding is torture, Holder tells Senate
"Attorney General-nominee Eric Holder Jr. forcefully broke from the Bush administration's counterterrorism policies Thursday, declaring that waterboarding is torture and pledging to prosecute some Guantanamo Bay detainees in U.S. courts.
It was the latest signal that President-elect Barack Obama will chart a new course in combating terrorism. As recently as last week, Vice President Dick Cheney defended waterboarding, a harsh interrogation tactic that simulates drowning, saying it provided valuable intelligence."
Roland Burris sworn into Senate
"Roland Burris took his place as Barack Obama's successor in the U.S. Senate on Thursday, ending a standoff that embarrassed the president-elect and fellow Democrats who initially resisted the appointment by scandal-scarred Illinois Gov. Rod Blagojevich."
Obama poised to be first 'wired' president
"As the first president-elect with a Facebook page and a YouTube channel, Barack Obama is poised to use the Internet to communicate directly with Americans in a way unknown to previous presidents.
Judging by Obama's savvy use of social-networking sites during his campaign and the interactive nature of his transition team's Web site, Americans can expect a president who bypasses the traditional media's filters while reaching out to citizens for input, observers say."
College Students Paying More for Less
"College students are covering more of what it costs to educate them, even as most colleges are spending less on students, according to a new study.
The study, based on data that colleges and universities report to the federal government, also found that the share of higher education budgets that goes to instruction has declined, while the portion spent on administrative costs has increased."
"House Democrats on Thursday unveiled an $825 billion economic recovery package, an expansive combination of spending and tax cuts that aims to put millions of unemployed Americans back to work and begin fulfilling President-elect Barack Obama’s ambitious agenda.
The package, developed by Congressional Democrats in partnership with Mr. Obama, includes huge increases in federal spending on education, aid to states for Medicaid costs, temporary increases in unemployment benefits and a vast array of public works projects to create jobs."
Senate Votes to Release Second Half of TARP Funds
"The Senate voted narrowly today to permit President-elect Barack Obama to spend another $350 billion to stabilize the fragile U.S. financial system.
On a vote of 52 to 42, the Senate defeated a resolution that would have blocked the second half of the money from a $700 billion financial rescue program from flowing to the U.S. Treasury Department."
Waterboarding is torture, Holder tells Senate
"Attorney General-nominee Eric Holder Jr. forcefully broke from the Bush administration's counterterrorism policies Thursday, declaring that waterboarding is torture and pledging to prosecute some Guantanamo Bay detainees in U.S. courts.
It was the latest signal that President-elect Barack Obama will chart a new course in combating terrorism. As recently as last week, Vice President Dick Cheney defended waterboarding, a harsh interrogation tactic that simulates drowning, saying it provided valuable intelligence."
Roland Burris sworn into Senate
"Roland Burris took his place as Barack Obama's successor in the U.S. Senate on Thursday, ending a standoff that embarrassed the president-elect and fellow Democrats who initially resisted the appointment by scandal-scarred Illinois Gov. Rod Blagojevich."
Obama poised to be first 'wired' president
"As the first president-elect with a Facebook page and a YouTube channel, Barack Obama is poised to use the Internet to communicate directly with Americans in a way unknown to previous presidents.
Judging by Obama's savvy use of social-networking sites during his campaign and the interactive nature of his transition team's Web site, Americans can expect a president who bypasses the traditional media's filters while reaching out to citizens for input, observers say."
College Students Paying More for Less
"College students are covering more of what it costs to educate them, even as most colleges are spending less on students, according to a new study.
The study, based on data that colleges and universities report to the federal government, also found that the share of higher education budgets that goes to instruction has declined, while the portion spent on administrative costs has increased."
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