Stimulus Stories

Democrats Have Mixed Opinions on Borrowing Money From China to Pay for Stimulus(CNSNews.com) – House Majority Leader Steny Hoyer (D-Md.) said he is concerned about the fact that much of the money for the $800-billion-plus stimulus bill must be borrowed from foreign sources, including China. But another top Democrat, House Financial Services Committee Chairman Barney Frank (D-Mass.), told CNSNews.com that he doesn’t see “a problem” in the U.S. borrowing money from China for the stimulus.

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Obama woos GOP sens. one at a time
By Alexander Bolton
President Obama is lobbying Republican senators personally on his economic stimulus package, which failed to attract a single GOP vote in the House. READ MORE

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Senate Lacks Votes to Pass Stimulus: Democrats Trying to Trim$900 Billion Plan to Gain GOP Support (By Shailagh Murray and Paul Kane)

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White House Cheat Sheet: Polling the Stimulus

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NYT: Both Parties Move to Aid Homeowners

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AP: Obama economic recovery plan tops $900B, could go higher if homebuyer tax break sweetened

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Obama Pushes Recovery Package to Some Skeptical Senate Democrats
White House (CNSNews.com) – President Barack Obama met with Senate Democrats at the White House Monday, as the near $900-billion economic stimulus package appeared to be less of a sure thing than it was one week ago. Sen. Ben Nelson (D-Neb.) has expressed reservations about spending in the bill as too much pork, and he may not be the only member of his party with those concerns, said Senate Minority Leader Mitch McConnell (R-Ky.).

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Some relief ahead for troubled US mortgagesAs more than 5 million Americans fall behind, banks signal new willingness to reduce principal.
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Which stimulus is better: tax cuts or spending?Some analysts say government spending is more reliable because consumers often pocket tax breaks.
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McCain Circulates Stimulus Petition to Supporters By Tracey Todd
For the first time since November, former Republican presidential candidate Sen. John McCain (Ariz.) sent an e-mail to his list campaign's list of supporters. His message: oppose the stimulus. VIEW NOW

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Congress to Find Out Where $350 Billion in Bailout Money Went, Say Democrats(CNSNews.com) - Since Congress passed the Troubled Asset Relief Program last year, many banks that received cash infusions from the Treasury Department’s first $350 billion installment have declined to tell Congress or the American people exactly how they spent the funds. Democratic leaders in the House now say they are pressing for greater accountability.

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The cheap stimulus option: Stop hyping bad economic newsIs the media reporting the recession - or worsening it?
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