August 14th, 2009
09:07 AM ET
9 years ago

How Obama's transparency promise holds up

NEW YORK ( - The Obama administration pledged unprecedented transparency in its accounting of the $700 billion bank and auto bailouts (TARP) and the $787.2 billion Recovery Act. A lot of information has been made public but there are some key details where the transparency falls far short.

Here's what we still don't know:
1. How are banks using TARP funds?
2. Who are bailed out banks lending to?
3. What is the value of the assets that Treasury has accumulated as a result of TARP?
4. Where are stimulus funds ultimately going?

They're important questions: We want the government to ensure it is spending our money wisely, and experts want to know why the Obama administration won't provide the answers.

Full Story

Filed under: President Obama
August 14th, 2009
08:48 AM ET
9 years ago

King: Economic pain throbs on Lakota reservation

Herbert Hale lives on a check of a little less than $17 a week and whatever he can pick up from odd jobs.

Herbert Hale lives on a check of a little less than $17 a week and whatever he can pick up from odd jobs.

CHERRY CREEK, South Dakota (CNN) - The tiny one-room house rests on a hill; no electricity and no running water. A creaky metal cot and a rusting wood-burning stove is all the comfort Herbert Hale says he needs.

"All it is is logs, glue - dirt and water put together - then cement and the chicken string," Hale says of his home. "Long as the windows don't break, it's nice and warm in here."

The roof leaks a bit, and the floorboards are rotted in one corner, but Hale isn't one to complain.

"It's home," he says, almost under his breath, as he invites a visitor to have a look.

Firewood is stacked in one corner inside, and more outside as Hale uses the summer months to stockpile for prairie winters, where 20 below zero is not all that uncommon.

He also pulls bunches of long weeds in the prairie grass, to dry for use as a firestarter.

"I have to be careful," Hale says matter-of-factly as he pulls a few fistfuls. "Sometimes there are some snakes. Rattlesnakes. Nothing to mess around with."

Full story

Filed under: State of the Union
August 14th, 2009
04:54 AM ET
9 years ago



The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world.

For the latest political news:

CNN: Tough questions, frustrations continue in town halls
Town hall meetings continued Thursday with more members of Congress facing an onslaught of tough questions about health care reform plans.

CNN: A $12 million health care campaign hits the airwaves
A new $12 million targeted television campaign was launched Thursday that is designed to provide "cover and support and credit" to members of Congress who back President Obama's approach to health care reform, a member of the coalition behind the ad tells CNN.

CNN: Coburn: Controlling health care costs may fall to patients
Sen. Tom Coburn, R-Oklahoma, at a town hall meeting Thursday in Muskogee, said he predicts much of the responsibility in controlling health care costs will fall upon patients.

CNN: Sanford defends use of state airplane in op-ed
No one is ever going to accuse embattled South Carolina Gov. Mark Sanford of backing down.

First on the Ticker: GOP support for Sanford impeachment grows
A South Carolina Democrat told CNN on Thursday that Republican legislators have assured him there are enough votes to start a bipartisan push for impeachment against Gov. Mark Sanford when the legislative session begins in January.

CNN: Axelrod blasts out his own 'viral e-mail'
David Axelrod, a senior adviser to President Obama, is aiming to debunk online "myths" about the president's health care plan with a viral e-mail of his own.

CNN: Health-reform e-mails flooding House's Web site, techs say
A huge spike in the number of people wanting to e-mail their members of Congress about health-care reform has overloaded a key feature on the House of Representatives home page, the House technical office said Thursday.


Filed under: Political Hot Topics
newer posts »