December 14th, 2009
07:45 AM ET
7 months ago

Senate passes bill to keep government funded

Washington (CNN) – The U.S. Senate on Sunday approved $447 billion in spending for several Cabinet departments and other agencies for the 2010 budget year - money needed to fund the federal government after the coming week.

On a mostly partisan vote of 57-35, the Senate approved the compromise omnibus spending plan worked out with the House, which passed it last week. The measure now goes to President Barack Obama to be signed into law to succeed the previous funding resolution that expires December 18.

The vote occurred in an unusual Sunday session as the Senate worked for the second consecutive weekend in a push by the Democratic leadership to complete work on a sweeping health care bill and also get the appropriations bill passed.

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Filed under: Congress
December 14th, 2009
05:24 AM ET
7 months ago

'It's not all the president's fault,' Suze Orman says

Washington (CNN) – On the eve of a White House meeting where President Obama is expected to encourage the nation’s largest lenders to loosen up credit, personal finance expert Suze Orman says Obama should not get all of the blame for how some banks have behaved in the last year.

“It’s not all the president’s fault,” Orman said Sunday on CNN’s State of the Union.

“You can pass every law that you want. You can try to do anything in the world – give these institutions money - if they don’t help their customers, what are you going to do about it?” Orman told CNN Chief National Correspondent John King.

Related: Obama adviser slams Wall Street

“I think a big part of this problem falls right back to the banks especially those with credit cards,” Orman also told King.

Asked what she would say if she had a seat at Monday’s meeting with the heads of the nation’s largest banks, Orman let loose.

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Filed under: President Obama • State of the Union • TARP
December 14th, 2009
05:17 AM ET
7 months ago

POLITICAL HOT TOPICS: December 14, 2009

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

WASHINGTON/POLITICAL
For the latest political news: www.CNNPolitics.com

CNN: Senate approves government funding bill
The U.S. Senate on Sunday approved $447 billion in spending for several Cabinet departments and other agencies for the 2010 budget year - money needed to fund the federal government after this week.

NPR: Pentagon, CIA Eye New Threat: Climate Change
Global warming is now officially considered a threat to U.S. national security. For the first time, Pentagon planners in 2010 will include climate change among the security threats identified in the Quadrennial Defense Review, the Congress-mandated report that updates Pentagon priorities every four years.

Bloomberg News: Summers Predicts U.S. Hiring Will Start to Grow in Spring 2010
White House chief economic adviser Lawrence Summers said U.S. employers will start to increase payrolls this spring, ending a decline that’s led to the loss of 7.2 million jobs since the recession began two years ago.

Wall Street Journal: Fed Holds the Key to Dollar Strength
The dollar is likely to build on recent gains this week amid optimism the U.S. economy may pick up enough steam to prompt the Federal Reserve to raise interest rates sooner than many expected.

Washington Post: Obama presses bank chiefs to lend more
President Obama, who lashed out Sunday at "fat cat bankers" who "still don't get it," plans to gather the heads of major banks at the White House on Monday to urge them to make more loans and to accept the necessity of greater regulation.

Los Angeles Times: Drone attacks may be expanded in Pakistan
Senior U.S. officials are pushing to expand CIA drone strikes beyond Pakistan's tribal region and into a major city in an attempt to pressure the Pakistani government to pursue Taliban leaders based in Quetta.

Washington Post: Afghan promises to insurgents often empty
His path marked by moonlight, with a Kalashnikov strapped to his back, Feda Mohammed hiked the well-worn trail through the mountains of Pakistan and into Afghanistan. He had traveled the route dozens of times before to attack U.S. soldiers. But this time, Mohammed was on a secret mission to surrender.

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Filed under: Political Hot Topics
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