January 10th, 2010
01:33 PM ET
4 years ago

GOP chair changes tune, says party will take back Congress

Washington (CNN) - Days after saying his party will not take back control of Congress this year, Republican Party Chairman Michael Steele reversed course Sunday.

"Oh, we will," Steele told "Fox News Sunday," adding, "We're well on our way."

Steele's remark last week that the party cannot take back the House of Representatives in 2010 added to turmoil within the party surrounding his embattled leadership.
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Filed under: 2010 • Congress • GOP
January 10th, 2010
12:12 PM ET
4 years ago

Romer: Prospect of big banker bonuses 'offends me'


Washington (CNN) – One of President Obama’s top economic advisers took aim Sunday at the large bonuses Wall Street bankers are expected to receive soon.

“We will see in the next week or two, five-, six-digit, seven-digit, maybe even, some say, eight-digit bonuses for people in the banking industry,” CNN Chief National Correspondent John King said Sunday on CNN’s State of the Union. “Is there a message from the Obama White House to the banks as they prepare to make these big [bonus] announcements?”

“For Heaven’s sakes people,” Christina Romer, Chair of Obama’s Council of Economic Advisers, said in response, after pausing and appearing at a loss for words. “It does seem really ridiculous. We have had to take extraordinary actions to rescue the financial system. We always did it because that’s what had to be done for the American people. No one wanted to bail out the banks just for the banks’ sake. It’s because we know that credit is the lifeblood of a modern economy.”

“You would certainly think that the financial institutions that are now doing a little better would have some sense. This big bonus season - of course it offends the American people. It offends me,” Romer also told King.

Romer was circumspect when asked about the nation’s economy which continues to struggle more than a year after the financial crisis of late 2008 threatened another depression.
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Filed under: Christina Romer • Economy • State of the Union
January 10th, 2010
11:59 AM ET
4 years ago

State of the Union: Breakfast in Wyoming

Want more? Get a real feel for the state of the union with John King's 50 American Dispatch reports from across the nation.


Filed under: Economy • President Obama • State of the Union • Wyoming
January 10th, 2010
10:33 AM ET
4 years ago

McCain, Lieberman want accountability for intelligence failures

Washington (CNN) – Just days after President Obama took personal responsibility for the intelligence failures that allowed a 23-year-old Nigerian to board a U.S. bound airliner, allegedly with explosive material hidden under his clothes, two prominent senators suggested Obama has not done enough to impose accountability within his administration.

Announcing the preliminary results of his administration’s review of the failures leading up to the foiled December 25 attack, Obama said Thursday: "I will hold my staff, our agencies and the people in them accountable when they fail to perform their responsibilities at the highest levels." But, the president declared, "ultimately, the buck stops with me."

On CNN’s State of the Union Sunday, Sens. John McCain, R-Arizona, and Joe Lieberman, I-Connecticut, both said that was not enough.

“I think some people have to be held accountable for the mistakes – for the human errors – that the president acknowledged that were made that enabled that Nigerian terrorist to get on that plane to Detroit and we’ve got to change some things in the system,” Lieberman told King.

The suspect, Umar Farouk AbdulMutallab, has pleaded not guilty to charges that he tried to blow up the Detroit-bound plane.

Asked specifically who should be held accountable, Lieberman suggested the State Department for its failure to determine that AbdulMutallab had a visa to enter the United States and to pull that visa once AbdulMutallab’s father raised concerns about his son.

“Secondly, at the National Counter-Terrorism Center, something went wrong,” the Connecticut senator also said Sunday. “That’s the place we created after 9/11. It’s served us very well but it did not in this case. So, if human errors were made, I think some of the humans that made those errors have to be disciplined so that [the errors] never happen again.”

Lieberman’s comments were echoed by Obama’s former rival for the Oval Office Sen. John McCain.
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January 10th, 2010
09:59 AM ET
4 years ago

State of the Union: Wyoming's economy of fun

Want more? Get a real feel for the state of the union with John King's 50 American Dispatch reports from across the nation.


Filed under: Economy • State of the Union • Wyoming
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