May 6th, 2010
09:46 AM ET
5 years ago

Dem vows to fight on in Hawaii special election

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Polling in a three-way Hawaii special election indicates that the two Democrats in the race are splitting their party's vote to the benefit of the Republican candidate. (Photo Credit: Getty Images/File)

(CNN) – Borrowing a phrase from one-time presidential hopeful Hillary Clinton, Hawaii Democratic congressional candidate Colleen Hanabusa says she's "in this race to win it."

Hawaii's state Senate president say she's not dropping out of a contest for former Rep. Neil Abercrombie's seat in Hawaii's 1st congressional district, telling reporters Wednesday that "I'm in the race until the end."

Along with former Rep. Ed Case, Hanabusa is one of two Democrats in the May 22 special election. In a contest for what should be a safe seat for Democrats, recent polls indicate the two Dems are splitting the vote, with the Republican candidate, Honolulu city councilman Charles Djou, in first place in the surveys. The special election is a winner takes all contest, with only a plurality needed for victory.

Hanabusa is in third place, according to the polls. But she disputes the surveys' findings and says they are wrong, according to local reports.
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Filed under: 2010 • Hawaii
May 6th, 2010
08:36 AM ET
5 years ago

Oil spill costs: What will BP really pay?

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A huge device intended to cap part of the seeping oil well left port Wednesday in the Gulf Coast region. (Photo Credit: Getty Images)

New York (CNNMoney.com) - The Gulf oil spill is going to cost billions to clean up, a tab BP has publicly pledged to pay in full.

But thanks to the unpredictable nature of the oil slick and the legal maze surrounding maritime law, what BP will pay and to whom is very much an open question.

Full story on CNNMoney.com


Filed under: Energy
May 6th, 2010
08:25 AM ET
5 years ago

Freddie Mac needs another $10.6 billion

New York (CNNMoney.com) - Freddie Mac on Wednesday requested another $10.6 billion handout from the federal government.

The housing finance company, which reported an $8 billion quarterly loss, was put into conservatorship by the government during the height of the financial panic in September 2008 along with its twin Fannie Mae.

Freddie has already received $50.7 billion from the Treasury Department. Fannie Mae has so far gotten $76.2 billion.

Since the housing collapse began in 2008, Freddie and Fannie have been propping up the mortgage market. The Obama administration, which has used the companies to support its foreclosure prevention efforts, is currently examining the future structure of the firms.

Full story on CNNMoney.com


Filed under: Obama administration
May 6th, 2010
04:23 AM ET
5 years ago

Reid says Republicans 'making love to Wall Street'

Washington (CNN) - Senate Majority Leader Harry Reid lobbed an unusual accusation at his Republicans colleagues Wednesday, saying they are looking for a way to "continue making love to Wall Street."

"Republicans are having difficulty determining how they are going to continue making love to Wall Street," Reid said at a news conference, before adding that "It's obvious that they don't want to put any decent restrictions on what Wall Street has done or are doing."

While Democrats and Republicans have accused each other of being to cozy with Wall Street, Reid's remarks went a step too far for the GOP.

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Filed under: GOP • Harry Reid
May 6th, 2010
04:21 AM ET
5 years ago

POLITICAL HOT TOPICS: Thursday, May 6, 2010

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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: Obama calls for Congress to work now on immigration reform
President Barack Obama said Wednesday he wants Congress to work on comprehensive immigration reform this year because that would be the best way to fix the nation's broken immigration system. Speaking at a Cinco de Mayo celebration at the White House, Obama again criticized the recently enacted Arizona immigration law as the wrong approach.

CNN: Obama was top recipient of BP-related dollars in 2008
As petroleum giant BP comes under congressional scrutiny as its ruptured oil rig pumps thousands of barrels of oil into the Gulf of Mexico, its political contributions are being scrutinized, too. The top recipient of BP-related donations during the 2008 presidential election was Barack Obama, who collected $71,000, according to the nonpartisan Center for Responsive Politics. When questioned about the donations Wednesday, White House Press Secretary Robert Gibbs made a point of noting that the money came from employees and not the company itself.

CNN: Reid says Republicans 'making love to Wall Street'
Senate Majority Leader Harry Reid lobbed an unusual accusation at his Republicans colleagues Wednesday, saying they are looking for a way to "continue making love to Wall Street." While Democrats and Republicans have accused each other of being to cozy with Wall Street, Reid's remarks went a step too far for the GOP.

CNN: Retiring congressman: 'Frankly, I am bone tired'
House Appropriations Committee Chairman David Obey, a senior member of the congressional Democratic leadership, announced Wednesday that he is not seeking re-election this November. Obey, 71, represents Wisconsin's 7th Congressional District. He was the youngest member of Congress when he was elected to his first of 21 terms in 1969. He is the fourth-longest-serving House member, serving behind Democratic Reps. John Dingell and John Conyers, both of Michigan, and Florida Republican Rep. Bill Young.

Seattle Times: U.S. Rep. Norm Dicks eyes chairmanship of House committee
For the second time in three months, an unexpected event has opened up a plum job for U.S. Rep. Norm Dicks. But this time, the Bremerton Democrat may have to vanquish at least one rival to get it. The surprise announcement Wednesday by Rep. David Obey, D-Wis., that he will retire at the end of this term immediately launched a contest for the chairmanship of the powerful House Appropriations Committee. Obey's departure would make Dicks the committee's most senior Democrat.

Politico: Sources: Energy bill next week
In a high-stakes move, Sen. John Kerry (D-Mass.) and Sen. Joe Lieberman (I-Conn.) are planning to forge ahead with or without Sen. Lindsey Graham (R-S.C.) and introduce an energy bill next week, according to sources familiar with the planning. In addition to the uncertainty about Graham’s status on the bill, Kerry and Lieberman are gambling that the dramatic oil spill in the Gulf of Mexico will help, rather than hurt, momentum for the legislation.

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Filed under: Political Hot Topics
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