July 15th, 2010
02:58 PM ET
12 years ago

Senate passes financial regulatory reform bill

Washington (CNNMoney.com) - The Senate on Thursday afternoon passed the most sweeping set of changes to the financial regulatory system since the 1930s, sending the Wall Street reform bill to President Obama.

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Filed under: CNNMoney.com • Financial Reform
July 15th, 2010
02:45 PM ET
12 years ago

Surprise player in Iowa GOP primary revealed

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/15/iowagop.jpg caption ="This mailer attacking Iowa gubernatorial candidate Terry Brandstad was sent to voters by the Democratic Governors Association–during the republican primary."](CNN) - Beginning in May, a group called Iowans for Responsible Government spent over three quarters of a million dollars on television ads and mailers lumping Republican gubernatorial candidate Terry Branstad in with "liberal" politicians like President Obama, Nancy Pelosi and Bill Clinton.

Branstad at the time was engaged in a GOP primary fight against conservative activist Bob Vander Plaats, a race he won on June 8 by 10 points.

Citing Branstad's record on taxes when he last served as Iowa governor in the eighties and nineties, one mailer from the group blared: "Liberal Terry Branstad would make Bill Clinton, Barack Obama and Nancy Pelosi proud."

One mail piece portrayed Branstad in a lefty version of Mount Rushmore along with Obama, Clinton and Pelosi. Another claimed that Branstad and Obama both favor universal health care and "government mandates."

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Filed under: 2010 • DGA • Iowa • Popular Posts • Terry Branstad
July 15th, 2010
02:15 PM ET
12 years ago

Republicans blast Obama amid Democratic Party tension

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/15/art.orrin.hatch.gi.jpg caption ="Sen. Orrin Hatch spoke out Thursday on Capitol Hill."]Washington (CNN) - Republicans wasted no time Thursday in calling out President Obama and Democrats for their handling of the economy, warning the country should not follow the Democratic Party down the road to ruin.

"It is time this administration and its Capitol Hill ally stop this job-killing agenda," Sen. Orrin Hatch, R-Utah, said at a press conference with other Republican senators.

Obama is simply "out of touch with the American people and out of touch with the economic realities of our country in the summer of 2010," said Sen. John Barasso, R-Wyoming.

Full story


Filed under: 2010 • GOP • Orrin Hatch
July 15th, 2010
02:11 PM ET
12 years ago

Is the U.S. battery business for real?

New York (CNNMoney.com) - President Obama is once again stumping for stimulus at one of his favorite spots: a plant that makes batteries for electric cars.

These plants have been a high profile piece of the controversial stimulus package, and Obama has visited at least four of them since stimulus was enacted. Dozens of projects dedicated to advanced batteries have received over $2 billion in federal funding as part of the administration's $800 billion-plus plan to revive the economy, create jobs, and push the manufacturing sector into the 21st century.

"These are jobs in the industries of the future," Obama said Thursday at the groundbreaking of the Compact Power plant in Holland Mich.

Full story


Filed under: CNNMoney.com • President Obama
July 15th, 2010
01:38 PM ET
12 years ago

How much can Bill Clinton help Democrats?

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/29/art.clintonbill.gi.jpg caption ="How much can Bill Clinton help Democrats? "]Washington (CNN) - Former President Bill Clinton, the man once described as the "comeback kid" during his 1992 presidential bid, has now become something of a go-to guy for Democratic candidates facing a tough election battle.

Economic woes and fears over the rising national debt have weighed heavily on voters - especially independents, who are leaning more toward Republicans than Democrats, according to recent polls.

The Obama administration is now putting together an aggressive schedule to deploy Clinton to campaign appearances and fundraising events in key states around the country, Democratic officials familiar with the plans told CNN.

Analysts told CNN that while Clinton's appearances will be helpful, there are some downsides.

Full Story


Filed under: 2010 • Bill Clinton • Democrats
July 15th, 2010
01:37 PM ET
12 years ago

Activists: Stigma fuels HIV/AIDS rates in African-American community

Washington (CNN) - As President Obama announced the first national HIV/AIDS strategy earlier this week, outside the gates of the White House, 3 percent of the District of Columbia's population continues to live with the disease.






HIV/AIDS rates in the district are "on par with Uganda and some parts of Kenya" where the disease has raged for years, says Shannon Hader, Washington's former HIV/AIDS administration director.

Three percent of Washingtonians live with HIV/AIDS, according to a study released by the district in 2009. The accepted threshold for a "generalized and severe epidemic," according to the study, is 1 percent.

Full story


Filed under: President Obama
July 15th, 2010
01:35 PM ET
12 years ago

Pelosi dismisses reports of tension with White House

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/15/art.pelosi.0714y.gi.jpg caption ="House Speaker Nancy Pelosi said Thursday that the Obama administration has been ‘cooperative’ in the run-up to this November’s midterm elections. "]Washington (CNN) - House Speaker Nancy Pelosi on Thursday downplayed recent reports of a strained relationship between congressional Democrats and the White House, telling reporters the administration has been "cooperative" in the run-up to this November's midterm elections.

"We had a very positive meeting with the president yesterday," Pelosi told reporters on Capitol Hill. "There is absolutely no reason to think that the White House has been anything but cooperative with us" in efforts to maintain a Democratic majority in the House of Representatives.

"I have nothing but praise" for administration efforts, Pelosi said. There is "no better leader or advocate for America's working families" than President Barack Obama.

Pelosi was reportedly angered when White House press secretary Robert Gibbs said Sunday on NBC's "Meet the Press" that "there's no doubt there are enough seats in play that could cause Republicans to gain control" of the House.

Full story


Filed under: Democrats • House • Nancy Pelosi • Obama administration
July 15th, 2010
12:58 PM ET
12 years ago

Schumer pens open letter to Steve Jobs

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/15/art.schumer.0712r.gi.jpg caption =" Sen. Charles Schumer penned an open letter to Apple CEO Steve Jobs on Thursday. "](CNN) - New York Sen. Charles Schumer on Thursday called Apple's suggestions for remedying a widespread issue with the iPhone 4 "insufficient" and urged the company to come clean about a problem that has many iPhone 4 customers up in arms. Schumer made the comments in an open letter written to Apple CEO Steve Jobs.

"I ask that Apple provide iPhone 4 customers with a clearly written explanation of the cause of the reception problem and make a public commitment to remedy it free-of-charge," Schumer writes in the letter, obtained by CNN. "The solutions offered to date by Apple for dealing with the so-called 'death grip' malfunction – such as holding the device differently, or buying a cover for it – seem to be insufficient."

"While I commend Apple's innovative approach to mobile technology and appreciate its service to millions of iPhone users nationwide, I believe it is incumbent upon Apple to address this flaw in a transparent manner," Schumer writes.

The issue, considered by some experts to be a critical design flaw, occurs when users of the phone hold it in such a way that bridges the gap between the two antennas by connecting a small black strip located on the metallic band around the phone. The band acts as a series of antennas for the phone and users have reported mild to complete degradation of their signal when the strip is covered.

Read Schumer's full letter after the jump:
FULL POST


Filed under: Charles Schumer • Popular Posts
July 15th, 2010
12:52 PM ET
12 years ago

Top House Republican calls for repeal of Wall Street bill

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/07/15/art.boehnercu0715.gi.jpg caption="'There are common sense things that you should do to plug the holes in the regulatory system that were there,' House Minority Leader John Boehner said Thursday of the Wall Street bill."]
Washington (CNN) - Hours before expected passage Thursday afternoon of the Wall Street reform bill, the top House Republican called for the legislation to be repealed.

House Minority Leader John Boehner, R-Ohio, told reporters, "I think it ought to be repealed. There are common sense things that you should do to plug the holes in the regulatory system that were there, and to bring more transparency to financial transactions, because transparency is like sunlight. Sunlight is the best disinfectant."

Boehner, who came under fire from Democrats for comparing the bill to "killing an ant with a nuclear weapon," again slammed the bill as going too far.

"I think the financial reform bill is ill conceived, going to make credit harder for the American people to get, clearly harder for businesses to get and the fact that it's going to punish every banker in America for the sins of the few on Wall Street is unwise. On top of that I think it institutionalizes 'too big to fail' and gives far too much authority to federal bureaucrats to bail out virtually any company in America they decide ought to be bailed out."

A representative for House Speaker Nancy Pelosi immediately slammed Boehner's comments.

"This comes as no surprise coming from the Republican House leader who called the financial crisis that caused 8 million Americans to lose their jobs an 'ant,'" Pelosi spokesman Nadeam Elshami said in a statement. "Democrats will stand with the Middle Class and Main Street, while Washington Republicans, who are out of touch, will continue to stand with Wall Street."


Filed under: Financial Reform • John Boehner • Wall Street
July 15th, 2010
12:35 PM ET
12 years ago

Feingold: Financial regulatory bill 'falls short'

Sen. Russ Feingold, D-Wisconsin, issued the following statement Thursday about the financial regulatory bill currently before the Senate:

“At the outset of the debate over the financial regulatory reform bill, I made clear that my test for this bill would be whether it prevents another economic crisis. Unfortunately, this bill falls short. The reckless practices of Wall Street sent our economy reeling, triggered the worst recession since the Great Depression, and left millions of Americans to foot the bill. Despite these cataclysmic events, Washington once again caved to Wall Street on key issues and produced a bill that fails to protect the American people from the pain of another economic disaster. I will not support a bill that fails to adequately protect the people of Wisconsin from the recklessness of Wall Street.”

Filed under: Financial Reform • Russ Feingold • Senate • Wall Street
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