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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Charles Schumer

Charles Schumer stories: 55 news summaries

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Merrill's $15B Write-Down Nearly Doubles Estimate

Latest loss, driven by mortgage woes, dwarfs original figure

Jan 11, 08 1:10 PM CST
(Newser) - Merrill Lynch will announce $15 billion in losses stemming from mortgage investments, figure twice its earlier forecast, the New York Times reports. The firm is expected to raise $4 billion quickly from outside investors. New CEO John Thain, who has already sold a $5.6 billion stake to a Singapore... More »

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Charles Schumer • Merrill Lynch • Singapore • write down • John Thain • sovereign wealth funds • subprime crisis

Senate Votes
to Aid At-Risk Homeowners

Bill, approved 93-1, would allow feds to back refinanced loans

Dec 14, 07 4:44 PM CST
(Newser) - In an attempt to quell the ongoing housing crisis, the Senate approved a bill today that would allow the Federal Housing Administration to back refinanced loans for the thousands in danger of defaulting on mortgages. The bill, which passed 93-1, also repositions the FHA as an attractive alternative to subprime... More »

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Charles Schumer • Senate • Harry Reid • subprime mortgages • Federal Housing Administration • refinanced mortgages • housing crisis

Bush to Cut Anti-Terror Funding

Proposal to ax port, transit security sparks bipartisan ire

Dec 1, 07 5:45 PM CST
(Newser) - Bush plans to cut counterterror funds in half next year, nixing port and transit security plans altogether, the AP reports. The drop from $3.2 billion to $1.4 billion would slash police, fire, and rescue budgets nationwide—and run counter to Homeland Security Secretary Michael Chertoff's vow of less... More »

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California • terrorism • Charles Schumer • New York • homeland security • counterterrorism • Barbara Boxer • Peter King • George W. Bush

Dems: Hidden Costs Double Price of War

$1.5T price tag on Iraq, Afghanistan tallies to $20,000 per family

Nov 13, 07 12:00 PM CST
(Newser) - The costs of waging war in Iraq and Afghanistan is actually $1.5 trillion, Democrats say in a report out today—far above the $802 billion spent or appropriated by Congress. Citing "hidden costs" such as higher oil prices, veterans' care, and interest on war debt, the report estimates... More »

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Iraq • Afghanistan • Congress • Charles Schumer • congressional Democrats • Iraq veterans • Iraq war • war cost

Senate Confirms Mukasey as AG

Bush nominee overcomes waterboarding flap

Nov 8, 07 10:32 PM CST
(Newser) - The Senate tonight approved retired judge Michael Mukasey to be the next attorney general, AP reports. Mukasey, whose refusal to declare that waterboarding is illegal nearly torpedoed his nomination, will replace Alberto Gonzales. "This is the only chance we have," said Dianne Feinstein before the 53-40 vote, referring... More »

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Alberto Gonzales • Charles Schumer • Senate • Michael Mukasey • waterboarding

Mukasey Would Enforce New Torture Law, Senator Says

Schumer helps AG nomination move ahead

Nov 6, 07 10:15 AM CST
(Newser) - Michael Mukasey has told Chuck Schumer he would enforce a law specifically prohibiting waterboarding and other torture practices, the senator writes in today's Times. The AG nominee's personal assurance and respect for the rule of law earned him the New York Democrat’s support in this morning's 11-8 Judiciary... More »

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Bush administration • Charles Schumer • Attorney General • Senate Judiciary Committee • Michael Mukasey

2 Key Dems Support Mukasey

Schumer, Feinstein will vote to confirm AG nominee

Nov 2, 07 5:05 PM CDT
(Newser) - Despite controversy over Michael Mukasey's cagey responses to questions about waterboarding and torture, Charles Schumer and Dianne Feinstein will vote to confirm the AG nominee, the Democratic senators said this afternoon. Their votes, along with Republican committee members', are expected to tip the scales in Mukasey's favor and send his... More »

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Charles Schumer • Senate Judiciary Committee • Dianne Feinstein • Patrick Leahy • Michael Mukasey

Bush Names Mukasey for AG

Choice of retired federal judge seen as effort to avoid confirmation fight

Sep 17, 07 10:24 AM CDT
(Newser) - President Bush nominated retired federal judge Michael B. Mukasey today as attorney general. Seen as a compromise that would avoid abrasive confirmation struggles but still maintain DoJ’s law-and-order mindset, the choice comes after Democrats vowed to block the more controversial Ted Olson, reports the New York Times. More »

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Bush administration • Alberto Gonzales • Charles Schumer • Senate • Michael Mukasey • George W. Bush

Federal Judge to Replace Gonzales

Compromise candidate will be named
attorney general

Sep 17, 07 2:30 AM CDT
(Newser) - President Bush  is expected to announce the appointment of retired New York federal judge Michael B. Mukasey  as attorney general, reports the Washington Post. Mukasey, 66, is considered an authority on national security issues and is a law-and-order conservative. He is also seen as someone who could be confirmed without... More »

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Alberto Gonzales • Department of Justice • Charles Schumer • Senate • Michael Mukasey • Theodore Olson • George W. Bush

Bush to Congress:
Not So Fast

Prez calls on vacation-bound lawmakers to pass reform of eavesdropping law

Aug 3, 07 3:40 PM CDT
(Newser) - Congress shouldn't go on vacation until it approves reforms to the current laws on government eavesdropping, President Bush said today. Lawmakers are working on a bill that would update the 1978 Foreign Intelligence Surveillance Act so that the US could spy on terror suspects overseas more effectively without impinging on... More »

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Congress • Charles Schumer • Democratic Congress • privacy • legislation • spy • surveillance • terrorist • eavesdrop • George W. Bush

DNI Exposes Broader Spying

Gonzales still under fire for perjury

Aug 1, 07 4:42 PM CDT
(Newser) - The executive branch has had more authority to spy on citizens than yet reported, the Washington Post revealed today. Director of National Intelligence Mike McConnell explained yesterday that the controversial NSA warrantless wiretapping and data mining program was only one element in a broader series of secret surveillance activities issued... More »

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Alberto Gonzales • Charles Schumer • Arlen Specter • NSA • spy • surveillance • wiretap • executive order • Mike McConnell • DNI • data mining • warrantless wiretapping

Schumer Bucks Party on Wall
St. Tax Hikes

Leading Dem torn between monied
base, middle class

Jul 30, 07 3:07 PM CDT
(Newser) - Rejecting populist piety, Chuck Schumer is opposing legislation that would double tax rates for private equity and hedge fund executives, arguing that he’s torn over the measures but contending that they unfairly target an industry critical to his constituency. The New York Times reports the senator, the only Democrat... More »

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Congress • private equity • Charles Schumer • taxes • legislation • hedge fund • Charles Grassley • senator

Dems Threaten to Pull VP Funds

Pols pressure Cheney to comply with rules requiring justification of classified documents

Jun 26, 07 5:13 AM CDT
(Newser) - Angry Democrats are threatening to ax Dick Cheney's budget if the vice president continues to defy regulations on classified documents, the Hill reports. Executive branch agencies are required to provide reports justifying secret documents to an oversight office; Cheney has refused, claiming that his office is neither solely executive nor... More »

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Dick Cheney • Democrats • Charles Schumer • oversight • Rahm Emanuel • vice president

Dems Crank Up Heat on Gonzales

No-confidence vote on the table;
US attorney hit list keeps growing

May 18, 07 7:34 AM CDT
(Newser) - Alberto Gonzales will face a non-binding motion of no confidence in the Senate as soon as next week, intensifying pressure on the AG to resign. The Washington Post reports today that the list of US attorneys his office considered for dismissal—which Gonzales has testified included just eight names—now... More »

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Alberto Gonzales • US attorney • Charles Schumer • Attorney General • Dianne Feinstein • resignation • scandal

Senate Backs Troop Pullout Timetable

Bill ties troop funding to March 2008 withdrawal deadline

Mar 28, 07 7:48 AM CDT
(Newser) - Democrats in the Senate  pulled off a surprise victory yesterday in their bid to force President Bush to bring troops home from Iraq—deflecting a GOP effort to kill the troop withdrawal plan. The Democrats’ proposal sets a March 2008 deadline for ending the conflict and is folded into a... More »

MORE ABOUT:
Iraq • War on Terror • Congress • Democrats • Chuck Hagel • Charles Schumer • war • US troops • troop withdrawal • Iraq war • George W. Bush

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