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October 2008
- FDIC May Need Its Own Bailout
  
  The Big Money | Oct 2, 08 1:49 PM CDT
  
  (Newser) - The Federal Deposit Insurance Corporation has quietly and effectively done its job safeguarding Americans’ money since 1933, but the financial crisis will thrust the agency into the spotlight, reports Big Money, Slate’s financial offshoot. The bailout bill increases the amount the FDIC insures, from $100,000 to $250,000, but it appears the agency doesn’t have the cash to make good on its promises. More »
- Senate Puts Pressure on House to Pass Bailout
  
  Chicago Tribune | Oct 2, 08 9:22 AM CDT
  
  (Newser) - By resoundingly passing its version of the bailout bill, the Senate has ratcheted up the pressure on House leaders to go along with the plan, the Swamp reports. “We’re going to fix the problem this week,” promised Mitch McConnell. The new bill more than doubles the FDIC insurance cap and eliminates the Alternative Minimum Tax, provisions expected to be a hit with House Republicans. More »
- McCain, Obama Bury Hatchet to Back Bailout
  
  Washington Post | Oct 2, 08 7:42 AM CDT
  
  (Newser) - The partisan rancor of earlier this week was put on hold as John McCain and Barack Obama went back to their day jobs to vote in favor of the bailout bill, reports the Washington Post . The senators struck remarkably similar tones on the campaign trail earlier in the day, calling for America to unite at a time of national crisis. More »
- Pelosi's PAC Paid Husband's Firm $99K for Work
  
  Washington Times | Oct 1, 08 3:45 PM CDT
  
  (Newser) - Nancy Pelosi paid her husband’s company $99,000 through her political action committee during the past 9 years, the Washington Times reports. Payments to Paul Pelosi’s Financial Leasing Services are routine fees for accounting and office-space rent payments, but would have been illegal under a bill Pelosi supported last year, which aimed to ban “indirect compensation” through PACs and campaign committees to lawmakers’ spouses. More »
- Surveillance Plan Moves Forward, Despite Concerns
  
  Wall Street Journal | Oct 1, 08 10:42 AM CDT
  
  (Newser) - A Government Accountability Office review raises concerns about plans for domestic satellite surveillance, the Wall Street Journal reports, but Homeland Security will proceed anyway. A bill allows the agency to provide satellite imagery for emergency and scientific purposes, but could be expanded to include surveillance and border control. The department has no way to prevent abuse of the data. More »
September 2008
- Countdown to Failure: How Bill Unraveled
  
  Los Angeles Times | Sep 29, 08 8:01 PM CDT
  
  (Newser) - As members of the House of Representatives cast their ballots on the $700 billion bailout package yesterday morning—the negative votes piling up even as the market plummeted—the Los Angeles Times was blogging. Kicked off by Majority Leader Steny Hoyer's final words to the House—"The alternative is nothing and that is not acceptable"—it took just over a half hour to go down to a defeat that surprised leaders of both parties. More »
- 5 Reasons Pols Dissed the Bailout
  
  Washington Post | Sep 29, 08 6:08 PM CDT

Stories

FDIC May Need Its Own Bailout

Senate Puts Pressure on House to Pass Bailout

McCain, Obama Bury Hatchet to Back Bailout

Pelosi's PAC Paid Husband's Firm $99K for Work

Surveillance Plan Moves Forward, Despite Concerns

Countdown to Failure: How Bill Unraveled

5 Reasons Pols Dissed the Bailout