Reuters - The U.S. economy is in a slowdown
but not headed into a recession, President George W. Bush said
on Thursday after new data showed slow fourth-quarter growth
and a bigger-than-expected jump in unemployment claims.
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Reuters - President George W. Bush criticized
Democratic presidential candidates on Thursday for suggesting
the United States could “opt out” of the North American Free
Trade Agreement if Canada and Mexico don’t agree to renegotiate
the pact.
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The Christian Science Monitor - For nearly five years, Senate Republicans had blocked any bid to force a timetable for withdrawal from Iraq. That changed this week.
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AP - Republican presidential hopeful John McCain mocked Barack Obama’s view of al-Qaida in Iraq, and the Democratic contender responded that GOP policies brought the terrorist group there.
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Reuters - U.S. Senate Majority Leader Harry
Reid urged President George W. Bush on Wednesday to reject a
veto threat by his advisers and work with Democrats to pass a
bill to curb rising home foreclosures by changing bankruptcy
law.
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AP - House Democrats, still seeking consensus on how best to ensure the chamber’s integrity and reputation, on Wednesday put off a vote on a proposal to create an independent ethics office that would review complaints of member wrongdoing.
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Reuters - The U.S. House of Representatives on
Wednesday voted to repeal $18 billion in tax breaks for big oil
companies to help pay for developing renewable energy sources.
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AP - The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
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AP - Senate Democrats are considering following up the recently passed economic stimulus bill with $35 billion in additional money for the unemployed, food stamps and heating subsidies for the poor.
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Reuters - Wireless phone carriers have serious
concerns about a proposal in the U.S. House of Representatives
to set nationwide consumer protection rules for wireless
customers, the carriers’ chief lobbyist in Washington said on
Wednesday.
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