The Washington Independent

Posts Tagged economic collapse

Stimulus Plan in Search of a Plan

By | 02.12.09 | 11:58 am

It’s clear now: When Senate Majority Leader Harry Reid (D-Nev.) took to a podium just before 3 p.m. yesterday to announce a bicameral deal on the $789 billion stimulus package, the details of the legislation were murky at best.

Detroit Can’t Count on a Jump-Start From D.C.

By | 11.14.08 | 10:57 pm

In a blizzard of partisan rhetoric, congressional leaders sparred Friday over whether America’s struggling auto makers should be the next benefactor in the lengthening series of federal bailouts.

Key Democrats have pushed furiously for an additional $25-billion infusion to help the sinking industry. Earlier this year, Congress More…

Bailout Smackdown

By | 10.22.08 | 6:06 am

They came together quickly in February to pass a short-term stimulus bill. They united again this month around a plan to bail out Wall Street. But as Democrats and Republicans begin deliberations over long-term reforms for the financial-services industry, both sides seem to be prepping for what will likely be More…