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Budget, Budget, Budget
The president heads to the Hill Wednesday to dine with his former colleagues at the Senate Democratic lunch Wednesday afternoon. His visit comes as House, Senate panels begin to take up a revised Obama 2010 budget. Plus: OMB Director Orszag holds morning media call on the budget proposals in Congress Wednesday. [...]
Stocks Up on Durable Goods News
The Dow is up more than 150 points Wednesday, following news that orders for big-ticket items grew 3.4% last month. It's the first durable goods rise in six months. Experts had expected a drop. Plus: The Commerce Department says new home sales also rose last month.
Blago on Air
The ousted Illinois Governor hosts a Chicago radio show Wednesday morning, insisting he was "hijacked" out of office and is innocent of the corruption charges against him. Takes jabs at his successor (says tax hikes are “the worst thing to doâ€) and the legislators who voted him out earlier this year (calls impeachment process “a sham.â€) [...]
POTUS Web Chat
Obama will hold an online town hall-style meeting on the White House's website Thursday.
Geithner: Mortgage Plan Has “Pretty Good†Chance of Success
Speaking in New York Wednesday, the Treasury Secretary says he thinks the administration's effort to reduce foreclosures “has a pretty good chance of gaining traction.†Also promotes the regulatory reforms he'll describe to Congress on Thursday. Read remarks here.
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Swampland
Decoding the Credit Crunch
David Leonhardt of the New York Times continues his excellent work with this look at the car rental business. He concludes that while the credit crunch is real for some firms (especially those, like Avis, that were traded about by investment bankers for huge fees, which saddled them with inordinate debt), the more pressing problem [...]
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