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News stories tagged with "bailout"

States wait as Congress weighs the stimulus balance

A day back at the bargaining table for negotiators trying to reconcile the House and Senate versions of the economic stimulus bill. Martha Foley has more.  Go to full article
Sen. Hillary Clinton
Sen. Hillary Clinton

Clinton: bailout success depends on leadership

Senator Hillary Clinton voted for the $700 billion bailout last week to keep the nation's financial crisis from spreading because, she said, all elements of the economy, from Wall Street banks to small-town businesses and farms, are interconnected. But whether and how much the bailout helps Americans depends on what happens next to implement the bailout and make sure Main Street as well as Wall Street benefits. Clinton said she'll be introducing legislation modeled on the New Deal Homeowners Loan Corporation to help people refinance their home mortgages. Speaking with All Before Five host Jonathan Brown yesterday afternoon, she started with a long list of what more needs to be done.  Go to full article

Clinton: Senate may have to vote bailout first

Senator Hillary Rodham Clinton says the U.S. Senate may have to lead the way in passing a $700 billion Wall Street bailout package, now that the House has rejected the measure. Martha Foley has more.  Go to full article
Rep. John McHugh (R-Pierrepont Manor)
Rep. John McHugh (R-Pierrepont Manor)

McHugh: Bailout "ugly" but necessary

Lawmakers on both sides of the aisle reacted angrily and skeptically to the Bush Administration's $700-billion financial bailout plan yesterday. Democratic Senator Chris Dodd, who chairs the Senate Banking Committee that held yesterday's hearing, called the proposal "stunning and unprecedented in its scope and lack of detail." Republican Senator Jim Bunning of Kentucky called it "financial socialism." North Country Congressman John McHugh says he shares those concerns. But he says the bailout is necessary. The Republican told David Sommerstein many of the financial executives don't deserve saving.  Go to full article

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