Sen. Tom Coburn (R-Okla.)
October 15, 2008, 12:48 PM EDT
October 9, 2008, 7:01 PM EDT
Only one time in American history has the incumbent political party in the White House managed to win an additional term when the presidential election occurred in an economic downturn, data collected by the National Bureau for Economic Research (NBER) shows.
October 8, 2008, 6:24 PM EDT
Sen. Charles Schumer, chairman of the Democratic Senatorial Campaign Committee, suggested that Democrats could win a 60-seat majority in the Senate and defeat current Republican Leader Mitch McConnell in next month's election.
October 7, 2008, 6:25 PM EDT
The $700 billion infusion of U.S. Treasury funds into mortgages and mortgage-backed securities is necessary because the free market is incapable of making such a massive investment, Federal Reserve Chairman Ben Bernanke said.
October 7, 2008, 5:59 AM EDT
"Essentially nothing remains" of the free market today, says economist and author James K. Galbraith.
October 3, 2008, 12:39 AM EDT
The nearly $100 billion in tax cuts and credits that the Senate added to the financial bailout bill may be driving some House Republicans away – but it also may be attracting others.
October 2, 2008, 10:27 AM EDT
On the Spot (CNSNews.com) - On a 74-25 vote Wednesday night, the U.S. Senate passed a version of the Treasury Department’s $700 billion financial rescue plan for the nation’s faltering economy by patching in more than $100 billion in tax breaks for businesses and middle-class Americans. The tax breaks are intended to placate wary House conservatives.
October 2, 2008, 10:11 AM EDT
Sen. Tom Coburn (R-Okla.)
September 30, 2008, 6:43 PM EDT
(CNSNews.com) - Following the defeat of the $700-billion bailout package on Monday, Rep. Jeb Hensarling (R-Texas), chairman of the Republican Study Committee (RSC), introduced a bill that he said relies on the free market rather than the federal government to solve the nation’s financial problems.
September 29, 2008, 10:15 PM EDT
House Financial Services Chairman Barney Frank (D-N.Y.) credited House conservatives for defeating a $700- billion bailout that enjoyed the support of the Bush White House and the bi-partisan leadership of Congress.
September 26, 2008, 7:14 PM EDT
The Bush administration plan for a $700-billion bailout of the financial industry "isn't going anywhere," Sen. Tom Coburn (R-Okla.) told CNSNews.com on Friday.
September 25, 2008, 6:39 PM EDT
September 24, 2008, 5:25 PM EDT
House Majority Leader Steny Hoyer (D-Md.) told CNSNews.com on Wednesday that restoring the ban on new offshore oil drilling leases "will be a top priority for discussion next year" if the Democrats retain control of Congress.
September 23, 2008, 7:17 PM EDT
(CNSNews.com) - House Financial Services Chairman Barney Frank (D-N.Y.) told CNSNews.com on Tuesday that he does not place any responsibility for the current mortgage crisis on former Fannie Mae CEO Franklin Raines, who promoted policies allowing people to get mortgages with smaller down payments and with imperfect credit histories.
September 22, 2008, 11:45 PM EDT
(CNSNews.com) - Progress in the Iraq war cannot be framed in the terms of victory or defeat, Sen. Chuck Hagel told CNSNews.com on Monday when asked if he believes victory in Iraq is possible.
September 19, 2008, 6:44 PM EDT
Senior Republican congressional aides said the Democratic leadership may now allow the ban on new offshore oil drilling leases to expire at the end of this month while planning to renew it early next year if they manage to win the White House and maintain control of Congress.
September 18, 2008, 10:49 PM EDT
Conservative Senate Republicans told CNSNews.com that if the House bill that would permanently ban oil-drilling within 50 miles of the U.S. coast comes to the Senate floor, they will do everything they can to block its passage.
September 17, 2008, 7:32 PM EDT
(CNSNews.com) – On Sept. 30, a congressional ban on offshore drilling expires, and the government can start issuing leases to oil companies to start new drilling. In anticipation of that deadline, House Democrats – with the help of a few Republicans -- passed a bill this week that could reinstate the ban in many areas but also allow some new drilling albeit with many restrictions – those excessive regulations, many Republicans say, would effectively make new drilling impossible.
September 16, 2008, 6:38 PM EDT
(Update: The debate on offshore oil drilling is now moving to the Senate. The House late Tuesday passed a bill that would open waters 50 miles off the Pacific and Atlantic coasts to oil and natural gas development, if the adjacent states agree to go along. The vote was 236-189.) On the Spot (CNSNews.com) – An energy bill introduced by Democrats Monday night to allow limited offshore drilling in U.S. coastal waters will never permit the production of a single drop of oil, Republicans told CNSNews.com on Tuesday.
September 16, 2008, 5:26 AM EDT
A rebirth of nuclear energy would deliver vast economic and environmental benefits to the United States, according to a joint report issued by the liberal Third Way think tank and the conservative Heritage Foundation.