Today Treasury Secretary Tim Geithner will announce how the second half of the $700 billion Congress approved to bailout troubled banks will be spent. The Bush Administration's implementation of the so-called “Troubled Asset Relief Program,” or TARP, got plenty of criticism. Will Obama and his crew do better? Lizzie O'Leary, Washington-based reporter for Bloomberg News, and Tom McCool, Director of the Center for Economics at the Government Accountability Office, join Todd and Katherine to look at how TARP may be different the second time around.
"What they want to do is essentially provide a government guarantee against loss, but an incentive for private investors to do well on the upside if these assets turn around and start performing." — Bloomberg reporter Lizzie O'Leary on the use of TARP funds
Senator Ben Nelson (D-Neb) has a long history of reaching across party lines to reach consensus on pressing issues in the Senate. His ability to bring together Republicans and Democrats to compromise on key policy has been instrumental to passing important legislation in the past. In the face of the partisan bickering over the stimulus, and the President's statement that he wants a bipartisan solution to the economic crisis, Senator Nelson finds himself in the center of the debate.
All eyes were on a California woman who gave birth to octuplets earlier this year. The birth of eight children was a modern medical miracle orchestrated by an enormous team of doctors and nurses, and it is a procedure that would not have been possible in many other countries. To explain why our health care system makes successful multiple births more likely we are joined by Dr. Samantha Butts, an OB/Gyn at the University of Pennsylvania Health System and assistant professor at the University of Pennsylvania.
When it came to light that Alex Rodriguez tested positive for steroids in 2003, baseball fans were shocked. His teammates and fellow players were shocked too, but for different reasons. The Baseball Player's Association, the union for ballplayers, held on to the results of voluntary drug tests submitted by the players. If they hadn't, for better or worse, the world would not have known about A-Rod's steroid use. For more we turn to Anthony Reiber of Newsday who joins us from the New York Yankees training camp in Tampa, Florida.
Bill Richardson, Tom Daschle, Nancy Kilefer, Tim Geithner, and now Hilda Solis. What do all these names have in common? They were all named to top jobs in President Obama's administration. And all of them stumbled (or fell) due to questions that arose during the confirmation process. Does President Obama have a vetting problem? To answer that question we are joined by Kenneth Gross, a vetting expert who worked with President Bill Clinton.
The United States is far from the only nation to develop a plan to get its economy back on track. In fact, at least 33 other countries have done the same. Justin Fox, business and economics columnist for Time Magazine, joins Katherine and Todd to look at how some other nations are approaching this thorny problem and what we might be able to learn from them.
It's Monday morning and we're gazing ahead to the week in Washington. Might we see new evidence that bipartisanship is possible? Where is President Obama headed? And what's going on with the TARP? Helping us gaze into the future is Stephanie Mehta, the assistant managing editor at Fortune Magazine.
The AP has an interesting report on the multi-billion dollar Troubled Assets Relief Program also known as TARP.
Our partners, the BBC, just released the results of an opinion poll of residents of Afghanistan. The poll finds that that the majority of Afghans still strongly oppose the return of the Taliban, but are increasingly disillusioned and uncertain about the future of their country. For more on these results, we turn to Ian Parnell of the BBC, who joins us from Kabul, Afghanistan.
President Obama is pushing Congress to finalize his stimulus bill —a plan that would provide federal dollars for projects across the country. At the same time, hundreds of buildings commissioned by another U.S. President in the middle of an economic crisis are being torn down. Buildings commissioned by Franklin Delano Roosevelt's Works Progress Administration are being demolished. Tracie Rozhon, freelance reporter for The New York Times joins us for a look at a group that has started a new national movement to save the buildings that lay at the center of the New Deal.
They’re calling it the modern day equivalent of the electrical grid, or the interstate highway system. Seven billion dollars of the stimulus plan making its way through Congress right now is devoted to bringing broadband internet to under-served parts of the country. But technology experts worry that the multi-billion dollar tech plan will suffer if we don’t have more time to look at exactly what technology we’re getting. One of these experts is The Takeaway's technology contributor Siva Vaidhyanathan, a professor at the University of Virginia, who joins us now to talk about these concerns.
The economic stimulus bill faces its key test vote in the Senate today. If the vote goes according to the Democrats' plan, the bill will be finalized tomorrow. But, the vote in and of itself is not a stimulus plan and the road to passage has been bitterly partisan. Here with a road map for the negotiations ahead are David Herszenhorn of the New York Times and Jay Newton-Small, Washington Correspondent for Time Magazine.
It was a rough week for President Obama. He lost the candidates he had nominated for two important jobs in his administration and didn't achieve the bipartisan consensus he wanted on the stimulus bill. Takeaway Correspondent Andrea Bernstein and Todd Zwillich, Reporter for Capitol News Connection, join Adaora and John to take a look back at the second full week of the Obama presidency.
A day after President Obama announced he would stand by his man, Tom Daschle, the nominee to head the Health and Human Services Department, has withdrawn his name for consideration. His abrupt decision left everyone from reporters to the Obama administration scrambling. In the end, President Obama made the media rounds last night taking full responsibility for the situation. For more we turn to Todd Zwillich of Capitol News Connection in Washington, D.C.
Amendments to the Obama economic stimulus plan will be offered in the Senate starting today. But, first there is more drama regarding President Obama's cabinet picks. Tom Daschle's confirmation as Secretary of Health and Human Services hit a road bump when it turned out that a driver from a friend is technically income and as we all know you have to pay taxes on income. How is this playing out on Capitol Hill? We’re asking Capitol News Connection’s Todd Zwillich.
For more of The Takeaway's coverage of President Obama's cabinet selections, click here!
A busy day is ahead on Capitol Hill as President Obama pleads his case for the stimulus package to Senate and House Republicans. Vice President Joe Biden will also be on the Hill for the swearing in of New York’s newest senator, Kirsten Gillibrand. Capitol News Connection’s Todd Zwillich tells us what we should expect from the President and Vice-President's tag-team.
Things are not slowing down at all this week on Capitol Hill. Among other big events, Tim Geithner is likely to be approved as Treasury Secretary, the new Senator from New York will be sworn in, and the Senate Appropriations Committee will debate the stimulus bill. Todd Zwillich of Capitol News Connection joins Katherine and Adaora with a preview.
"It's a lot easier to have a new tone and be bipartisan when you have 58 Democratic Senators and not 51." — Todd Zwillich from Capitol News Connection on the likelihood of cooperation in the new Democratic majority in the Senate
For more on the vacant U.S. Senate seat, WNYC's Brian Lehrer joins us in the studio for his take on Caroline Kennedy's withdrawal and what it means for New York and for Ms. Kennedy. Was it political blow-back that made her change her name? Or was it the possibility that she flubbed her job interview? Todd Zwillich, from Capitol News Connection, contributes his thoughts on the replacement process from Washington, D.C.
"I don't think it was because her Uncle Ted is sick, I think if anything that would have been an inspiration for her to try to get the seat to follow in the family tradition." — WNYC's Brian Lehrer on Caroline Kennedy's decision to withdraw her name for consideration for the vacant New York senate seat
Yesterday marked President Barack Obama’s first full day in office and he certainly had a full docket. Two wars, an economic recession, government ethics, White House pay freezes. He even took the oath of office. Again. All in a day's work for the 44th President. For more we return to Capitol News Connection's Todd Zwillich.
President Obama’s cabinet is almost confirmed. Despite a last minute delay, even Hillary Rodham Clinton was able to be confirmed as the new Secretary of State. The latest roadblock? Obama's pick for Attorney General, Eric Holder, had his confirmation postponed, which may not bode well for a cordial working relationship between the President and the Congress. With more on the confirmations and the comings and going on Capitol Hill we turn to Todd Zwillich reporter for Capitol News Connection.
The crowds at the Inauguration as viewed from space. Shot courtesy of NASA.
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