From NPR News in Washington, I'm Jack Speer. With President Obama rejecting General Motors and Chrysler's restructuring so far, Michigan lawmakers wonder how much more auto industry stakeholders can be asked to sacrifice. From member Station WDET, S...
NPR News has learned that the Obama Administration asked the Chairman and CEO of General Motors Rick Wagoner to step down and he has agreed to do so. The move comes as the president says GM and Chrysler need to rethink the reorganization plans they...
The levees and protective sandbag barriers in Fargo, North Dakota have so far worked in holding back the waters of the Red River, which is some 20 feet above flood stage. The National Weather Service says the river seems to have crested at 41 feet,...
President Obama announced a comprehensive strategy today for Afghanistan and Pakistan. During an address at the White House, the president said he will increase the number of US troops and civilians as well as funding. NPR's Jackie Northam has more....
From NPR news in Washington. I'm Jack Speer. A key Senate committee has sighed off on President Obama's budget blueprint setting the stage for debate on the 3.6 trillion dollars spending package some time next week. Approval by the Senate Budget Com...
From NPR News in Washington, I'm Jack Speer. As Secretary of State Hillary Clinton is beginning a two-day visit to Mexico where officials are welcoming a new Obama administration plan to combat drug trafficking across the border, she's been talking...
Treasury Secretary Timothy Geithner says the administration will be asking for new financial tools to prevent future problems with companies like insurance giant AIG. Geithner told the House Committee the administration may be asking for more money...
President Barack Obama and his Treasury Secretary Timothy Geithner officially unveiled the administrations latest revamping of its financial rescue package today. Speaking to build as a three-prompt effort to draw private investors into a partnershi...
The Obama administration is hoping to draw significant private investment into its effort to buy up troubled assets from banks in order to free up lending to businesses and families. Treasury Secretary Timothy Geithner is slated to announce details...
President Obama is seeking to refocus debate on his federal budget proposal away from his 3.6-trillion-dollar price tag to focus instead on the components of the plan. These investments are not a wish list to priorities that I picked out of thin air...
From NPR News in Washington, I'm Jack Speer. The White House is trying to downplay congressional estimates that President Obama's budget will create 9.3 trillion dollars in deficits over the next decade, saying that it will not keep the president fr...
From NPR News in Washington, I'm Jack Speer. Less than a week after reports surfaced about AIG's employee bonus program, House lawmakers have passed the bill to recoup the money through targeted taxes. NPR's Audie Cornish has more. House Republican...
From NPR News in Washington, I'm Jack Speer. The head of insurance giant AIG told Congress today, he has heard the public outrage of the company's bonus payments to executives while taxpayers are bailing out the firm. NPR's Paul Brown has more. Edwa...
From NPR News in Washington. I'm Jack Speer. On Capitol Hill lawmakers are making plans to recoup the government bailout money that insurance giant AIG used to pay executive bonuses. NPR's Audie Cornish reports. After offering billions in rescue mon...
The White House appears to be sharing the outrage of many average citizens over how insurance giant American International Group has apparently used some of the billions in federal bailout money it received. Amid reports that AIG, which has received...
