Help for the auto industry is a top priority for Democratic leaders, and it was the opening item of business as the U.S. Senate resumed its duties after a six-week break. But many senators appear to be feeling bailout burnout.
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The banking titan Citigroup will cut 15 percent of its global staff. But it’s not clear how many jobs will be lost, because many are in units the company hopes to sell.
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President-elect Barack Obama met with Republican Sen. John McCain in Chicago Monday to discuss issues on which the two former rivals could work together. Asked whether he planned to help the Obama administration, McCain replied, “Obviously.”
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In recent years, politicians have treated immigration as the third rail. But as the number of Hispanics grows — and as they turn out in greater numbers at the polls — advocates say the issue of immigration will be harder to ignore.
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On Sunday, Washington welcomed the freshman class of the 111th Congress. Walt Minnick, a Democrat who will represent Idaho’s 1st Congressional District, talks to host Andrea Seabrook about his particular brand of conservative liberalism.
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Hundreds of homes from Santa Barbara to Orange County have burned to the ground, and even areas far from the fires are grappling with power and water shortages and poor air quality.
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Wind-driven wildfires have destroyed hundreds of homes and forced thousands of people in Southern California to take refuge in shelters. In the Los Angeles suburb of Sylmar, a neighborhood of 500 mobile homes was wiped out.
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Inspector Paul Hartwell, public information officer with the Los Angeles County Fire Department, says what the region experience Friday night “was a whole different animal” from previous fires.
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Leaders from around the world gathered in Washington, D.C., over the weekend to discuss the global financial crisis. After the meeting, they issued a 10-page action plan for reform, enhancing regulation and reinforcing international cooperation.
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The heads of state representing the 20 most powerful economic powers issued a declaration to reform the world’s financial systems and prevent future crashes.
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The countries’ representatives said they hope to discuss how they might alleviate the global economic crisis, as well as steps they might take to prevent future worldwide economic crashes.
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Retail sales fell sharply in October. It was the fourth straight month in which overall retail activity declined. The October decline of 2.8 percent looks worse than it actually is, however. Take out gas prices, which are declining, and retail sales decline 1.5 percent.
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Thousands of people are evacuated and more than 100 homes are destroyed by a raging wildfire in the wealthy California coastal community of Montecito near Santa Barbara. It’s a celebrity enclave filled with multimillion dollars estates and ranches belonging to the likes of Oprah Winfrey.
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The Tea Fire in Santa Barbara County has destroyed at least 100 homes and has forced over 14,000 residents to flee. We get an update on where the fire is headed and what sort of damage it has caused and speak with a woman who had to evacuate her home.
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An estimated 1 million spectators will flock to the National Mall on Jan. 20 for President-elect Obama’s inauguration. Rep. Eleanor Holmes Norton, of Washington, D.C., discusses the city’s preparation for for the big event, and whether Obama’s election will bring greater autonomy or even statehood for the nation’s capital.
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