SMALL BUSINESS AND POLITICS WORKING TOGETHER
7 years ago
The chairman of the Senate banking committee claimed Thursday that he would "look at every possible legal means" to recover billions in bonuses to Wall Street executives, after President Obama called the bonuses plain "outrageous."
The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.
"That is the height of irresponsibility. It is shameful," he said.
Sen. Chris Dodd, D-Conn., released a statement saying: "I'm demanding that the Treasury Department figure out some way to get this money back."
Media outlets reported today that President Barack Obama will name Joshua DuBois, a Pentecostal minister who did religious outreach during the campaign, to head a revamped White House office of “faith-based” initiatives.
The Rev. Barry W. Lynn, executive director of Americans United for Separation of Church and State, called on Obama to act quickly to overturn executive orders and other policies from the Bush administration that undercut civil rights and civil liberties.
“I urge President Obama and his staff to work expeditiously to fix several glaring problems with the ‘faith-based’ initiative,” Lynn said. “Time is of the essence. Every day the initiative operates under Bush-era rules is another day rights are violated and tax money is squandered.”
Lynn said the Obama administration should work to implement a series of recommendations the new president made in July. During a speech in Zanesville, Ohio, Obama vowed to end taxpayer-funded job bias in faith-based programs, forbid proselytizing in these programs and subject them to oversight to make sure they are effective.
While the House and Senate measures are similar, they are most likely to differ in ways that could snarl negotiations between Democrats from the two chambers, and delay getting a measure to the president. In particular, House and Senate Democrats are split over how to divide $87 billion in relief to the states for Medicaid, with senators favoring a formula more beneficial to less-populous states.
Although his presidency is barely a week old, some of Mr. Obama’s work habits are already becoming clear. He shows up at the Oval Office shortly before 9 in the morning, roughly two hours later than his early-to-bed, early-to-rise predecessor. Mr. Obama likes to have his workout — weights andcardio — first thing in the morning, at 6:45. (Mr. Bush slipped away to exercise midday.)
He reads several papers, eats breakfast with his family and helps pack his daughters, Malia, 10, and Sasha, 7, off to school before making the 30-second commute downstairs — a definite perk for a man trying to balance work and family life. He eats dinner with his family, then often returns to work; aides have seen him in the Oval Office as late as 10 p.m., reading briefing papers for the next day.
Officials in U.S. President Barack Obama's administration are drafting a letter to Iran from the president aimed at unfreezing relations and opening the way for direct talks, Britain's Guardian newspaper reported on Thursday.
The U.S. State Department has been working on drafts of the letter since Obama was elected last November, the report said. It was a response to a letter of congratulations sent by Iranian President Mahmoud Ahmadinejad after Obama's poll victory.
The letter gives assurances that Washington does not want to overthrow the Iranian administration, but instead seeks changes in its behavior, the paper said. It would be addressed to the Iranian people and sent directly to Supreme Leader Ayatollah Ali Khamenei, or released as an open letter.
Post a Comment
Share your thoughts