Monthly Archives: March 2009

  • CHN: The President’s Budget Runs into Trouble

    Deficit Worries Increase Likelihood of Spending Cuts, Possibly Jeopardizing the Economic Recovery As the House and Senate Budget Committees head towards taking up their versions of the Congressional Budget Resolution on Wednesday, March 25, opposition to important provisions in the President’s budget is surfacing.  In recent years there has been no pretense of bipartisan cooperation Read More »

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  • CHN: House Passes Legislation to Help Homeowners

    Most of the action taken by Congress thus far to address the meltdown in the housing market has focused on bailing out large financial institutions.  The House took a step last week that could ease the burden of some homeowners holding troubled mortgages. On March 6 on a mostly party line vote of 234-191 the Read More »

    Posted in Housing and Homelessness | Comments Off on CHN: House Passes Legislation to Help Homeowners
  • CHN: Current Year Spending Bill Finally Passes

    Last fall, Congress enacted a temporary spending measure covering domestic appropriations and non-military international programs and set it to expire on March 6.  Appropriators worked out a $410 billion package to provide full-year funding and the House passed it on February 25.  But Senators’ desires to speak out against earmarks, some other provisions, and the Read More »

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  • CHN: The President’s Budget: A Dramatic Shift in Priorities

    President Obama submitted his first budget to Congress on February 26, and it marked a seismic shift in priorities from those of the Bush White House.  The budget would invest in solutions to some of the nation’s most pressing problems:  the failing health insurance system, climate change and the need for renewable energy sources, economic Read More »

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