Tales from the Trail

First draft: Paybacks

April 14, 2009

USA/Things are looking up on Wall Street. What will Washington have to say?

Goldman Sachs, coming off a strong earnings report, may try to pay back its $5 billion government loan early, so it can get out from under mandated salary caps. This move could reduce the cost of the financial bailout but also rekindle public anger about Wall Street greed. Look for a response from the Obama administration today.

Outside of Wall Street, the real economy continues to crumble. Retail sales unexpectedly fell in March as motor vehicle and electronic purchases declined, and prices paid to farmers and manufacturers posted their strongest yearly decline since 1950 as energy prices slipped, according to government figures released early Tuesday.

Obama speaks about the economy at Georgetown University at 11:30.

Congress is out of town this week, but that won’t stop a prominent congressional watchdog from releasing its report on wasteful spending.   Citizens Against Government Waste unveils its annual “pig book” at 10:00.

And there’s another public unveiling as well: the Obamas’ new dog, Bo, will make his public debut.

For more Reuters political news, click here.

Photo credit: Bo, a Portugese water dog, trots in the White House with his new master, President Barack Obama in a photograph released by the White House.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/