WASHINGTON – Moving day is less than seven weeks away for President George W. and Laura Bush and they have finally settled on a house in the upscale Dallas, Texas neighborhood of Preston Hollow.
Tales from the Trail
They’re back, and this time they didn’t take the corporate jet. CEOs of General Motors, Ford and Chrysler will try again to wrangle billions of dollars in bailout money from Congress. This time, they drove from Detroit and they can explain they would do with the money. But they’ve also upped their request from $25 billion to $34 billion.
Testimony in front of the Senate Banking Committee begins at 10 a.m.
The Labor Department will issue its weekly jobless claims report, and it’s not expected to be pretty. The numbers come out at 8:30 a.m. Futures markets point to a lower opening for U.S. stocks after drugmaker Merck offered a disappointing 2009 profit outlook.
Some of the government’s top financial officials speak today. Fed Chairman Ben Bernanke talks about housing at 11:15, while Federal Insurance Deposit Corporation Chairman Sheila Bair speaks at a consumer conference at 8:30 a.m.
Posted by Michael Peltier and Thomas Ferraro
WASHINGTON — Republican Mel Martinez of Florida — a Cuban immigrant who says he lived “The American Dream” — is calling it quits as a member of the U.S. Senate.
WASHINGTON – Just as you must break a few eggs to make an omelet, President George W. Bush admitted on Monday that saving the free market system required taking non-free market action.
President George W. Bush, nearing the end of his final term in office, says he most wants to be remembered as someone who came to Washington and didn’t lose his values.
Someone who didn’t sell his soul to the political process.
Somebody who liberated 50 million people and helped achieve peace.
So he told his sister, Dorothy Bush Koch, in an interview for StoryCorps, the national oral history initiative. An excerpt of the interview aired on National Public Radio on Thanksgiving Day and the White House released excerpts on Friday. The entire interview will be archived at the American Folklife Center at the Library of Congress.
The economic crisis clearly has some folks feeling a little Grinch-like as the holiday season approaches.
President-elect Barack Obama, for one.
He told ABC’s “Good Morning America” that bankers should forego their bonuses this year.
“That’s an example of taking responsibility,” he said.
Not only that, daughters Malia and Sasha are going to have to make their beds and do other chores when they move into the White House.
“They have to learn these things,” Michelle Obama said.
The networks also report Barbara Bush, the 83-year-old former first lady, spent the night in the hospital after suffering from stomach pains.
The hospital stay was precautionary, officials say. Bush, the mother of President George W. Bush, is expected to be released sometime Wednesday.
President Bush will pardon the National Thanksgiving Turkey at the White House before heading off to Camp David for the holiday.
Upstaging the president and the turkey, Obama will make an economic announcment at 10:45 a.m.
He will name former Federal Reserve Chairman Paul Volcker to chair a panel to advise him on measures to stabilize financial markets and maneuver the country out of a recession, aides say.
Obama also is reportedly close to asking Roberts Gates to stay on as defense secretary. Many of Gates’ deputies would be replaced under the deal, The Washington Post said.
Newspapers mainly led with the government’s plan for $800 billion in new lending programs to ease the lending crisis and make it easier for consumers to get loans for homes, cars and education.
Despite new moves by Washington, China and Europe to stimulate the economy, markets overseas were struggling Wednesday and U.S. stock futures pointed to a lower opening on Wall Street.
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NEW YORK – President George W. Bush in 2003 landed aboard the USS Abraham Lincoln on a Navy jet where he delivered a speech saying major combat operations in Iraq had ended with a “Mission Accomplished” banner behind him, which later caused his administration headaches as the war dragged on.
WASHINGTON – President George W. Bush and wife Laura will greet their successors Barack and Michelle Obama at the South Portico of the White House at 2 p.m. EST on Monday before giving them a tour of their new home.