It’s not yet 9:00 on a Monday morning, and the federal government has already dumped another $30 billion into the tottering financial system. The money goes to insurer American International Group Inc., which just announced a fourth-quarter loss of $61.7 billion — the largest quarterly loss in corporate history.
Tales from the Trail
Good day you hosers!
President Barack Obama takes off to the Great White North today on his first foreign jaunt as president. Trade will top the agenda in Ottawa as Obama seeks to ease concerns about protectionism. He’ll also discuss the war in Afghanistan and clean energy technology with Prime Minister Stephen Harper and the Canadian Parlaiment, but the one-day trip leaves little time to get into details. Too bad, eh?
Is U.S. Secretary of State Hillary Clinton's visit to Jakarta a hint that President Barack Obama will pick Indonesia as the first Muslim country he visits in his drive to improve U.S. relations with the Islamic world? There were lots of other suggestions when he first mentioned this back in December, including Egypt (the New York Times pick) and Morocco (judging by what might have been a write-in campaign on our comments page).
WASHINGTON – Hillary Clinton went on a charm offensive with France’s foreign minister on Thursday, fondly recalling many trips to Paris and heaping praise on the country’s education system as a model for America.
Clinton has played up the Transatlantic relationship this week, choosing to meet first with the foreign ministers of Britain, Germany and France in her second week as new U.S. secretary of state.
“I have been to France many times and I always have a good impression. I enjoy visiting in France,” the former first lady and New York senator said at a joint news conference with France’s Bernard Kouchner at the State Department.
She recalled meeting Kouchner’s wife “longer ago than Christine or I care to admit” and said she was impressed by the country’s preschool facilities, prompting her to return home to try and get the United States to follow France’s example.
“I not only have enjoyed my time in France but I have learned a lot from my visits. I look forward to returning,” she added. “As soon as possible,” gushed Kouchner, beaming at her side.
The Bush administration had a prickly relationship with France at the time of the U.S. invasion of Iraq in 2003, to the extent that in congressional cafeteria the words “French fries” were changed to “Freedom fries” on menus.
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WASHINGTON – U.S. Secretary of State Condoleezza Rice bid a tearful goodbye to her staff on Friday and left behind a welcome note for Sen. Hillary Clinton, who is set to take over the top diplomatic job on Tuesday.
It’s a busy old day on Capitol Hill.
President-elect Barack Obama’s picks to head the Securities and Exchange Commission and the Department of Homeland Security and his nominees for attorney general and ambassador to the United Nations will be on Capitol Hill for their Senate nomination hearings.