Although Fed Chairman Ben Bernanke is thought to have enough backers to easily pass the Senate confirmation vote, recent reports suggest that support may be eroding, even among liberal Democrats.
During his State of the Union address tonight, President Obama will announce a proposal for a partial three-year federal spending freeze for programs unrelated to national security beginning in 2011.
The Supreme Court ruled on Jan. 21 that campaign finance laws should be relaxed to reflect constitutional rights to free speech. However, the decision was strongly criticized by liberal politicians, and even John McCain expressed his disapproval.
Last week, a combative President Obama announced his financial reform proposal, a move that will impose new restrictions on big banks and may signal an abrupt change to the way that federal regulations are applied to Wall Street.
President Obama and other Democratic leaders may find it more difficult to successfully pass several key pieces of legislation following the crucial loss in the Massachusetts special election Jan. 19. Republican Scott Brown defeated Democrat Martha Coakley by a margin of 52-47 percent to win Ted Kennedy’s vacant Senate seat in an upset that was almost unimaginable only a few weeks ago.
President Obama will deliver his much anticipated State of the Union address tonight. Experts believe that this year’s speech will be especially vital for the popularity of the current administration as it has introduced a surplus of legislation that has been heavily criticized by conservative leaders.
While Republicans continue to celebrate the historic Senate victory of Scott Brown in Massachusetts, conservative leaders in Washington have begun their push to get the senator-elect certified before Democrats finalize their version of the healthcare reform bill.
A newly released public opinion survey suggests that if Sarah Palin decided to run for president in two and a half years, she would not only have to go against the wishes of the majority of Democrats. Chances are, she would also run into trouble convincing her fellow Republicans to offer support.
According to a new Gallup poll, the majority of Americans believe that President Obama and other Democratic leaders should postpone debate on the current healthcare reform bill and consider alternative legislation that would garner more GOP support.
Air America, which some called "the liberal radio’s answer to Rush Limbaugh," has announced it would file for Chapter 7 bankruptcy protection and prepare to close down its operations.