President Bush returns from Iraq and faces a decision: if or how or when Treasury should respond to Congressional inaction on federal aid for the Detroit-based automakers. Will TARP cover it?
The 110th Congress has departed. We’ll not see their likes again — well, except for the re-elected incumbents. And the pro forma sessions of the U.S. Senate to thwart President Bush’s recess appointments.
The Electoral College meets today at noon to elect the next President and Vice President of the United States.
President-elect Obama is expected to announce his energy and environment team at an afternoon news conference in Chicago: former Clinton EPA boss Carol Browner as head of a new White House council to coordinate climate, environment and energy policy. Also being announced Steven Chu, a Nobel prizewinner in physics, as energy secretary; Lisa Jackson, the chief of staff for New Jersey’s governor, as head of the EPA; and Nancy Sutley, deputy mayor of Los Angeles, as head of the White House Council on Environmental Quality.
The Federal Reserve’s Open Markets Committee meets Monday and Tuesday, bringing with it the strong possibility of an interest rate cut (to be announced at 2:15 p.m. Tuesday). Also discussed are “non-traditional” steps, such as the application of quantitative easing measures to respond to the recession. No, not qualitative. Quantitative.
Treasury Secretary Paulson speaks at 8 p.m. Thursday at the Captains of Industry Lecture Series in NYC.
OPEC meets Wednesday in Algeria. The talk is of quantity, as well.
Latest posts by Carter Wood (see all)
- Farewell from a Blogger - May 25, 2011
- Activist Ignore Evidence to Back Shakedown Suit Against Chevron - May 25, 2011
- More than a Lawsuit: A Circle of Political Pressure Against Chevron - May 25, 2011