Push for Bailout Bucks, Gitmo Closure Considered, Clinton's Donor Interventions?
The Push for Bailout Bucks » President-elect Barack Obama is launching a full-court press today for Congressional approval to spend another $350 billion to stabilize the still-fragile U.S. financial system, with economic adviser Larry Summers trying to sway skeptical lawmakers with pledges of improved oversight (PDF). — Washington Post
Advisers: Gitmo Closure High on Obama's List » Obama advisers say the president-elect is preparing to issue an executive order his first week in office to close the U.S. military prison at Guantanamo Bay, as the transition team signals its intention to swiftly reverse several executive orders imposed by the Bush administration. — AP, Politico
Clinton's Donor Interventions? » Secretary of State nominee Hillary Rodham Clinton -- appearing today before the Senate Foreign Relations Committee -- intervened at least six times in government issues directly affecting companies and others that later contributed to her husband's foundation, an Associated Press review of her official correspondence found. — AP
Spanish Bank Caught in Madoff Probe » Spanish prosecutors are probing how one of Europe's largest banks lost more than $3.1 billion for clients by investing with Madoff. Meanwhile, a court order released Monday indicates that Madoff's lawyer is working on a possible plea agreement that could resolve the case without a trial. — New York Times
In FDA Files, Claims of Rushed Approvals » An official at the Food and Drug Administration overruled front-line agency scientists in approving the sale of an imaging device for breast cancer after receiving a phone call from a Connecticut congressman, according to internal agency documents. — New York Times
Missing High-Flyer May Have Faked Distress Call » An Indiana businessman whose financial management companies were under investigation apparently bailed out of his small plane and let it crash in what may have been an elaborate attempt to fake his own death. — AP
After the jump...
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