Obama, Jindal Trade Barbs on Economy; Banks Lag on Bailout Details; Palin to Pay for Family Travel
We have lived through an era where too often, short-term gains were prized over long-term prosperity; where we failed to look beyond the next payment, the next quarter, or the next election."
— President Barack Obama, on the roots of economic crisis during address before Congress
Instead of trusting us to make wise decisions with our own money, [Democrats] passed the largest government spending bill in history - with a price tag of more than $1 trillion with interest. While some of the projects in the bill make sense, their legislation is larded with wasteful spending."
— Gov. Bobby Jindal (R-La.), offering the Republican response to Obama's presidential address
Few Banks Offer Bailout Details » Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program, told a House subcommittee yesterday that fewer than 5 percent of banks receiving government aid have responded to a request about what they have done with their bailout money. — Wall Street Journal
Texas Still Owes for Storm Aid » Hundreds of businesses, nonprofit groups and local governments are still waiting for Texas to pay them $134 million for services like bus transportation, portable restrooms and shelters provided when Hurricane Ike and two smaller storms battered the Gulf Coast last summer. — Associated Press
Palin to Repay State » Gov. Sarah Palin has agreed to reimburse the state an estimated $6,800 to cover assorted costs related to nine trips taken by her children in 2007 and 2008, but she's not admitting that she did anything wrong. — Anchorage Daily News
Burris Sits Tight » As senators walked two-by-two from the Senate chamber to the House on Tuesday night for President Barack Obama's first address to a joint session of Congress, the embattled Sen. Roland Burris walked alone. — Associated Press
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