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Congressional Reaction Mixed To Obama's Budget
President Obama unveiled his budget for 2010 on Thursday. Democrats praised the president's commitment to expanding health care coverage, education funding and clean energy. Republicans were skeptical â especially about plans to raise taxes on businesses and wealthy households.
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Is Obama's Bold Budget Too Ambitious?
President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.
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Chinese Foreclosure Tourists Shopping In U.S.
A new kind of tourist package is being offered in China. Call it the "U.S. Real Estate Bottom-Fishing Tour." The first of 40 Chinese real estate shoppers are looking in the U.S. this week to buy for foreclosure properties and other housing bargains.
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Fantasy, Invention At New York Fashion Week
Sally Singer, Vogue magazine's fashion news and features director, says the need for fashion and style don't disappear â even in rough economic times.
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Burris Admits Contacts With Blagojevich Advisers
There are growing calls for new Illinois Sen. Roland Burris to resign. A county prosecutor in Illinois is looking into whether Burris perjured himself in testimony to Illinois lawmakers about how he got appointed to the Senate. The Democrat has acknowledged trying to raise money for ousted Gov. Rod Blagojevich before being appointed to the Senate.
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GM, Chrysler Want More Money From Uncle Sam
General Motors and Chrysler still need billions more in government aid. Both firms presented their restructuring plans to the Treasury Department on Tuesday. Including the money they've already received, both automakers are requesting a total of $39 billion. The firms also plan to slash a total of 50,000 jobs.
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Boyish Charm: Disney XD Woos Young Princes
Disney has worked its magic on young girls for decades. Now, it looks at the other side of the playground with Disney XD, a channel aimed at boys.
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Clinton To Asia With Hopes Of Setting New Tone
Secretary of State Hillary Clinton flies to Japan today to begin a week-long trip across Asia. It is her first trip as the Obama administration's top diplomat â and she says she's looking for ways that the U.S. and asian countries can chart a "common future."
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Valentine's Cupcakes From Nigella Lawson
As Valentine's Day approaches, one person who doesn't get mushy about it is food writer Nigella Lawson. Still, she jumps at the chance to make her own cupcakes. "I think that adults have some sort of yearning for childish things, childish foods," Lawson notes. "And I don't mean that disparagingly."
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Congress Reaches Deal On Stimulus Package
Congressional Democrats and three Republicans have struck a deal that hands President Obama an early political victory. They agreed on a compromise bill for the gigantic economic stimulus package that the president requested. Their measure will be put to a vote as early as Thursday in the House and Senate, and it's expected to pass in both chambers.
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