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Click here to visit the new home of Politics Daily!(Dec. 9) -- If you think it's been cold this week, then just wait until next week. Much of the central and eastern parts of the U.S., which have been shivering through an early-season cold snap this week, will be hit with a new blast of arctic air next week that will send temperatures 5 to perhaps 15 degrees lower than the current cold wave. Daytime temperatures will hold below zero in Minnesota and approach zero in Chicago at night. Temperatures will plummet below freezing in Florida, endangering millions of dollars worth of crops. The bitter blast will be accompanied by a strong, biting ...
(Nov. 1) -- The day before the critical midterm elections, the Obama administration has won its federal case to extend the freeze on the overturning of "don't ask, don't tell," which was ruled unconstitutional by another federal judge less than a month ago. What does it all mean? Under the previous ruling, the controversial policy of discharging openly gay servicemen and women was effectively arrested, with U.S. District Judge Virginia Phillips twice maintaining that the military could no longer enforce it, despite an attempt by Obama administration lawyers to secure an emergency stay. As ...
President Obama's top budget adviser wants federal agencies to identify "laggard programs" that they can trim as a step toward reducing spending by 5 percent. The idea is to "make it easier" to comply with the president's plan to freeze some federal outlays for three years beginning with the 2011 federal budget. But there are caveats and exceptions. Budget Director Peter Orszag said in a speech Tuesday to the Center for American Progress that the proposed cuts would not begin until 2012 and would apply only to non-defense and non-security-related agencies. In other words, the Pentagon and ...
President Obama is extending a freeze on pay raises for senior White House officials for another year, and spreading it to political appointees across the government, Politico reports. Obama will also extend a ban he imposed last year on paying bonuses to political appointees. He is expected to announce the changes in government pay in his State of the Union address Wednesday night. Obama's first "freeze" came on his first day in office, when he locked-in the pay of White House officials making over $100,000 a year. The extension will apply the freeze to 1,200 officials across the government, ...
The Bush Administration has reached a deal with mortgage industry executives that will provide some relief to homeowners whose adjustable rate mortgage payments are set to increase. President Bush is expected to announce the deal Thursday at the White House.Under the terms of the agreement, mortgage companies will hold the interest rates on adjustable rate sub-prime mortgages steady for five years. In theory, this will allow homeowners more time to gather the resources to make the increased payments, refinance the loan to a fixed rate, or sell the property in order to avoid foreclosure. The ...
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