Saturday, August 01, 2009

SPB News for Saturday




Lobbyists faked letters from minority orgs; Rep. Markey announces investigation.

House panel approves healthcare reform bill — The House Energy and Commerce Committee on Friday night approved the Democrats' healthcare reform bill, setting up a floor vote this fall. — The passage of the legislation came after days of intense negotiations between Energy …

House Approves $2B to Extend 'Cash for Clunkers' Plan The House approved a bill Friday afternoon to provide $2 billion to continue the federal government's week-old "cash for clunkers" program, which has proven so popular with consumers that it was almost out of cash. The vote was 316 to 109. The money will come from funds in the already-passed economic stimulus package that were intended for energy loan guarantees.

US job cuts, foreclosures mount This week brought new indications that any economic "recovery" in the US will not be shared by the working class. Telecommunications giant Verizon announced that it would eliminate 8,000 jobs by the end of the year, new data showed that the foreclosure crisis is continuing to mount, and weekly initial jobless benefit claims rose.

Gov. Riley won't declare emergency, so no cash to bury dead, feed prisoners.

Weekly Address: This Economic Storm Will Pass
The President discusses the state of the economy amidst positive signs from the GDP. Making clear that this is little comfort to those struggling, he notes that we appear to have averted an even worse disaster and offers hope for the time ahead.

U.S. to provide $1 billion to hire cops --Grants will be awarded to 1,046 law enforcement agencies The federal government will give $1 billion in grants to law enforcement agencies in every state to pay for the hiring and rehiring of law enforcement officers, Vice President Joe Biden and Attorney General Eric Holder announced Tuesday. The money comes from the stimulus bill -- the American Recovery and Reinvestment Act of 2009 -- the officials said. The Department of Justice received more than 7,200 applications for more than 39,000 officer positions, representing a total of $8.3 billion in requested funding.

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