Chuck Schumer to Sec. Paulson: Why $700 billion? Why not $150 billion?
“One of you mentioned that you will use about $50 billion dollars a month. If that’s the case, and you’re certainly not going to use all $700 billion immediately, and as you can see there are a lot of questions about whether this will work, we understand you’ve done your best and you think this will work best, but it’s clear we’re in uncharted waters. But what about doing this in tranches? Why couldn’t you ask us for $150 billion, and on January 15th or January 20th we would come back, we would assess how this worked and grant some more money if it’s really working?”
“One of you mentioned that you will use about $50 billion dollars a month. If that’s the case, and you’re certainly not going to use all $700 billion immediately, and as you can see there are a lot of questions about whether this will work, we understand you’ve done your best and you think this will work best, but it’s clear we’re in uncharted waters. But what about doing this in tranches? Why couldn’t you ask us for $150 billion, and on January 15th or January 20th we would come back, we would assess how this worked and grant some more money if it’s really working?”
'Threat to US greatest from Tribal Areas' The greatest threat of terrorism against the United States comes from the Tribal Areas of Pakistan, US Defence Secretary Robert Gates said on Tuesday. "If you asked me today where the greatest threat to the homeland [puke] lies, I would tell you it’s in western Pakistan," Gates told a congressional panel.
BA cancels Pakistan flights indefinitely The British High Commission (BHC) will not entertain any more visa application as its commercial partner Gerry’s International stopped its country wide operations citing security reasons. "Our commercial partner Gerry’s International took the decision to temporarily close down its visa application centres in Pakistan after the deadly Marriott Hotel blast on September 20," BHC spokeswoman Jennifer Wilkes told Daily Times on Tuesday.
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