White House Pushes Bailout as Senate Republicans Balk

Government and Economy Economy shrinkage Rate is 3.8% in Q4 The economy shrank at a rate of 3.8% at the end of 2008, the worst showing in a quarter-century, the result of consumers and businesses throttling back their spending. Obama: Bailout Will Deal With Executive BonusesThe White House promises that the upcoming financial plan will clamp down on the salaries and bonuses paid to Wall Street executives from companies receiving taxpayer money. Republican Senators: We Will Fight... [Read Full Article]