Finally, the government has done something for real consumers by smiting the odious practices of credit card companies. Or, has it?
President Obama persuaded Congress to pass legislation that deems it evil when credit card companies suddenly raise the already exorbitant double-digit interest rate on your credit card debt to even more astronomical levels. (Whereas we consumers get a paltry two percent, if we're lucky, on money we put in the bank.)
President Obama says his new fuel-efficiency standards will help end our dependence on oil, which is another way of saying that once these rules go into effect, we will instead be dependent on hubris.
After all, to believe this plan can work, you have to believe Obama can sit in the White House and mandate new technology so awesomely powerful that, in just seven more years, the average passenger car sold in this country will get 39 miles to the gallon.
In political debate, the side that keeps its arguments simple and repeats them again and again is likely to gain the advantage. It is an easier sale, especially when the topic is as scary as terrorism.
That's how Republicans got the edge in the dispute over President Barack Obama's planned closing of the Guantanamo Bay prison. And it put former Vice President Dick Cheney on a separate but almost equal platform with the president of the United States, which is a plus any time the party out of power can manage it.
It's an end of an era for the thousands of college students who rely on MasterCard or Visa to get them through tight times.
Under a new law awaiting President Barack Obama's signature, credit card companies will be prohibited from giving cards to people under 21 unless they can prove they have the means to repay the debt or a parent or guardian co-signs for the loan.
Congress passed the bill this week, and Obama was expected to sign it into law Friday. The changes will go into effect in nine months.
President Barack Obama finds himself in a political box — at home and abroad — on closing the Guantanamo Bay prison, and he has prepared a major address on national security in hopes of working out of the tight spot.
Obama was taking on the explosive topic Thursday, a day after the Senate, at the behest of majority Democrats, denied his request for $80 million to close the prison. The 90-6 vote followed a similar move last week in the House and underscored widespread apprehension among Obama's Democratic allies in Congress over the issue.
The Obama administration is pressing ahead with its plan to close the Guantanamo Bay detention center, deciding to put a "high value" detainee on trial in New York City despite resistance from some in Congress.
Attorney General Eric Holder announced early Thursday that Ahmed Ghailani will be sent to New York City for trial, which would make him the first Guantanamo detainee brought to the U.S. and the first to face trial in a civilian criminal court.
Got stress? Oh, yeah, college students say, what with roommates, GPAs, student loans and all the rest.
But where's the line between feeling simply stressed and being truly depressed?
Eighty-five percent of college students surveyed in an Associated Press-mtvU poll reported feeling stressed in their daily lives in recent months: Worries about grades, school work, money and relationships were the big culprits.
The U.S. Army paid "tens of millions of dollars in bonuses" to KBR Inc, its biggest contractor in Iraq, even after it concluded the firm's electrical work had put U.S. soldiers at risk, according to a source close to a U.S. congressional investigation.
The Senate Democratic Policy Committee plans to hold a hearing on Wednesday to examine KBR's operations in Iraq, and question why the Army rewarded the Houston-based company.
In an ominous setback, the government agency that insures the pensions of 44 million Americans has amassed a record $33.5 billion deficit — triple what it was just six months ago.
The bleak financial snapshot, in a report obtained by The Associated Press, raises new fears that a federal bailout eventually will be needed for the Pension Benefit Guaranty Corp. The beleaguered agency is being saddled with the underfunded pension plans of companies going bankrupt in the worst economic slump since the Great Depression.
Activists backing President Barack Obama's health care overhaul are asking the Justice Department to open a wide-ranging investigation of what they say is monopoly-like power in the hands of major insurers.
The move by Health Care for America Now has consequences for the debate on Capitol Hill, since health insurers have been working closely with lawmakers to find a compromise that would expand coverage and curb costs.