Tuesday, August 25, 2009
Ted Kennedy Dies of Brain Cancer at Age 77.

$9 trillion in deficits....................
NEW YORK (CNNMoney.com) -- The White House now expects the 10-year budget deficit to reach $9.05 trillion, roughly $2 trillion more than it estimated earlier in the year, according to a report released Tuesday by the Office of Management and Budget. Budget office director Peter Orszag pointed to a number of measures put in place to stem the pain of the economic downturn. "As a result of a deeper-than-expected recession, certain spending programs (such as unemployment insurance and food stamps) are projected to automatically increase and revenues are projected to automatically decline, compared to our previous projection," Orszag said in a statement...Link
Monday, August 24, 2009
Obama to Nominate Bernanke to 2nd Term.

FED loses suit demanding transparency...
NEW YORK (Reuters) - A federal judge on Monday ruled against an effort by the U.S. Federal Reserve to block disclosure of companies that participated in and securities covered by a series of emergency funding programs as the global credit crisis began to intensify.Link
Texas Straight Talk......

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