News

The Future of TARP
January 16, 2009  - Yesterday, we learned that the Senate approved the use of the second half of $700-billion financial service sector bailout funds.  They did so on the assumption that the Obama administration will know how to use these funds better than Bush Administration has.  There's even been a lot of talk around... More


Bachmann Offers Amendment to Protect Taxpayers
January 15, 2009  - Today, U.S. Representative Michele Bachmann (MN-6), a member of the House Financial Services Committee, offered a taxpayer-friendly amendment to H.R. 384, the TARP Reform and Accountability Act. Her amendment would keep in place current taxpayer protections in the HOPE for Homeowners program. H.R.... More


SCHIP Reauthorization Flawed
January 14, 2009  - Any minute now, the House will be voting on H.R. 2, the Children's Health Insurance Reauthorization Act of 2009. While I support the goals of the State Children’s Health Insurance Program (SCHIP), the bill on the floor reauthorizes it in a grossly irresponsible manner. At a time when the American pe... More


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