FROM Dana Hedgpeth
Federal Unemployment Benefits to be Extended, Yet Again As the Senate prepared to vote on history's longest extension of unemployment benefits, Jim Bunning (R-KY) wasn't the only one raising questions. Jon Kyl (R-AZ) asked why anyone thinks the program is helpful to the economy or the job market. The benefits are a holdover from the Great Depression. Now, workers where unemployment is worst can collect payment for up to 99 weeks. A Washington Post article , co-authored by Dana Hedgpeth, asks whether the "temporary bridge" for laid-off workers has become an expensive entitlement.
'Cash for Clunkers' Gets More Cash " Cash for Clunkers may have run out of cash, but America's consumers haven't run out of clunkers." That's from Democratic Congressman Ed Markey of Massachusetts, on extending a popular program that ran out of money sooner than anybody expected. It took only a week for eager consumers to burn up a $1 billion in federal money by collecting rebates on 250,000 new cars; it took less than a day for the Congress to come up with another $2 billion. Dana Hedgpeth is a financial reporter for the Washington Post .
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?