Steven Rattner, former counselor to Treasury Secretary Timothy Geithner, celebrated in Huffington Post, “In the end, it was a blow out!” With the old General Motors successfully selling shares in its new General Motors at $33 per share, taxpayers will allegedly be getting back part of the $50 billion in bailout money used to rescue the company 17 months ago.
Lisa Murkowski made history yesterday when she became the first person elected to the Senate as a write-in candidate since South Carolina’s Strom Thurmond in 1954. Two weeks after Election Day, and thousands of counted write-in ballots later, the Associated Press declared Lisa Murkowski the winner of the Alaska Senate race.
While former Alaska Governor Sarah Palin has been very careful not to reveal her intentions for a presidential bid in 2012, during an ABC News interview with Barbara Walters, she did not hesitate to say that she believed she could defeat President Barack Obama in 2012 if she chose to run against him.
Senator Richard Durbin's "FDA Food Safety Modernization Act" (S. 510) passed a cloture vote hurdle Nov. 17 by a 75-25 margin, and appears headed for final Senate passage in the next few days. The bill would increase funding to the Food and Drug Administration and give it greater regulatory power over foods and medicines. It would require all food producers to register with the FDA and pay new taxes (which the bill calls "fees") that recoup all the inspection costs for the new army of regulators the bill would create.