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UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of ten of America's presidencies and who has edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. We get over 5 million article visits a year. See prorev.com for full contents of our site

March 26, 2010

OBAMA WILL SPEND MORE THAN TWICE AS MUCH ON WAR SUPPLEMENTAL AS ON FORECLOSURE AID

NY TIMES - The Obama administration on Friday announced broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. . . Sources said the agency would use $14 billion in funds from the Troubled Asset Relief Program, some of which it could dangle in front of financial institutions as incentives to participate.

ANTIWAR - In a move that was widely expected, Obama Administration officials headed to the Senate to press for approval of a $33 billion war supplemental bill, with most of the money going to pay for the Afghan War. The $33 billion supplement would be in addition to the record $708 billion military budget reported in January.


1 Comments:

Anonymous Anonymous said...

I wonder what Kucinich will say to justify voting for the Afghan war supplement.

March 26, 2010 4:00 PM  

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