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Drones over U.S. may pose security risks
WASHINGTON, Nov. 19 (UPI) -- Rep. Peter DeFazio, D-Ore., said Thursday top members of President Obama's economic team were focused on Wall Street, not Main Street.
DeFazio said White House economic adviser Larry Summers was "an adviser from Wall Street," CBS News reported.
U.S. Treasury Secretary Timothy Geithner, he said, should step down or be asked to leave his position.
"They want to keep the TARP money either to continue to bail out Wall Street if there are future problems, or maybe … to pay down the deficit. That's absurd," he said.
Referring to government's massive financial firm bailouts, "instead of saying 'you bet, you lost,' they got paid back in full through AIG (American International Group). We channeled the money through them," the congressman said.
AIG, the country's largest insurer, received $180 billion in federal bailout funds.
The Congressional Progressive Caucus is reviewing the option of asking Obama to replace Geithner, CBS said.
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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STERLING, Va., Feb. 10 (UPI) --
The U.S. subsidiary of Britain's Chemring Group PLC is supplying the Italian army with ground-penetrating radar to counter improvised explosive devices.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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