President Obama announced Monday new caps on executive pay for those firms receiving federal bailout aid. Analysts examine the new guidelines.
By Admin, PBS NewsHour
President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations.
Opponents of the stimulus package moving through the Senate are skeptical of the bill's increasing size, and of certain proposals they claim would not effectively boost the economy. Senators Jack Reed and John Thune debate the measure.
Two prominent Obama nominees, Tom Daschle and Nancy Killefer, withdrew their nominations Tuesday over controversies surrounding tax lapses. Political reporters mull the impact.
By PBS NewsHour
President Barack Obama named a third prominent Republican to his Cabinet Tuesday, selecting Sen. Judd Gregg of New Hampshire as his replacement pick for commerce secretary.
Former Democratic Senate majority leader Tom Daschle withdrew his nomination to be President Barack Obama's Health and Human Services secretary Tuesday, saying he did not want to be a distraction after paying $140,000 in back taxes.
While some of President Obama's Cabinet picks have sailed through confirmation, others have hit snags, such as Tom Daschle's recent admission of past tax mistakes. Analysts mull the pitfalls of cabinet-building.
Tom Daschle, President Barack Obama's choice to spearhead a reform effort of the costly U.S. health care system, fought Monday to salvage his appointment by apologizing for failing to pay back taxes.
President Barack Obama signed his first bill into law Thursday, an equal-pay measure championed by labor and women's rights backers, reversing a 2007 Supreme Court decision that made it harder to sue for pay discrimination.
President Barack Obama met Wednesday with business leaders and renewed his calls for Congress's quick action on passing a new economic stimulus plan.
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