Sanders grills Bernanke on bank bailout

Federal Reserve Chairman Ben Bernanke got a grilling on Tuesday from Senator Bernie Sanders during an appearance before the Senate Banking Committee. Sanders was angry that Bernanke hasn’t disclosed what banks have borrowed from the Federal Reserve.

Morning Newscast: December 24, 2008

Sen. Sanders says Congress should reject a request by the Treasury Secretary to release the second half of the $700 Billion Wall Street bail out fund, because he says what happened to the first half is shrouded in secrecy; more…

Midday Newscast: December 9, 2008

Congressman Peter Welch says he’s likely to support a limited bailout package for the auto industry; Quebec voters returned the Liberal Party to power in provincial elections yesterday; more…

Welch will support limited auto bail out, if conditions are met

Congressman Peter Welch says he will support a limited bail out package for the nation’s auto industry, but only if he’s convinced the plan will save jobs, force the companies to redesign their cars and protect taxpayers. Vermont officials are following the issue closely, because there are several thousand good paying jobs in the state that are tied to the auto industry.