Acting with lightning speed, the Democratic-led House has approved a bill to slap punishing taxes on big employee bonuses from firms bailed out by taxpayers.
Gates Emotional Description of Dover Visit
ABC News' Luis Martinez reports: Defense Secretary Robert Gates grew emotional this afternoon as he recounted a visit Monday night to Dover Air Force Base in Delaware to attend the return of the remains of four servicemen killed this weekend...
Boxer: Emissions limits 'reality'
By Jim Tankersley
Sen. Barbara Boxer (D-Calif.) offered a stark message today to her colleagues who want to delay or kill major reductions in U.S. greenhouse gas emissions: You've already lost.
Boxer chairs the Senate Environment and Public Works committee, and she's drafting the Senate version of a so-called "cap and trade" bill that would limit the emissions scientists blame for climate change.
In what she dubbed a "reality check on global warming," Boxer said a growing series of regional emissions capsand the high likelihood that the Obama administration will soon take the first steps toward regulating greenhouse gas emissions under the Clean Air Actsuggest that Congress' only choices on emissions limits are to set them itself, or to watch others do it.
"I am here today to say that the days of inaction on climate change have ended," Boxer said. "The question is, will Congress continue to play a small part or a central role?"
The comments rebuked Boxer's Republican counterpart on the committee, Sen. James Inhofe of Oklahoma, a global warming skeptic who lambasted the cap-and-trade proposal on the Senate floor this weekcalling it all costs and no benefits for American taxpayers.
"If it is time for anything," he said, "it is time for us to get realistic about these policies, and focus on what is achievable, both globally and domestically, to help bring down energy costs to consumers and make us more energy secure so the American public doesn't get yet another raw deal."
This Angry Moment: Populist Outrage Building
165 million taxpayer dollars are going to the same employees at AIG who were responsible for its downfall. A new Gallup poll shows that three-quarters of Americans want the government to block or retrieve that money. Are you, your friends and your colleagues angry?
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