Tag: Foreclosures

Republican Wayne Allard, retiring after two terms in the Senate, wants Colorado residents to know he has appreciated the cards and letters over the years but will no longer be taking e-mails from constituents. With more than three months to go before his successor is sworn in, Allard's Senate office this week posted a "thanks, but no thanks" valedictory from the former Fort Collins veterinarian.

A $56-billion plan to extend unemployment benefits, pump billions into infrastructure projects and increase funding for low-income nutrition and health-care programs passed the House — and died in the Senate as too expensive. Trickle-down economics lives on. Read the rest of Mike Lillis' story at The Washington Independent.

Rep. Mark Udall, stumping in Edwards Sunday, came as close as he’ll likely ever come to saying “I told you so,” comparing his two "no" votes last week on the financial bailout package to his dissent on the Iraq War and the Patriot Act.

Colorado Democrats Mark Udall and John Salazar and Republicans Marilyn Musgrave and Doug Lamborn stuck with their opposition to a massive $700 billion emergency plan to rescue the nation's troubled financial credit markets on Friday morning, but House leaders corralled enough votes to pass the bailout 263-171.

LOVELAND - When Democrat Betsy Markey booked a town hall meeting in Loveland Wednesday to talk about the economic bailout, er, rescue plan, she probably expected to say more than the couple of sentences she was able to squeeze in, between a barrage of questions and comments from a group of about 50 people talking about the worries, fear and anger they have over America's troubled economy and the credit crisis that caused it.

Embattled Alaska Sen. Ted Stevens may have caught a lot of flak for calling the Internet a "series of tubes," but House techies today used a tunnel analogy to explain how they will handle ever-increasing amounts of traffic from people looking to learn about their representatives online. Welcome to the 21st century, guys, it's pretty darn cool.

Read more of Jeff's commentaries: • Presidential slugfest hits the airwaves • By the numbers: Obama's got the edge • McCain's Southern-style 'mission accomplished'

WASHINGTON, D.C.—A day after watching the U.S. House of Representatives kill a $700 billion financial package as the stock market dropped more than 700 points, voters continued to vent their rage toward Washington. But fewer of them did than in the days preceding the vote, and more of them encouraged lawmakers to support the package—or simply to do something.

All of the political leaders blessed the deal, but the House of Representatives spit it out anyway. The Wall Street bailout is so odious to public opinion, the "people's house" rejected it, 228-205. The fever chart in Wall Street — better known as the stock market — swooned instantly, with the Dow falling 700 points. The political bedlam in Washington is as real as it gets.

Colorado's congressional delegation split along unusual lines Monday, voting 4-3 against a proposed $700 billion emergency plan to bail out the nation's troubled financial institutions. The House of Representatives rejected the bill 228-205, sending markets into a panic and ending the day with the largest dollar loss in Wall Street history.

As a result of the House Republicans refusal to get on board with an economic bailout package this afternoon, it’s back to the drawing board for the White House and divided U.S. lawmakers – including the Colorado delegation.