by Donna Brazile (CNN) -- As Senate negotiators, led by Majority Leader Harry Reid and Minority Leader Mitch McConnell huddle for another day to avoid the nation's default this week, we'll know in a few days if Congress -- more accurately, House Republicans -- will choose to plunge this nation into a second recession, possibly triggering a global financial meltdown, or agree to compromise.
President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.
NEW EMERGENCY MANAGER--Michigan Gov. Rick Snyder announced March 14, that Kevyn Orr, a bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring, has been named Detroit's emergency manager. (AP Photo/Courtesy Jones Day) by Corey Williams Associated Press Writer DETROIT (AP) — A bankruptcy expert who represented Chrysler during its successful restructuring has been chosen to steer Detroit out of the financial abyss that has swallowed the distressed city, which was once one of the nation's most prosperous.
It was a theme highlighted by leaders at The Michigan Chronicle’s Pancakes and Politics forum: collaboration. Often leaders speak of collaborating and working together,...
The rift between the Detroit mayor’s office and the city council over closing or privatizing city departments was clear at Tuesday’s open meeting. When...
