- Foreclosure plan unveiled.
The Obama administration did not make the same mistake twice.
A week after being hammered for offering a bank assistance plan that lacked details, the administration unveiled a sweeping and detailed plan Wednesday to prevent millions of foreclosures. It includes just about every suggested solution: loan guarantees, greater incentives to lenders and servicers, and expanded use of the government-sponsored enterprises.
It even included a stick to go with the carrots: a bigger push for legislation to let judges rework mortgages in bankruptcy.
- To the chagrin of right wing radio, Obama opposes the fairness doctrine.
“President Obama opposes any move to bring back the so-called Fairness Doctrine, a spokesman told FOXNews.com Wednesday.
The statement is the first definitive stance the administration has taken since an aide told an industry publication last summer that Obama opposes the doctrine “" a long-abolished policy that would require broadcasters to provide opposing viewpoints on controversial issues.
- Transportation Secretary mulls a mileage tax.
WASHINGTON “" Transportation Secretary Ray LaHood says he wants to consider taxing motorists based on how many miles they drive rather than how much gasoline they burn _ an idea that has angered drivers in some states where it has been proposed.
Gasoline taxes that for nearly half a century have paid for the federal share of highway and bridge construction can no longer be counted on to raise enough money to keep the nation’s transportation system moving, LaHood said in an interview with The Associated Press.