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News & UpdatesDecember 1, 2008 Each Player in Big Three to Bring Its Own Plan![]() By: New York Times The Detroit automakers have been lumped together for decades as the Big Three, and for good reason; their goals have usually been aligned. But this week, as the automakers take a second run at Congress, hoping to persuade... December 1, 2008 Obama's Accounting Expert?By: CFO.com Paul Volcker, now officially an economic adviser to the incoming Obama administration, is famous as a fierce inflation fighter. But he also has strong views on accounting topics that might soon become mainstream economic issues.
November 30, 2008 Obama likely to move on several energy frontsBy: San Francisco Chronicle Before the financial crisis took over the public debate this fall, Americans were up in arms as gas prices soared above $4 per gallon. The economy's steep decline has now sent gas prices tumbling below $2 per gallon in many... November 30, 2008 Economic rescue could cost $8.5 trillionBy: Los Angeles Times With its decision last week to pump an additional $1 trillion into the financial crisis, the government eliminated any doubt that the nation is on a wartime footing in the battle to shore up the economy. The strategy now -- and... November 30, 2008 Will GM's cuts be enough as Congress reconsiders aid?By: Detroit Free Press General Motors Corp. will take a hacksaw to itself as part of a plea to Congress for part of $25 billion in aid, pledging billions of dollars in cuts across its North American business from reworking its debt to shedding up to... November 29, 2008 FDA Sets Melamine Standard for Baby Formula![]() By: ABC News Less than two months after federal food regulators said they were unable to set a safety threshold for the industrial chemical melamine in baby formula, they announced a standard that allows for higher levels than those found in... November 29, 2008 U.S. Moves Ahead on Oil, Gas Leases on Public Land![]() By: Washington Post A decision by federal officials this week to press ahead with a controversial sale of oil and gas leases in eastern Utah is stoking the debate over how to balance the nation's needs for fossil fuels against concerns over the... November 28, 2008 New battle brews on Capitol Hill: Dems vs. DemsBy: CNN Congressional Democrats have a bigger majority than they've enjoyed in decades, but that doesn't necessarily mean there will be unity on Capitol Hill. A new battle may be brewing as Democrats fighting Democrats show evidence of a... November 28, 2008 Detroit Needs a Selloff, Not a Bailout![]() By: The Wall Street Journal Congress was decidedly unimpressed by the three domestic auto makers' plea for a bailout last week and responded by asking them to do the impossible: conjure up plans by Dec. 2 detailing how a bailout would revive them November 27, 2008 Volcker to head board of economic experts, sources sayBy: CNN.com President-elect Barack Obama on Wednesday will announce that Paul Volcker will head a new economic recovery board, two sources close to the transition team tell CNN.
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