Word: congresses
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Next up? Auto parts suppliers. Treasury is now preparing new guidelines, making supplier companies that feed parts to Detroit's troubled automakers (and often, transplants like Toyota as well) eligible for loans through the TARP, which initially was set up by Congress to help troubled financial institutions. "If you are based in Detroit you know the entire supply chain is in trouble. The liquidity situation in the supply chain has deteriorated significantly," says Steve D'Arcy, the director of Pricewaterhouse Cooper's consulting practice in Detroit. (Archive: "Iacocca's Tightrope...
Meanwhile, companies large and small are lining up to tap the $25 billion in loan guarantees administered by the U.S. Department of Energy to help the automakers re-tool for building more efficient vehicles. Congress appropriated the money in September and President-elect Barack Obama promised to double the funding during a late October visit to Detroit...
...press the Total key on your calculator just yet. Congress is also supposed to appropriate another $3.3 billion to finance research on new high-tech batteries that could be used for cars. The money had been authorized under the same 2007 energy bill that authorized the $25 billion...
...site. As chairman of the FCC, Genachowski will take the reins of an organization that has become increasingly relevant with the rise of the Internet and information technology such as wireless communications. His first task will likely be to oversee the nation-wide transition to digital television that Congress has set for Feb. 17. Obama has already asked for a delay to allow Americans more time to obtain coupons for converter boxes for their analog TV sets. During the campaign, Genachowski backed Obama’s support for net neutrality, advocating against allowing Web sites to pay a premium...
...This isn't the first time that Blair has been singled out for a high honor. In July 2003, Blair flew to Washington to address Congress in acceptance of another award, the Congressional Gold Medal. He never returned to actually pick up the medal. This omission continues to feed speculation, chief among it that Blair wishes to distance himself from Bush. His attendance at today's ceremony at least gives that notion the lie. (See pictures of Bush and Blair's enduring friendship...