http://polfeeds.com/i/vt/ Press releases, blog posts, photos, videos, and more from the politicians and candidates you select. News en-us Fri, 14 Nov 2008 01:00:00 CST

]]> Fri, 14 Nov 2008 01:00:00 CST Auto Bailout Doubtful Prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week. Senator Bernie Sanders told Politico, "The government shouldn't help the auto industry without making sure it changes its ways." He cited "disastrous" policies that shuttered American plants and lowered wages for American workers. Detroit built too many gas guzzlers and too few cars to lower greenhouse gas emissions, he added.

Rebuild America Vermont's congressional delegation is supporting a plan to quickly rebuild the country's transportation infrastructure. "If we're serious about rebuilding our crumbling infrastructure if we're serious about putting people to work in doing that it makes no sense to delay these projects because states are running deficits now and don't have the money to put up their matching portions," Sanders told Vermont Public Radio.]]> Thu, 13 Nov 2008 01:00:00 CST Thu, 13 Nov 2008 01:00:00 CST Jobless Claims Rocket to 7-Year High The number of newly laid-off individuals seeking unemployment benefits unexpectedly jumped last week to a seven-year high. The Labor Department said Thursday that jobless claims increased 32,000 to a seasonally adjusted 516,000. That is the highest total since just after the Sept. 11 terrorist attacks and second-highest since 1992, The Associated Press reported.

Foreclosures Mount The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed, AP reported.

International Recession Fears Europe's stock markets opened lower Thursday after further Asian losses, following more downbeat U.S. corporate news and confirmation that Germany is officially in recession, The Associated Press reported.


]]> Wed, 12 Nov 2008 01:00:00 CST coupon to help pay for the necessary converter box.  If you currently receive your TV signal through cable or satellite service you will not be impacted by this transition.  Sanders will be introducing legislation to require the availability of basic, affordable cable, satellite, or other paid television service so that everyone can still afford to receive the same broadcast channels that they had before the transition, after the transition. ]]> Wed, 12 Nov 2008 01:00:00 CST Rx Costs Rising Elderly and disabled people in Medicare prescription drug plans with the largest enrollments will pay 43% more on average in monthly premiums next year than when the drug program began in 2006, and some enrollees will see increases of as much as 329 percent, two analyses show. The rising costs "are wreaking havoc on seniors' wallets and are simply not sustainable in the long run," says Rep. Henry Waxman, D-Calif., who chairs the House Committee on Oversight and Government Reform, according to USA Today.

Lobbyists Swarm Treasury Of the initial $350 billion that Congress freed up out of the $700 billion in bailout money, the Treasury Department has committed all but $60 billion. The shrinking pie and the growing uncertainty over who qualifies has thrown Washington's legal and lobbying establishment into a mad scramble. The Treasury Department is under siege by an army of hired guns for banks, savings and loan associations and insurers, The New York Times reported.

Consumer Confidence While the panic on Wall Street eased in the last few weeks, American households fell into a defensive crouch. The numbers are pretty incredible. Sales of new vehicles have dropped 32 percent in the third quarter. Consumer spending appears likely to fall next year for the first time since 1980 and perhaps by the largest amount since 1942. With Wall Street edging back from the brink, this crisis of consumer confidence has become the No. 1 short-term issue for the economy, The New York Times reported.]]> Tue, 11 Nov 2008 01:00:00 CST

]]> Mon, 10 Nov 2008 01:00:00 CST Mon, 10 Nov 2008 01:00:00 CST Banks Jack Up Credit Card Rates In recent years, banks have sharply raised interest rates and penalty fees on credit cards. Bearing the brunt are consumers for whom a jump in rates and fees can make it tougher to pay their bills at a time when household budgets already are being stretched. A key driver behind this trend: securitization. From 2003 to 2007, seven of the largest issuers of credit cards packaged an increasing amount of card debt into securities and sold them off to investors, just as banks did with mortgages, a USA Today review of banking records found.

A Quiet Windfall For U.S. Banks As Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry in September, the Treasury Department issued a five-sentence notice that attracted almost no public attention. Corporate tax lawyers quickly realized the administration had given American banks a windfall of as much as $140 billion. Some congressional staff members privately concluded the notice was illegal, but worried that saying so publicly could unravel recent bank mergers and send the economy into a steeper tailspin, The Washington Post reported.

Heavy Student Loan Debt A new national survey ranks Vermont fourth in the amount of debt students pile up getting through college. The Project on Student Debt says that after four years of college, the average Vermont student graduates with $24,300 in debt. There's concern in Vermont that student debt loads may prompt young people to leave the state. Underlying college costs are cited as the cause. They jumped 6 percent at Vermont's public colleges from 2006 to 2007, The Associated Press reported.]]> Sun, 09 Nov 2008 01:00:00 CST

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]]> Fri, 07 Nov 2008 01:00:00 CST Unemployment Soars The unemployment rate soared 0.4 percentage point to 6.5 percent, its highest since March 1994. It was just 5 percent as recently as April. According to the household survey, employment fell by 297,000 while unemployment rose by 603,000, The Wall Street Journal reported.

Ford to Cut Jobs Ford Motor Company, battered by the weak economy and a shift in consumer preferences, this morning reported a third-quarter loss of $129 million. Ford said it would cut another 10 percent of its salaried work force in North America, The New York Times reported.

Congress Crafts Economic Plan As the euphoria of the election gave way yesterday to more sobering evidence of decline in the global economy, Democrats moved swiftly to convert their mandate into an economic action plan that could include up to $100 billion in immediate stimulus spending and new tax cuts for the middle class early next year. In Chicago, President-elect Barack Obama laid plans to meet today with his economic brain trust and conduct his first news conference since election night. In Washington, House Speaker Nancy Pelosi and Senate Majority Leader Harry M. Reid huddled in separate meetings with top executives of Detroit's automakers, who appealed for additional government help to save the industry from collapse, The Washington Post reported.]]> Thu, 06 Nov 2008 01:00:00 CST Thu, 06 Nov 2008 01:00:00 CST Administration Transition Obama remained largely out of public view yesterday while his aides announced the first details of an ambitious plan for the transfer of power when he assumes office in January. Obama spent most of the day ensconced in a downtown office building in discussions with Vice President-elect Biden; John D. Podesta, President Bill Clinton's chief of staff; Rep. Rahm Emanuel; and senior advisers...The president-elect must now decide how to insert himself into the most pressing issues facing the nation over the next 75 days, particularly the global economic summit that President Bush will convene in Washington on Nov. 15 and a new economic stimulus package being pushed by Democrats when a lame-duck session of Congress begins days later, The Washington Post reported.

Sanders: Time for Big Ideas With the nation embroiled in two wars and the economy in distress, Senator Bernie Sanders said Washington will have to be bold. `This is a time for big ideas. The American people have spoken clearly. The mantra of this campaign was change. And change is what we need to bring about,'' he told Vermont Public Radio. He warned against setting expectations too high. ``If you listen closely to what Barack Obama has been saying throughout his campaign, he said it is not going to be easy."

Vermont Delegation Giddy over Barack Obama's historic victory, members of Vermont's congressional delegation say they're eager to face the future under him even though there are serious challenges ahead. U.S. Senators Patrick Leahy and Bernie Sanders and U.S. Rep. Peter Welch said Obama's win wasn't just a repudiation by the American people of eight years of Republican rule. It was a bold statement of hope for the future, they said Wednesday, according to The Associated Press, WCAX, WPTZ and Fox 44 reported.


]]> Wed, 05 Nov 2008 01:00:00 CST Wed, 05 Nov 2008 01:00:00 CST Obama Sweeps to Historic Victory Barack Obama was elected the 44th president of the United States on Tuesday, sweeping away the last racial barrier in American politics with ease. "At the time when people are so demoralized, we are looking at the largest voter turnout in years," U.S. Sen. Bernard Sanders said, "but the work is not all done after tonight." Grassroots political activism needs to continue to ensure successful reform of the country's financial policies and other key issues, he said, according to the Vermont Press Bureau.

Vermont First for Obama Vermont became the first state to board the Barack Obama election express Tuesday. He captured the state's three electoral votes by landing 66 percent of the vote. "This has been an extraordinary campaign," Sanders told a group of Obama volunteers Tuesday morning as the headed to New Hampshire. "It is what almost everybody recognizes as one of the great campaigns, if not the best campaign ever run in our lifetimes," Sanders said. "He (Obama) understood he could not win this election unless there was a massive grassroots activism," The Burlington Free Press reported.]]> Tue, 04 Nov 2008 01:00:00 CST
Article I, Section 1. All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives...Article I, Section 4. The times, places and manner of holding elections for Senators and Representatives, shall be prescribed in each state by the legislature thereof...

Article II, Section 1. The executive power shall be vested in a President of the United States of America. He shall hold his office during the term of four years, and, together with the Vice President, chosen for the same term, be elected, as follows:  Each state shall appoint, in such manner as the Legislature thereof may direct, a number of electors, equal to the whole number of Senators and Representatives to which the State may be entitled in the Congress...


]]> Tue, 04 Nov 2008 01:00:00 CST No Bernie on Ballots For the first time since 1970, Bernie Sanders is not on a Vermont ballot today, The Associated Press reported. Who would have predicted more than 35 years ago that Bernie Sanders, running on the minor party Liberty Union ballot, would become mayor of Burlington, then congressman, then senator? WCAX asked. "The views that I hold, where you try to strengthen the middle class and provide health care to all the people and protect our veterans... by now in Vermont, I think a lot of people share those views," Sanders said.

Justices Hear Label Warning Case The Supreme Court appeared likely Monday to decide an amputee's lawsuit against a drug maker based on how much federal regulators knew about an anti-nausea drug's risks in the event of a botched injection. Several justices indicated that if the Food and Drug Administration had clear information about the risks of Wyeth Pharmaceuticals' anti-nausea drug Phenergan, and approved its warning label anyway, then Wyeth probably would prevail in its court fight against Diana Levine of Marshfield, Vt., The Associated Press reported.]]>