Obama rejects short-term debt deal, urges compromise

Any plan that includes cuts hurting the nation's poor and the middle class, but helping the nation's most wealthy is unacceptable - we pray President Obama and congressional Democrats stick to that rule/value. Washington (CNN) -- President Barack Obama ruled out any possibility of signing a short-term extension of the federal debt ceiling Monday, insisting

Despite recovery, bank lending still falling

Not doing their part? The final scene in the movie “Too Big to Fail” shows Federal Reserve Chairman Ben Bernanke (played by Paul Giamatti) talking with then-Treasury Secretary Henry Paulson (portrayed by William Hurt). The scene takes place in September 2008 after the two men had just arm-twisted some of the nation’s biggest banks into