Democratic News Chatter 3-29-2009

George Wenschhof Bio

President Barack Obama is preparing for his first overseas trip which will begin tomorrow - A financial summit in London with G-20 nations starts off his trip which will include stops in Prague, Istanbul and Strasbourg, France where a NATO meeting will take place. Resistance is present among many European countries to the U.S. dictating how they should approach the current economic crisis. The NY Times has more here.

The president also appeared on CBS "Face The Nation" this morning - if you missed it, ThePage.Time.com has a clip you can watch here.

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Treasury Department says 134.5 billion left in TARP funds - The first bailout bill passed at the end of the Bush administration had a total of 700 billion. With the recent disclosure of the latest plan to rid banks of their toxic assets, the question becomes is there enough money left in the Troubled Assets Relief Plan to fund Timothy Geithner's latest proposal. Politico.com has more here.

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Nobel prize winning economist Paul Krugman not sold on Obama's plan to improve the economy - a left-leaning economist, he was never a supporter of former president George W. Bush. However, he questions the reliance of the Obama administration on banks to get it right. Newsweek.com has a good piece on this you can read here.

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Obama announces international energy and climate forum to be held next month - on April 27-28, the summit will be held in Washington D.C. with invites going to leaders of 16 countries. In addition, UN Secretary-General Ban Ki-moon was also invited to attend. CNN.com has more here.

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