Daily Democratic Wire 9-22-2009

George Wenschhof

President Barack Obama to hold several meetings with Heads of State as UN meetings open in New York - the UN meeting will continue talks on global warming and proposed actions by participating nations to control greenhouse gas emissions. Obama will speak at the opening of the meeting.

The Waldorf Astoria hotel will be the site of several meetings today as the President meets with Israel Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas. After those two meetings, all three Leaders will meet. Middle East Envoy George Mitchell has been busy working at a settlement, but so far, Israel has refused to stop all settlements in the West Bank. This is a condition necessary for Palestinian agreement. You can read more here.

Obama will also meet with Chinese President Hu Jintao. Free Trade and North Korea are expected to be on the table for discussion. Bloomberg.com has more here.

In what will be a very busy day for the President, he will also speak at the kick-off of the Clinton Global Initiative, a program that brings influential people together to work on solving world wide problems. You can read more here.

--------------------

Continuing Resolution bill to be considered by House today - I remember these from back in the late 70's when I was administering federal grants. A necessary move to continue the operations of government when appropriation bills have not been passed. The federal fiscal year ends September 30. The continuing resolution would allow money for another month of operations. TheHill.com has more here.

--------------------

A sneak peak at the Sausage making health care reform Senate bill - since the chair of the Senate Finance Committee; Max Baucus (D-Mont.) released his bill, 564 amendments have been offered by fellow Senators. The mark up of the bill now begins before the bill is voted on by the full Senate. Politico.com has a look at some of the key provisions in the bill here.

--------------------

F.D.I.C. short of funds - may need to borrow from Banks - not a good scenario as the failure of many Banks has left the F.D.I.C. short of funds used to insure depositors. Seems the government is considering borrowing money from healthy Banks to rescue the insurance fund. The NY Times has more here.

Certainly not a good situation as the Obama administration upped the insurance level from $100,000 to $250,000 to boost consumer confidence in Banks after the financial crisis unfolded across the world.

--------------------

To receive "Daily Email Updates" from Air-it-Out with George Wenschhof, click on "Subscribe to this feed" below.