Jack Reed News

Nearly $7 million in federal stimulus funds will be headed to Rhode Island later this year to combat homelessness in a new way.

Remember that infamous meeting last October at the Treasury Department , the one where then-Secretary Henry Paulson locked the chief executives of the nation's nine largest financial institutions in a room, and wouldn't let them out until they agreed to accept billions of dollars in government bailout money - whether they wanted it or not? ...

Rhode Island's Congressional delegation Thursday announced that the Rhode Island Public Transit Authority will receive over $24.2 million to purchase 20 new, 40-foot hybrid buses and upgrade 10 trolleys to hybrid propulsion.

" Rhode Island Hospital will receive $1.84 million in federal funding to expand the facilities and training programs at the hospital's Center for Cancer Research Development, U.S. Sen.

New Hampshire fishermen are speaking out after learning they have again been left out of a federal aid package to alleviate financial hardships caused by fishing regulations.

July 7, 2009 - Treasury Secretary Tim Geithner was urged to press mortgage servicers participating in the administration's foreclosure prevention programs to make good on their commitment in a letter sent jointly by Senate Banking Chairman Chris Dodd, D-Conn., and 19 others Monday.

Rhode Island's U.S. senators are discussing the possibility of a second economic stimulus package, a position that puts them at odds with President Obama.

The rules are still being debated within the FDIC, the agency that oversaw the sale of BankUnited Financial Corp.

The law firm of Decof and Decof has settled its dispute over the payment of fees to firms that helped the state sue the nation's paint companies for toxic lead paints that were widely used in Rhode Island several generations ago.

Happy Tuesday! The new Washington Post-ABC News poll suggests Americans still have a generally favorable opinion of President Obama even as confidence slips in his economic stimulus plans.

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Democrats are pressing the Obama administration to find a way out of the foreclosure crisis as they moved ahead with plans to create a government agency that would police the market for risky or deceptive mortgages.

Primary responsibility for derivatives tied to securities, including credit-default swaps, should go to the SEC, agency Chairman Mary Schapiro told a Senate subcommittee in Washington today.

Using President Barack Obama's regulatory overhaul proposal last week as a foundation, a Senate Banking Committee panel is holding a hearing today on how to rein in a market that grew almost seven-fold since 2000 and complicated government efforts to assess the risk of banks' interconnected trading when credit markets froze two years ago.

The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls and inaccurate information from lenders, while others say they were denied help for reasons that weren't clear.

Detailed work on sweeping health care reforms began on Capitol Hill Wednesday morning.

Race will likely play a major issue in the August 2010 Democratic primary, for which Steve Cohen is running against a popular black politician.

Breaking with tradition, Trinity Rep's Pell Awards are headed home this year. Some 450 people are expected to gather Saturday at Pelican Ledge, the Newport home of the late Sen.

Rhode Island cities and towns will soon be able to borrow, on favorable terms, a combined total of more than $250 million, the state's congressional delegation said on Friday.

Sen. Christopher Dodd, D-Conn. , talks Thursday about the Senatea s passage of a bill to regulate tobacco during a Capitol Hill news conference also attended by Sen.