Gaffney: Energy Freedom

Gill: Will Bredesen Alter the Tennessee Political Landscape in 2009

Charles T. Payne was 20 years old and, like any good Midwesterner, he knew how to listen.

He was making conversation, in pieced-together English and German, with a freed prisoner of Ohrdruf, the Nazi work camp Payne's infantry regiment had just liberated at the end of World War II.

"With great difficulty we conversed and, if I got what it was he was telling me about, it was that the Germans had killed a million Jews and that the world didn't really know this yet," Payne, 83, told The Associated Press in an interview Tuesday as, on the other side of the world, his great-nephew, Barack Obama, prepared to visit the Yad Vashem national Holocaust memorial in Jerusalem. Read More...

A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said Tuesday, as lawmakers put finishing touches on legislation that would tap the troubled mortgage giants' profits to help save homeowners from foreclosure.

A costly rescue is just a worry, not a fact at this point. Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there's a better than even chance the government will not have to step in to prop up the companies by lending them money or buying stock.

But Congress is expected to vote as early as Wednesday on a housing measure that would give the Treasury Department authority to throw Fannie and Freddie a temporary lifeline.     Read More...