Massachusetts: Financial Crisis

Tue, 12/02/2008 - 11:18

Kerry fields questions, calls for prosecutions of private sector wrongdoing in economic crisis

CAMBRIDGE - U.S. Sen. John Kerry fielded questions ranging from mass transit to foreign policy to the current economic crisis here Monday night in a town hall meeting.

The forum took place at Lesley University's Prospect Hall near Port Square. Kerry, a Boston Democrat, attended the event following the special convocation ceremony at Harvard University for U.S. Sen. Edward Kennedy.

Sun, 10/26/2008 - 12:28

For Bowles, experience is key

Democrat Bill Bowles believes he has the experience necessary to address the number one concern of the voters in Bristol County's 2nd District: the economy.

Bowles, of Attleboro, is running against Republican George Ross for Republican state Rep. John Lepper's seat in what is one of the Democrats' few opportunities to expand their already sizable majority in the state House of Representatives.

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Tue, 10/14/2008 - 08:06

Globe endorses Obama, bashes McCain

The Boston Globe endorsed Democratic nominee Barack Obama for president Tuesday, saying the Illinois Democrat has the "vision to restore this country to its place of leadership in the world."

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Mon, 10/13/2008 - 16:29

Kerry responds to Beatty, says AIG stock holdings are in wife’s trust

[img_assist|nid=427|title=U.S. Sen. John Kerry (D-Boston) campaigning in Framingham earlier this year|desc=Politicker Photo|link=none|align=left|width=397|height=317]John Kerry responded on Monday to Republican challenger Jeff Beatty's frequent criticism that he owns $2 million in stock holdings in the recently bailed out insurance company AIG by saying that the holdings are part of his wife's portfolio, over which he has no control.

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Mon, 10/13/2008 - 07:27

Frank: Democrats will pursue stimulus package after election

Congressman Barney Frank said Sunday that congressional Democrats will push for another [img_assist|nid=496|title=U.S. Rep. Barney Frank (D-Newton)|desc=|link=none|align=right|width=116|height=180]stimulus package after the November election.

It was reported over the weekend that the Democratic leadership is considering a middle class stimulus package that could be as large as $150 billion.

In an appearance on ABC's "This Week" with George Stephanopoulos, Frank said the reports were accurate.

Fri, 10/03/2008 - 13:06

Lynch, Delahunt vote against bailout, Tierney switches to support it

Eight of the Bay State's 10 congressmen voted for the economic bailout plan Friday, while Reps. Stephen Lynch and Bill Delahunt cast their vote against it.

The bailout plan, which the Senate passed on Wednesday, passed in the House by a vote of 263 to 171.

Congressmen Stephen Lynch (D-Boston) and Bill Delahunt (D-Quincy) voted against the measure, as they did on Monday. Congressman John Tierney (D-Salem), who voted against the measure on Monday, supported it on Friday.

Fri, 10/03/2008 - 10:14

Cunningham urges Markey to vote against bailout

Republican congressional candidate John Cunningham urged U.S. Rep. Ed Markey, who he is challenging this year, and the rest of the House on Friday to vote against the revised financail bailout proposal.

[img_assist|nid=734|title=John Cunningham (R-Revere)|desc=|link=none|align=left|width=136|height=180]Cunningham, of Revere, said he opposes the legislation and criticized Washington lawmakers for inaccurately characterizing the current financial situation as more dire than it actually is.

Fri, 10/03/2008 - 10:09

Lynch plans to vote against bailout

Congressman Stephen Lynch's office just confirmed that he plans to vote against the $700 billion Wall Street bailout plan Friday.

[img_assist|nid=1373|title=U.S. Rep. Stephen Lynch (D-Boston)|desc=|link=none|align=right|width=134|height=125]Meaghan Maher, a spokesman for Lynch, told PolitickerMA.com that the Boston Democrat is "still a ‘no.'"

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Fri, 10/03/2008 - 08:15

Delahunt to vote against bailout

Congressman Bill Delahunt plans to vote against the economic bailout plan Friday, according to this office.

[img_assist|nid=151|title=U.S. Rep. Bill Delahunt (D-Quincy)|desc=|link=none|align=left|width=141|height=140]The Quincy Democrat voted against the measure on Monday and has not been persuaded by the add-ons the U.S. Senate added to the bill before passing it on Wednesday.

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Fri, 10/03/2008 - 07:39

A casino revival?

With the Bay State's top lawmakers vowing to make budget cuts Thursday in the face of state tax collections coming in $223 million under projections for the first quarter of the fiscal year, Gov. Deval Patrick hinted Thursday that his casino proposal may come up again in the next legislative session, an idea that did not appear to be warmly received by House Speaker Salvatore DiMasi, according to the Boston Globe's account.