US President Barack Obama was making another push for congressional approval of his economic rescue package hours after accusing critics of his nearly US$1 trillion plan of ignoring the depth of the US financial crisis.
Talking to fellow Democrats in Williamsburg, Virginia, on Thursday night Obama said the package “is not going to be absolutely perfect,” and that no one was going to get everything they wanted in it. But he said the plan’s scope was right and he reiterated his message that inaction would bring catastrophe.
The economic stimulus package is Obama’s top legislative priority. He has worked hard to obtain at least some Republican support for it — with no luck so far.
“He’s saying that he’s willing to go anywhere and talk to anybody in order to get a recovery and reinvestment plan that moves this economy forward,” press secretary Robert Gibbs said.
A US$819 billion version of the bill passed in the House of Representatives last week and in the Senate, moderates worked late on Thursday to cut tens of billions of dollars from the US$920 billion Senate version hopefully clearing the way for passage.
Passage of the bill in the Senate would turn the tide on a bad week for Obama, who had seen two nominees for key positions withdraw under a cloud of tax problems. Another Cabinet nominee hit an obstacle on Thursday — a Senate panel abruptly postponed a confirmation vote on Labor Secretary nominee Hilda Solis after revelations that her husband had some tax problems.
Obama has not had much luck so far building bipartisan support for the huge stimulus measure. As it was constructed in both houses of Congress, pet Democratic spending programs were inserted into the measure, providing easy public targets for Republican criticism.
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
PEACE AND STABILITY: Maintaining the cross-strait ‘status quo’ has long been the government’s position, the Ministry of Foreign Affairs said Taiwan is committed to maintaining the cross-strait “status quo” and seeks no escalation of tensions, the Ministry of Foreign Affairs (MOFA) said yesterday, rebutting a Time magazine opinion piece that described President William Lai (賴清德) as a “reckless leader.” The article, titled “The US Must Beware of Taiwan’s Reckless Leader,” was written by Lyle Goldstein, director of the Asia Program at the Washington-based Defense Priorities think tank. Goldstein wrote that Taiwan is “the world’s most dangerous flashpoint” amid ongoing conflicts in the Middle East and Russia’s invasion of Ukraine. He said that the situation in the Taiwan Strait has become less stable
FRESH LOOK: A committee would gather expert and public input on the themes and visual motifs that would appear on the notes, the central bank governor said The central bank has launched a comprehensive redesign of New Taiwan dollar banknotes to enhance anti-counterfeiting measures, improve accessibility and align the bills with global sustainability standards, Governor Yang Chin-long (楊金龍) told a meeting of the legislature’s Finance Committee yesterday. The overhaul would affect all five denominations — NT$100, NT$200, NT$500, NT$1,000 and NT$2,000 notes — but not coins, Yang said. It would be the first major update to the banknotes in 24 years, as the current series, introduced in 2001, has remained in circulation amid rapid advances in printing technology and security standards. “Updating the notes is essential to safeguard the integrity
REASSURANCE: The US said Taiwan’s interests would not be harmed during the talk and that it remains steadfast in its support for the nation, the foreign minister said US President Donald Trump on Friday said he would bring up Taiwan with Chinese President Xi Jinping (習近平) during a meeting on the sidelines of the APEC Summit in South Korea this week. “I will be talking about Taiwan [with Xi],” Trump told reporters before he departed for his trip to Asia, adding that he had “a lot of respect for Taiwan.” “We have a lot to talk about with President Xi, and he has a lot to talk about with us. I think we’ll have a good meeting,” Trump said. Taiwan has long been a contentious issue between the US and China.
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