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.
Auckland rang in 2026 with a downtown fireworks display launched from New Zealand’s tallest structure, Sky Tower, making it the first major city to greet the new year at a celebration dampened by rain, while crowds in Taipei braved the elements to watch Taipei 101’s display. South Pacific countries are the first to bid farewell to 2025. Clocks struck midnight in Auckland, with a population of 1.7 million, 18 hours before the famous ball was to drop in New York’s Times Square. The five-minute display involved 3,500 fireworks launched from the 240m Sky Tower. Smaller community events were canceled across New Zealand’s
The Ministry of Foreign Affairs (MOFA) yesterday said it is closely monitoring developments in Venezuela, and would continue to cooperate with democratic allies and work together for regional and global security, stability, and prosperity. The remarks came after the US on Saturday launched a series of airstrikes in Venezuela and kidnapped Venezuelan President Nicolas Maduro, who was later flown to New York along with his wife. The pair face US charges related to drug trafficking and alleged cooperation with gangs designated as terrorist organizations. Maduro has denied the allegations. The ministry said that it is closely monitoring the political and economic situation
‘SLICING METHOD’: In the event of a blockade, the China Coast Guard would intercept Taiwanese ships while its navy would seek to deter foreign intervention China’s military drills around Taiwan this week signaled potential strategies to cut the nation off from energy supplies and foreign military assistance, a US think tank report said. The Chinese People’s Liberation Army (PLA) conducted what it called “Justice Mission 2025” exercises from Monday to Tuesday in five maritime zones and airspace around Taiwan, calling them a warning to “Taiwanese independence” forces. In a report released on Wednesday, the Institute for the Study of War said the exercises effectively simulated blocking shipping routes to major port cities, including Kaohsiung, Keelung and Hualien. Taiwan would be highly vulnerable under such a blockade, because it
UNRELENTING: China attempted cyberattacks on Taiwan’s critical infrastructure 2.63 million times per day last year, up from 1.23 million in 2023, the NSB said China’s cyberarmy has long engaged in cyberattacks against Taiwan’s critical infrastructure, employing diverse and evolving tactics, the National Security Bureau (NSB) said yesterday, adding that cyberattacks on critical energy infrastructure last year increased 10-fold compared with the previous year. The NSB yesterday released a report titled Analysis on China’s Cyber Threats to Taiwan’s Critical Infrastructure in 2025, outlining the number of cyberattacks, major tactics and hacker groups. Taiwan’s national intelligence community identified a large number of cybersecurity incidents last year, the bureau said in a statement. China’s cyberarmy last year launched an average of 2.63 million intrusion attempts per day targeting Taiwan’s critical
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