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- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
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Question of the Day
Republicans used a procedural maneuver Wednesday to try to amend the $4.5 billion bill, which would give more needy children the opportunity to eat free lunches at school and make those lunches healthier. First lady Michelle Obama has lobbied for the bill as part of her “Let’s Move” campaign to combat childhood obesity.
House Democrats said the Republican amendment, which would have required background checks for child-care workers, was an effort to kill the bill and delayed a final vote on the legislation, rather than vote on the amendment.
Republicans say the nutrition bill is too costly and an example of government overreach. House Majority Leader Steny H. Hoyer, Maryland Democrat, said the House would later hold separate votes on the amendment and the bill, which the Senate passed in August.
Central bank details rescue effort
The Federal Reserve revealed details Wednesday of trillions of dollars in emergency aid it provided to U.S. and foreign banks during the financial crisis.
New documents show that the most loan and other aid for U.S. institutions over time went to Citigroup ($2.2 trillion), followed by Merrill Lynch ($2.1 trillion), Morgan Stanley ($2 trillion), Bank of America ($1.1 trillion), Bear Stearns ($960 billion), Goldman Sachs ($620 billion), JPMorgan Chase ($260 billion) and Wells Fargo ($150 billion).
Many of the individual loans they took were worth billions and had short durations, but were paid back and renewed many times.
Among the largest foreign bank recipients were Bank of England, Swiss National Bank, Barclays and Bank of Japan.
The documents are a reminder of how crippled the financial system had become during the crisis and how much it’s recovered since. Banks earned $14 billion from July through September this year.
Republican declines to join black caucus
COLUMBIA, S.C. | South Carolina’s first black Republican congressman in more than a century said Wednesday he will not join the Congressional Black Caucus.
Rep.-elect Tim Scott told the Associated Press on Wednesday he decided against joining the 42-member group, which is currently entirely Democratic.
Throughout his campaign, Mr. Scott has downplayed his race, saying he has always lived in a world that was integrated.
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