The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.
In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures -- two key aims of the sprawling program.
Senator Thune was on Face The Nation to discuss jobs, spending, and health care. Others on the panel were Gov. Haley Barbour (R-MS), Gov. Ed Rendell (D-PA), and Gov. Jennifer Granholm (D-MI).
Sen. John Thune, R-S.D., was one of five senators recognized as a recipient of an agricultural award by the National Association of Wheat Growers on Tuesday. The award recognizes members of Congress who have demonstrated consistent and strong support for the wheat industry.
Our country continues to grapple with pressing economic challenges. The exploding national debt will mean higher interest rates and inflation, diminished private-sector investment and job-crushing tax hikes. Unless addressed, each of these threats could significantly impede a recovery and jeopardize our nation’s long-term growth prospects.
Senator John Thune became a cosponsor of the Haiti Assistance Income Tax Incentive (HAITI) Act today, which would allow financial contributions made by U.S. taxpayers to qualifying organizations for Haiti relief efforts through March 1, 2010 to be claimed on their 2009 income tax returns.
