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Lawmakers Attack Feds’ Expanded Role
June, 22, 2009Comment
Lawmakers warned Treasury Secretary Timothy F. Geithner on Thursday that President Obama’s plan to greatly expand the Federal Reserve’s powers to oversee financial markets might overburden the central bank and lead to future problems on Wall Street going unchecked.
The agreement discounts medications for Medicare beneficiaries facing high out-of-pocket expenses when their benefits reach a gap in coverage.
“This is a significant breakthrough on the road to health care reform, one that will make the difference in the lives of many older Americans,” Obama said at the White House.
“Today marks a major step forward, but it will only be meaningful if we complete the journey. … I have to repeat and revive an old saying we had from the campaign: Yes, we can. We are going to get this done.”
