Federal Drive

Monday Morning Federal Newsstand

Written by Bob Laurence Edited by Suzanne Kubota This morning’s federal news as heard on WFED: President Barack Obama and Treasury Secretary Timothy Geith...

Federal News Network Staff

March 16, 2009 8:29 am

1 min read

Written by Bob Laurence
Edited by Suzanne Kubota

This morning’s federal news as heard on WFED:

President Barack Obama and Treasury Secretary Timothy Geithner will announce a new small business lending package today. The package will reduce small business lending fees as well as work with the Small Business Administration to increase guarantees on some loans.

A new report has surfaced detailing alleged torture techniques in secret CIA jails. The Washington Post is reporting that in a document from 2007, the International Committee of the Red Cross concluded that CIA

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President Barack Obama has announced his choice to head the Food and Drug Administration. In his weekly radio and video address, the president chose New York City Health Commissioner Margaret Hamburg as agency commissioner and Baltimore’s health commissioner, Joshua Sharfstein as her deputy. Consumer groups are applauding the picks.

The space shuttle Discovery successfully launched into orbit last night. After several delays to the launch, seven astronauts are en route to the international space station. They will conduct several space walks in order to install the space station’s last solar panels.

American International Group or AIG has allegedly used TARP funds to pay other foreign and domestic banks who also received TARP money. Nearly 90 billion dollars was payed to other banks. The news comes after outrage over recent multimillion dollar bonuses payed to executives.