Easily overlooked bit of news of the day:
So how long a financial downturn is the administration anticipating? President Obama has not put a date on it, saying that this year is going to be tough, but next year might be better. But it would appear that the Treasury Department thinks the Troubled Assets Relief Program, that $700 billion bank bailout, may be around for a while. The department, through the General Services Administration, has signed a lease for four floors of a building at 18th and L streets NW. It’s a 10-year lease.
“The closest thing to immortality on this earth is a federal government program.” — Ronald Reagan