Sen. Judd Gregg, R-N.H., levied blunt criticism at an Obama administration proposal to transfer bailout funds to a new small-business loan program. Obama outlined details of the program during a town hall meeting in Nashua, N.H., the town where Gregg was born. "You can't make that type of statement with any legitimacy. You cannot make that statement," Gregg said in a testy exchange with White House budget chief Peter Orszag.

Related Summaries