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Recognizing that their bill was just an opening gambit, the two House Democrats notably left open one of the most controversial questions: whether, under a carbon cap-and-trade system, to auction off pollution credits to companies, as Obama's plan would do with 100% of them, or to give...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

The House produced a long-awaited bill to regulate 85% of U.S. greenhouse-gas emissions, anteing up for what promises to be long, high-stakes negotiations with the Senate and business groups alarmed at the $1 trillion price tag that some estimate such an effort could entail. The effects of...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

According to a proxy statement Citi filed with the Securities and Exchange Commission, the company finalized its bonus plan on Jan. 14. Twelve days later an amendment barring such payments was inserted by the House of Representatives into the $787 billion fiscal stimulus bill, which went into effect on Feb...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

Harvard Law School Dean Elena Kagan was confirmed as the nation’s first female Solicitor General yesterday after the United States Senate voted 61-31 in favor of her nomination. Kagan’s nomination as Solicitor General, the federal government’s representative before the Supreme...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Kagan Passes Senate Vote | 3/20/2009 | See Source »

Their idea got a big boost three days later, during the March 5 oral arguments before the California Supreme Court, which is expected to issue a ruling soon in the case brought by gay couples and others who argue the constitutional amendment passed by voters last fall should be invalidated...

Author: /time Magazine | Title: A Gay-Marriage Solution: End Marriage? | 3/16/2009 | See Source »

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