Word: beltway
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MICHAEL WEISSKOPF has rigorously documented campaign fund raising in more than 30 stories since he joined TIME in January. His determination to follow the money has led him to some interesting Beltway venues--including the office of a chief Washington lobbyist this week. In a TIME exclusive, Weisskopf reveals the identity of the man who acted as a go-between for Democratic fund raiser Johnny Chung and former Energy Secretary Hazel O'Leary. Such tenacity has earned him a George Polk Award for his reporting on Congress. "Campaign fund raising may seem a strange Washington game," says Weisskopf...
...military high-ups weren't the only ones to lose their stomach for a fight. William Weld got a severe case of inner-Beltway butterflies, causing him to throw in the towel against Jesse Helms. The President himself got an attack of parental nerves as Chelsea left for Stanford; so distraught was her dad that he had to lean on something extremely soft ? like the tobacco settlement...
WASHINGTON: Pay attention, America: This may be the last you see of William Weld for a while. The former Massachusetts governor announced Monday he has conceded to Jesse Helms in the battle for Mexico. TIME Washington contributor Laurence Barrett believes Weld's attack on Beltway culture had gone as far as it could. "Weld looked a little bored in the governor's chair, and the idea of an ambassadorship must have intrigued him. And once he saw Helms in his way, Weld figured that a fight, whether he won or lost, would raise his national profile...
Even by the standards of beltway largesse, the arrangement was breathtakingly generous. In April the Federal Communications Commission, at the behest of Congress, handed out prized space on public airwaves to the nation's television broadcasters, space that would have fetched the public as much as $70 billion at auction. The broadcasters got better than a good deal on the new frequencies (effectively, a second channel for each of the nation's 1,500 TV stations). They got them for free. "The largest single grant of public property to a single industry in this generation," grumbles FCC chairman Reed Hundt...
Weld's frustration comes in part from knowing that if his nomination were to get past Helms, he would win confirmation handily. But he's applying outside-the-Beltway thinking to a purely inside-the-Beltway situation. He underestimates Washington's willingness to negotiate with terrorists who happen to run committees, the clubbiness of the Senate, and majority leader Trent Lott's reluctance to buck Helms...