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...Department's program, up to $75 billion will be spent in an effort to prevent as many as 9 million people from losing their homes. "Much of this money is going directly to the same financial institutions that helped create the subprime-mortgage mess in the first place," said Bill Buzenberg, executive director of the Center for Public Integrity, in a statement...

Author: /time Magazine | Title: Subprime Lenders Head the Line for Federal Subsidies | 8/28/2009 | See Source »

...shape to bring his negotiating skills to bear. So what effect will his passing have on the prospects for health reform? Will his mourning colleagues suddenly be inspired to put aside their long-standing partisan and ideological differences, to get it done as a tribute to him, with the bill named in his honor, as many have suggested...

Author: /time Magazine | Title: Health-Care Reform After Kennedy: A Scaled-Back Bill? | 8/28/2009 | See Source »

...Kennedy would probably have been the first to tell you not to count on it. When lawmakers cut their deals and cast their votes, it is rarely with another politician's legacy in mind. If anything, Kennedy's death has made the prospects for the bill dicier, because it has deprived Senate Democrats of the 60th vote they would need to block a filibuster (assuming everyone else in the Democratic caucus voted as a bloc, which is far from certain). (See pictures of the lion of the Senate, Ted Kennedy...

Author: /time Magazine | Title: Health-Care Reform After Kennedy: A Scaled-Back Bill? | 8/28/2009 | See Source »

Kennedy's death does seem to have brought about a temporary cease-fire, with at least one group that opposes the bill suspending its television advertising. But when Congress returns to Washington in September, few doubt that the war will resume with even greater force in the wake of an August recess that has seen dozens of town-hall meetings disrupted by raucous protests...

Author: /time Magazine | Title: Health-Care Reform After Kennedy: A Scaled-Back Bill? | 8/28/2009 | See Source »

...both sides say, is impossible to predict. Four of the five congressional committees with jurisdiction over health-care reform have passed legislation, and reform advocates have not entirely given up hope that a bipartisan group of six members of the Senate Finance Committee will come up with a bill as well. But support for the entire exercise is dropping in the polls, especially among independents and older Americans. Increasingly, Democrats are talking privately of the need for a big September relaunch...

Author: /time Magazine | Title: Health-Care Reform After Kennedy: A Scaled-Back Bill? | 8/28/2009 | See Source »

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