Word: bille
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That may be a risky bet, but Democrats know, as Bill Clinton so bitterly learned, that the biggest risk could be passing nothing at all. If they don't get health care now, the fallout could kneecap the Obama Administration for the next three years, and would likely be felt at the polls. Of course, that reality creates its own complications; if the party has little choice but to pass the bill by itself, progressives have even less patience for producing the kind of centrist bill that Baucus has been pushing. But Dems will probably stick with a centrist bill...
...died that they would ever sign on to a deal: as much as they would be happy to kill health-care reform, Republicans want to make the case that they gave bipartisanship their all. In fact, both cited "partisan deadlines" as reasons that they couldn't vote for the bill...
...does, however, have a last-ditch move that it can make with France and Britain, or even alone. Legislators on Capitol Hill are preparing a tough bill that would impose sanctions on third-country companies that supply the gasoline imports on which Iran relies for about one-third of its consumption. House Foreign Affairs Committee chairman Howard Berman, a California Democrat, has said he will mark up his bill next month. But the fewer allies that sign on for such tough sanctions, the more those sanctions are likely to hurt the U.S. rather than Iran...
...Congress is also working through a bill that would deliver an unprecedented $1.5 billion a year of nonmilitary aid. The money will help support Pakistan's deeply neglected education and social sectors. (At the moment, the country only spends 2.5% of its GDP on health and education combined.) Pakistan also faces chronic electricity shortages. On his last visit, Richard Holbrooke, the Obama Administration's envoy to the region, pledged support. But that effort, along with proposals for a gas pipeline from Iran and Chinese-funded nuclear-energy reactors, will not bear fruit for some time...
...somewhere, and your Treasury market remains the largest and most liquid in the world. Plus, we, like the Japanese before us, have no real interest in seeing your interest rates rise and growth slow, particularly not now, and that's what would happen if we went on a T-bill buying strike.) But holding your debt does give us leverage, and we have some decisions to make now. Specifically, we'd like to diversify our purchases because the dollar is getting weaker by the day and we want hard assets. Companies, land, buildings, amusement parks, golf courses, whatever. Our sovereign...