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...Congressional staffers who wrote the legislation reject the criticism, arguing that such projects, and the tax cuts and direct state aid that form the bulk of the bill, are necessary to win votes. "If you're the White House, you have two concerns, just like we do," says the Democratic staffer involved in writing the bill. "I want something that's going to fix the economy and I want something that my chairmen say can pass...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

...this staffer's account, during the transition, Summers, his deputy Jason Furman and the White House's top congressional liaison, Phil Schiliro, laid out the broad principles they wanted the bill to adhere to, but when it came to actual content, they deferred to the committee leaders. "Because otherwise what's the point in doing something, pie in the sky, if it doesn't have the votes?" the staffer says...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

...course the bill isn't set in stone, and Feldstein, who spoke with congressional Republicans on Tuesday, says it may change before it is passed, either before it clears the Senate or when it is in conference with the House thereafter. Indeed, the Senate voted on Wednesday evening to add a home-buying tax credit to the package, and Obama spent part of the day meeting with Senators like Collins and Nebraska Democrat Ben Nelson, who want to cut tens of billions of dollars in spending from...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

...This is where Obama's next big test lies: the President may not be able to claim authorship of the bill, but an aggressive editor can change a lot. The question is whether the White House will accept the Hill's arguments for what is needed to pass the bill, effectively letting the Democratic committee leaders price the value of Obama's political capital, or whether the Administration will see for itself what the market will bear...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

...American" clause in the President's economic stimulus package states that only U.S. iron, steel and manufactured goods can be used in construction projects funded by the bill. The package has already been approved by the House of Representatives, and the Senate is currently debating an $888 billion version of the bill...

Author: /time Magazine | Title: Why Europe Is Fuming About the Stimulus Package | 2/5/2009 | See Source »

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