Word: billioned
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...Senate Democrats of their filibuster-proof majority, the White House has made no secret of its fervent desire that majority leader Harry Reid pass some kind of bipartisan legislation. So it was with a bit of fanfare that the White House welcomed Thursday a bipartisan Senate deal on $85 billion jobs legislation forged after weeks of negotiations between Senators Max Baucus, a Montana Democrat, and Chuck Grassley, an Iowa Republican. And it was to more than a bit of confusion that Reid hours later threw out the deal, replacing it with a stripped down $15 billion bill that would only...
...billion bill would be the first in a series of smaller jobs measures Reid plans to roll out in the place of a single overarching one. The idea is to force Republicans to take a series of tough votes against generally popular measures like the tax cuts, extension of unemployment and health benefits, and popular business tax credits originally included in Baucus and Grassley's plan. To prevent GOP foot-dragging that has plagued Democratic measures all year, Reid prevented amendments from being filed to his stripped-down bill - a controversial move at a time when the White House...
...margin, even if they're down a vote. But in an election year, their severely endangered leader risks going from a herder of cats to a cat in the herd - pushed and buffeted by too many competing forces. And nothing can pass the Senate - not a scaled-down $15 billion jobs bill or an $800-plus billion health care overhaul - by herd mentality...
This anti-U.S. resentment strikes many in Washington as a tad ungrateful - not to mention misplaced - given that last fall, Congress enacted the Kerry-Lugar bill granting Pakistan over $7.5 billion in economic aid over the next five years. In addition, Pakistan receives military hardware and training to combat Pakistani Taliban - whose wrath is focused on Islamabad - in the mountainous borderlands with Afghanistan...
...That entire country has no sense of responsibility, and now we're supposed to fix it," says Karen Schumann, 27, a Berlin media consultant. The complaint has a familiar ring to it. Greece has a staggering budget deficit of 12.7% of GDP and a $410 billion public debt, which free-spending Greek officials long kept secret from the rest of the euro zone. Now that Greece is on the verge of defaulting, its monetary partners will have to hand over huge loans to help keep the country solvent - all in order to prevent the euro from going into a free...