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...stars, in other words, were not exactly aligned for a backroom bipartisan deal. Dodd tried anyway - first with Richard Shelby, the ranking Republican on his committee, and after that crashed and burned, with Corker, a junior member of the committee who seemed more open to a compromise. Over the last several weeks, they did manage to reach agreement on some less controversial elements of reform, such as systemic risk regulation and rating agency liability, but it was never clear how they would bridge fundamental differences like the consumer agency, derivatives regulations and shareholder protections. When I spoke to Corker last...

Author: /time Magazine | Title: Why the Dems Need to Hang Tough on Financial Reform | 3/13/2010 | See Source »

With unemployment at nearly 10% nationwide, the Senate voted 70 to 28 in favor of a $15 billion bill to help create jobs. While it's a victory for Senate Democrats--particularly majority leader Harry Reid, who scrapped a bipartisan draft earlier this month--the bill still has to pass the House or be reconciled with the lower chamber's $154 billion version, approved in December. Reid hopes to push through a series of small jobs-related bills like this one, which includes temporary tax breaks for companies hiring employees and support for highway-construction programs...

Author: /time Magazine | Title: The World | 3/8/2010 | See Source »

...scenes from a revolution: In early February, Barack Obama ended a six-month press-conference drought by taking questions from YouTube. When a madman crashed his plane into a Texas office building a couple of weeks later, the White House responded on its blog. And during the bipartisan summit on health reform, press secretary Robert Gibbs used Twitter to keep score...

Author: /time Magazine | Title: The White House Scrambles to Tame the News Cyclone | 3/4/2010 | See Source »

President Barack Obama has appointed two Harvard alumni as members of the bipartisan National Commission on Fiscal Responsibility and Reform to devise ways to balance the federal budget...

Author: By Alyssa A. Botelho, CRIMSON STAFF WRITER | Title: Harvard Alumni Join National Fiscal Committee | 3/1/2010 | See Source »

...October, Lieberman played bipartisan handmaiden again, this time with South Carolina Republican Lindsey Graham, who had made it clear that he'd engage with White House officials about a possible energy bill only if Lieberman was part of the conversation. Lieberman built a bridge to Republicans by backing expanded funding for nuclear energy. And though the prospects for a cap-and-trade bill this year are dim, representatives from the energy industry and environmentalists remain at the table for what Lieberman aides say are near daily talks hosted by the Senator or his staffers. If any energy or climate legislation...

Author: /time Magazine | Title: Can the Democrats Forgive Joe Lieberman? | 3/1/2010 | See Source »

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