Word: capitol
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Dates: during 2000-2009
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...Tuesday's Senate Banking Committee hearing on the bailout may not reassure anyone. Paulson argued that the Bush Administration's plan is "the single most effective thing we can do to help homeowners, the American people, and stimulate our economy." And he stressed that despite fears on Capitol Hill, he does believe there should be some oversight of the unprecedented bailout. But Democrat Chris Dodd of Connecticut declared, "It is not just our economy at risk but our Constitution as well," while ranking minority member Richard Shelby of Alabama, a vocal critic of the plan, said, "I have long opposed...
...Shelby is likely to oppose the plan, but much of its scrutiny on Capitol Hill is, in fact, Congress doing what Congress does, albeit on a massive, once-in-a-lifetime scale. On any given day on the Hill well-heeled lobbyists graft slivers of language onto obscure bills, language that ends up being worth huge amounts to their clients. This week the U.S. financial system is going to be reordered on a scale unseen since F.D.R., and everyone has an interest in that, sometimes to the tune of hundreds of billions of dollars. In the massive bazaar of legislative...
...Thursday House Speaker Nancy Pelosi told President Bush she'd keep the chamber in session longer if needed. It's also possible that the Treasury and the Fed could come up with an improvised solution that doesn't need congressional approval. Paulson and Fed Chairman Ben Bernanke visited Capitol Hill Thursday night to talk over the possibilities, and Paulson said Friday that he would "spend the weekend working with members of Congress of both parties" to come up with legislation that he hoped to pass "over the next week." In the meantime, Treasury on Friday announced a $50 billion guarantee...
...recognized the shift early and focused its energy on blocking Democratic attempts to placate gas-pump shock through legislation that did not include expanded drilling. The more the Democrats tried, the harder the Republicans hit back. The GOP liked the issue so much that Republicans even stayed on Capitol Hill for part of the August recess demanding a vote on drilling...
...pass any sort of drilling bill was not easy, after years of reliance on electoral support for conservation over extraction. "It's like a Republican waking up one morning and realizing that suddenly Americans don't want lower taxes; they want higher taxes," said a senior Republican aide on Capitol Hill. "It would take awhile to get your head around...