Word: capitol
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...ancient treasures: There is value to leaving structures, remnants of the past, in ruins. There is worth in seeing things fallen but not forgotten, in letting things be the way they are, in neither rebuilding nor destroying. There is value in not labeling everything, classifying it as though the capitol were some giant museum or a large still life. Rome is very much a living city, and the ruins are part of its vivaciousness. For centuries, millennia really, Italians have been building over, incorporating, and generally bastardizing their ruins. And it works for them...
President Obama's news conference on July 22 is meant to be a foot on the accelerator of health-care reform, but all signs suggest that Capitol Hill is putting on the brakes. In the House, the Energy and Commerce Committee had expected to be finishing up its bill tonight; instead, the only one of the three health-related House committees that hasn't yet produced a bill has suspended its drafting sessions, while committee chairman Henry Waxman tries to work out his differences with a rebellious group of fiscally conservative Democrats known as the Blue Dogs...
Current Fed chairman Ben Bernanke has had to explain himself on Capitol Hill a lot more often than that. As Bernanke waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook...
...cognizant of the fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits that create long-term risks...
...Senate side of the Capitol, this comment sounds like a bow to political reality. Whereas the Health Committee has passed a bill with a strong public plan, the Finance Committee is looking at a number of weaker versions, including one that would operate as a cooperative. But over in the House - where three key committee chairmen unveiled a health measure that has a public plan and puts new taxes on the wealthy - Emanuel's words stirred up painful memories from the early Clinton years. In 1993, House Democrats backed the President on an unpopular energy tax - based on the heat...