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...Those revelations were greeted on Capitol Hill with stunned silence by Republicans and barely suppressed joy by Democrats. "I believe that many of [the banks] will be able to meet their capital needs, without further government capital," Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee on Wednesday. Further, he said, Administration officials "don't think there's a near-term need" for more money from Congress. "That would be terrific!" chirped the committee's Democratic chair, Carolyn Maloney, of New York...

Author: /time Magazine | Title: Stress Tested: Has Geithner's Bank Confidence Game Worked? | 5/8/2009 | See Source »

...citizenry; and Pakistani public opinion remains more hostile to the U.S. than to the Taliban. Karzai, meanwhile, has long been written off by Washington an incapable of providing the kind of governance essential to winning a counterinsurgency war. Still, in response to the growing legion of skeptics on Capitol Hill, the Administration might well ask: Does anyone have a better idea...

Author: /time Magazine | Title: Obama and His Troublesome Allies | 5/7/2009 | See Source »

...would trigger an even more dangerous regional war.) While Netanyahu - like Maliki, Karzai and Zardari - will likely utter the platitudes Washington expects of him, he's unlikely to actually move forward with implementing Washington's policy. And he may be counting on Israel's strong bipartisan support on Capitol Hill to minimize pressure from Obmaa to act against his instincts...

Author: /time Magazine | Title: Obama and His Troublesome Allies | 5/7/2009 | See Source »

...alike smell blood in the water; the country's military barely pretends to follow his instructions; the Taliban controls large swaths of his country's territory; and militant groups want his head - literally. So, can Pakistan's President expect some TLC in Washington? From the White House, perhaps, but Capitol Hill has little love left for Zardari...

Author: /time Magazine | Title: Zardari in Washington: Hard Questions for Pakistan's Leader | 5/6/2009 | See Source »

...Capitol Hill, however, legislators from both parties expressed reluctance to unconditionally bail out Zardari's government, expressing sharp criticism of his handling of the fight against extremism in his country and skepticism over the Obama Administration's claims that Islamabad if finally getting serious about that fight. At the Holbrooke hearing, Democratic Representative Gary Ackerman of New York said, "Pakistan's pants are on fire, but ... they don't recognize the risk [they...

Author: /time Magazine | Title: Zardari in Washington: Hard Questions for Pakistan's Leader | 5/6/2009 | See Source »

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