Word: capitols
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Dates: during 2000-2009
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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...
From the outset, President Barack Obama's strategy on health-care reform has been to study everything the Clinton Administration did in 1993 and '94 - and do the opposite. Where Bill and Hillary Clinton delivered a byzantine bill of more than 1,300 pages to Capitol Hill, only to see it shredded once it got there, Obama has kept his distance from the fine print. He set forth a few ambitious goals: expanding coverage, reining in health-care spending, improving medical quality. And then he left it to Congress to develop a plan that could win the votes necessary...
...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...
When Leon Panetta earlier this year was nominated as director of the CIA, the strongest argument in his favor was his long experience in dealing with Capitol Hill. With Democrats in Congress already sharpening their knives over the CIA's Bush-era policies and practices, the Agency would need protection - and Panetta, a veteran pol with contacts on both sides of the aisle but no real intel background, seemed the best possible shield...