Word: capitols
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Dates: during 2000-2009
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...details up in the air so that productive exchange with lawmakers can occur in the near future. Surely, it will undergo much revision and debate as it works its way through opposition in Congress. Its principles of transparency, disclosure, centralization, and closer oversight, however, must not be lost on Capitol Hill. If executed properly and enacted swiftly, Geithner’s plan should work toward restoring market confidence and the security of American finance...
...Obama or congressional Democrats want to deliver to the voting public. But in the face of soaring deficit projections and growing Republican and moderate Democratic opposition to the Administration's $3.6 trillion budget plan, it may be the best they can do. And so, when the President journeyed to Capitol Hill on Wednesday to rally his party's support for his agenda, he sought to make a counterargument to the rising chorus that wants him to scale back his ambitious plans to reform health care, energy and education even as he tries to save the economy and cut the deficit...
...Given the GOP opposition, support from a group of moderate Democrats known as the Gang of 16 (led by Senator Evan Bayh of Indiana) is essential. Although most insisted that Obama's presence on Capitol Hill was not a sales job, the luncheon was dominated by talk of his budget. "These initiatives - education, better health care - are not free," said Senator Mary Landrieu, a Louisiana Democrat, who asked Obama about a provision she strongly opposes that would raise taxes on independent oil and gas producers. "But he was very open to consider some of those changes, which is what...
Though politicians on Capitol Hill have made less of it thus far, the other change that Geithner is seeking is even farther-reaching and arguably more controversial on Wall Street. As banks must do now, big hedge funds, private equity firms, insurance companies and others who play in the financial markets would have to open their books (on a confidential basis) regularly to government overseers. Hand in hand with that requirement would be much tougher limits on how much risk any financial firm could take, so that the days of making huge bets on the markets with relatively little...
...Stay one step ahead of the news Geithner caused himself so much grief by not being on top of the bonuses, even though many on his staff and on Capitol Hill knew for months they were coming. Clearly, Geithner is a busy guy, what with managing a collapsing economy, trying to restart the credit system and dealing with China, Europe and other representatives of the global marketplace as the recession spreads. And he hasn't exactly had an easy time hiring staff, with three top appointees withdrawing their names from consideration in the past month. "I knew that...