Word: capitols
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...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...
...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...
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation. It's less common for virtually every member of Congress, Democrat and Republican alike, to have the same target for his or her carefully calibrated anger. But when all that talk actually gets channeled into immediate action, then you know that something really historic is happening in Washington - and that Congress (and the public) may well come to regret...
...unprecedented productivity on Capitol Hill this week stems from the continuing, unanimous outrage over the $165 million in bonuses handed out by AIG, which the government has funneled more than a hundred billion dollars into since last summer. At his congressional testimony earlier this week, embattled AIG CEO Edward Liddy said he'd asked employees to give half of their bonuses back, and that some had already voluntarily given all of it back. And Treasury Secretary Tim Geithner, who had signed off on the contractually promised bonuses after concluding that the government had no legal recourse to prevent them from...
...This bill is nothing more than an attempt for everybody to cover their butt up here on Capitol Hill," said House Republican leader John Boehner, one of the few party bigwigs on either side of the aisle to openly question the wisdom of the legislative rush. "It's full of loopholes. A lot of these people who are getting these bonuses likely live in London. And it's not clear how raising this tax is going to recover that money...