Word: capitols
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Instead, he said they were simply part of a decades-long, bipartisan push - from Capitol Hill, the White House, the Department of Housing and Urban Development (HUD) and even bank regulators - for ever more mortgage lending on ever easier terms. Gramm said he arrived in Washington in 1978 convinced as an economist that subsidizing housing and mortgage lending was a bad idea, but was soon won over to Washington's pro-housing consensus. During his 1990 U.S. Senate campaign, he said, polls revealed that 82% of Texas homeowners supported him over his Democratic opponent. After that, "You didn't have...
...Capitol Hill on Thursday, Tim Geithner sent a little thrill up the leg of all the American trade unions that worked so hard to get Barack Obama elected. The Treasury Secretary-designate - whose appointment, despite his embarrassing tax travails, was waved through to the full Senate yesterday by the Finance Committee - declared in a written statement to the committee that China was guilty of "manipulating" its currency for trade advantage...
...reduction in U.S. carbon emissions by 2030 from 2005 levels, along with subsidies for coal plants that can capture CO2 and a market board to administer carbon offsets. And on Jan. 15, the leaders of USCAP - including GE head Jeffrey Immelt and DuPont chairman Charles Holliday - visited Capitol Hill to pitch their carbon-cutting blueprint. With Bush out of the way, it almost seemed likely. (See TIME's "Innovators of Renewable Energy...
...Tuesday, Capitol Hill played host to the historic Inauguration of President Barack Obama, with virtuous talk of bipartisanship, common good and putting aside "childish things" in promising the dawn of a new era in Washington. Less than 24 hours later, it was clear how little had actually changed, as Senators from both parties expressed growing frustration with Obama's top legislative priority, the $825 billon stimulus plan meant to jump-start the nation's ailing economy. (See pictures of President Obama's Inauguration...
...horrible," says a former aide to Ted Kennedy. "It makes him look like he is at death's door." In fact, those close to Kennedy, 76, say that while the Senator is suffering occasional seizures, like the one that sent him to a hospital on Tuesday during the celebratory Capitol lunch for the newly inaugurated President, he is generally doing well. And they add that Kennedy is fully engaged in the effort to pass universal health-care legislation - a cause for which he has fought for decades, and one in which he will play a crucial role as chairman...