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...shaky fortunes of the ailing U.S. auto industry, appearances could hardly have been more deceiving than they were Wednesday on Capitol Hill. Late in the day, the House of Representatives passed by a wide margin of 237-170 a bill to give General Motors and Chrysler $14 billion in emergency loans from a green modernization fund that Congress created earlier this year. (Ford is in better shape and has not asked for short-term emergency assistance.) But behind the scenes, things looked pretty dire for the Big Three's hopes of a rescue...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...seemed hard to envision a solution. In an eerie replay of the events that led to the initial Wall Street bailout flop, congressional Democrats got the White House's blessing on a bill only to discover (yet again) that the outgoing President doesn't carry much weight on Capitol Hill. "The White House does not vote in the Senate," said one Senate GOP aide. "It's offensive to many congressional Republicans that they'd choose working with a lame duck than with their colleagues." (Many Democrats counter that the door was always open to the Republican Senators - but that they...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...yield more ground. "This is a bad choice that we have to make. We should be able to use TARP money. The White House doesn't want to do that. So we have to use money that is designated for an innovative purpose," Pelosi tersely told reporters on Capitol Hill Monday evening...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

Meanwhile, Rangel, 78 - one of the most recognizable and beloved figures on Capitol Hill - has gone to war with his hometown paper, particularly after its editorial page urged him to step aside as chairman while the ethical questions are being investigated. "His temporary yielding of the gavel is an urgent necessity for a Democratic Congress elected two years ago on promises of an ethical housecleaning," the New York Times editorialized in September. Earlier this week, after the paper published even more serious allegations, Rangel wrote a scathing letter to the editor denying that he had done anything improper with regard...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

Beltway News. Over six years and $621 million in tax dollars in the making, the Capitol Visitor Center opened on Dec. 2, featuring exhibits on how Congress works (or doesn't), plus artifacts like Thomas Jefferson's confidential letter to Congress asking it to fund Lewis and Clark's expedition. All tours of the Capitol will now begin and end at the Visitor Center. Admission and tours are free; make reservations online in advance, as tours fill up quickly...

Author: /time Magazine | Title: Travel News: Great Places to Skate this Season | 12/7/2008 | See Source »

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