Word: capped
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...through a $787 billion stimulus package and doubled down on the Bush Administration's financial-crisis remedies, which seem to have prevented an economic crash. He is making quiet but substantial progress on education reform; his energy policy will probably be all carrots and no sticks - that is, no cap-and-trade program for carbon emissions - but it will provide a significant boost to green-energy industries. And despite the screechers of summer, he seems likely to pass a universal-health-care plan...
...White House doesn't want to repeat the mistake made by former President Bill Clinton with the Kyoto Protocol by agreeing internationally to emissions cuts that have no support at home. That means Obama has to wait for Congress to act - and although the House passed a carbon cap in June, there's little chance of the Senate acting on the bill before the end of the year. That leaves Obama - and global climate negotiations - at the mercy of U.S. lawmakers. "We want a comprehensive package, and we're doing everything we can to make that happen," said Obama...
...draft wind-energy plan. This plan would allow wind farms to be constructed in state waters along the coast, away from environmentally sensitive areas. The federal government is also actively supporting wind projects throughout the country. Plus, the Waxman-Markey bill—if passed—will cap carbon dioxide emissions. The blueprint for wind-energy production has been put in place. It is time to start making more definite plans...
...agree on concrete measures to limit bonuses, admitting that many of their recommendations were virtually unenforceable. Sarkozy, who has threatened to walk out of the G-20 meeting if there is no agreement on regulating bonuses, was also forced to abandon his initial call for a precise salary cap. By the end of the summit, he suggested that the best solution would be stricter rules on capital levels - a proposal that has already been made by the Financial Stability Board, a group of central bankers and regulators that has been tasked by the G-20 with formulating a plan...
CLIMATE CHANGE The House passed a controversial cap-and-trade emissions plan in June. Its fate in the Senate is uncertain...