Word: chairman
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Dates: during 2000-2009
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Current Fed chairman Ben Bernanke has had to explain himself on Capitol Hill a lot more often than that. As Bernanke waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook...
...hard to tell whether the Fed is in any actual danger from its congressional critics. The Administration's proposals for regulatory reform would, on balance, give more power to the Fed than it has now. And House Financial Services Committee chairman Barney Frank remains a staunch Fed defender. "When you have a terrible mess, it is unlikely that those who attempt to alleviate the danger will come out looking clean," he said in Bernanke's defense this morning. Then again, Frank said, the congressional griping will likely continue until the economy begins to show marked signs of improvement - because...
...Reportedly made Phillip Bennett, former chairman of financial-services company Refco, cry during his 2008 trial for fraud. Bennett was sentenced to 16 years in prison for cheating investors out of $2.4 billion. (See pictures of TIME's Wall Street covers...
Before he was governor of Vermont, chairman of the Democratic National Committee or a presidential candidate, Howard Dean was a family doctor. But don't expect him to weigh in on the health-reform debate in a soothing bedside manner. He's packing plenty of vitriol for both critics of President Obama's health-care proposals and the special interests jockeying for seats at the negotiating table. The former governor talked to TIME about his new book, Howard Dean's Prescription for Real Healthcare Reform, political wrangling over bills circulating in Congress and why bipartisanship is for suckers...
...governors. The recession has drained state coffers of tax receipts, even as public need for state safety-net services is growing. According to the Center for Budget and Policy Priorities, at least 48 states are facing shortfalls totaling $166 billion - 24% of their total budgets. Rendell, the outgoing chairman of the NGA, was unable to attend the Biloxi meeting because he had to stay in Pennsylvania and struggle with the legislature to find a way to plug a $3.2 billion fiscal hole...