Word: chairmens
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...Bernanke's comments about the recession and his reasons for believing that the economy has hit bottom could have been a mimeograph of a dozen other speeches made by Fed chairmen testifying before Congress in times of crisis over the last forty years. Arthur Burns probably made the same speech in 1973 and put it in an envelope for Paul Volker...
...Despite those doubts, Wyden and Cooper continue to lobby the committee chairmen and ranking members of the five panels that have jurisdiction over the issue on Capitol Hill. "We want to be team players," Wyden says. But they also note that time is quickly running out if lawmakers are to meet their self-imposed deadline of having a bill passed out of both chambers before the August recess. So they are watching the informal negotiations that are underway on both sides of the Capitol carefully. All they need, they say, is the right opening. Or at least a seat...
...Congress has a similar problem. Leadership from the Speaker to committee chairmen are running from one problem to another, hoping to put out fires before new ones flare up. By stretching the capacity of people to do more than a hundred things at one time, the system risks doing none of them well...
...bulk of the bill, are necessary to win votes. "If you're the White House, you have two concerns, just like we do," says the Democratic staffer involved in writing the bill. "I want something that's going to fix the economy and I want something that my chairmen say can pass...
...sponsor of that effort happened to be Senator Obama. "Obama was the one who really became excited about the whole idea," says Craig Holman, a lobbyist for Public Citizen, a group that helped write the bill. "We lost that on the House side, initially. It was largely the committee chairmen who didn't want that in there...