Word: congressed
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...says he had no idea until March 10 that more bonuses were in the pipeline for AIG FP. The President found out two days later, igniting an internal firestorm of White House indignation as officials scrambled to stem the public-relations damage. And now both the White House and Congress are determined to limit the pay packets of executives of any company that is getting TARP money or other government assistance...
...green jobs, Van Jones, started work at the White House's Council for Environmental Quality on Monday. "There is more action and emphasis than we've ever seen before," says Phyllis Cuttino, director of the Pew Environment Group's Domestic Climate Campaign. "We've seen more commitment from this Congress than we have ever before on global warming...
...Obama Administration has taken a separate approach that would allow the Environmental Protection Agency (EPA) to move unilaterally on regulating greenhouse gases, without the need for congressional action. That process, however, is long and subject to court challenge without a legislative mandate. "It appears that the Administration is letting Congress take the lead while the EPA moves forward with welcome steps to combat global warming, like the proposed rules this week to create a registry for carbon-dioxide emissions," says John Walke, clear-air director of the Natural Resources Defense Council (NRDC). "The EPA has been aggressive...
...Supreme Court decision in April 2007 that said the EPA must decide how to regulate greenhouse gases, upsets many members on Capitol Hill. The EPA "said they have the ability to do this under the law. The law doesn't come from the Supreme Court; the law comes from Congress," Nelson said. "If they want to go, 'Giddyap,' we're in the position to go, 'Whoa,' and pass legislation if necessary. If the administrator wants to ignore the intent of Congress, the administrator takes a sizable risk...
...event, any tax-the-bonuses bill is likely to meet powerful opposition. House Ways and Means Committee chairman Charlie Rangel, Congress's top tax writer, told reporters that taxing the bonuses "is a venting type of thing. I would hope and assume we have alternatives to the tax codes ... When you get angry, you don't think as clearly as when you calm down." He added, "It is tough to me to think of the tax code as a political weapon." Rangel would be a huge obstacle to any such bill, no matter who originates it. Others say this type...