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...chairman of the Senate Banking Committee from 1995 through 2000, Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played the leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act that separated commercial banks from Wall Street, and he inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives such as credit-default swaps from regulation by the Commodity Futures Trading Commission (CFTC). (See who's to blame for the current financial crisis...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...USCAP has redefined what is possible," said Jonathan Lash, the president of the World Resources Institute. "If the diverse membership of USCAP can find common ground, Congress can agree on effective legislation...

Author: /time Magazine | Title: Raising the Bar on Fighting Climate Change | 1/23/2009 | See Source »

...place whenever a new President occupies the White House. Already he has been lobbied by pro-life religious progressives who urged him to wait a few weeks before issuing the Executive Order. The progressive group Catholics United participated in Thursday's March for Life, carrying a banner that read "Congress Reduce Abortion Now." The shifting ground in the abortion debates means he has more allies willing to work with him on abortion-reduction strategies such as efforts to expand access to contraceptives and provide economic supports for pregnant women. But it also means he has more supporters who expect their...

Author: /time Magazine | Title: Shhh. Obama Repeals the Abortion Gag Rule, Very Quietly | 1/23/2009 | See Source »

...First won elected office in 2006, when she beat a four-term incumbent Republican 53% to 47% for a seat in Congress representing an area from the Upper Hudson Valley north into the Adirondacks. The 2006 race got personal and nasty: a domestic-violence-related police report about her opponent was leaked late in the race, accusations flew that Gillibrand actually lived in a New York City apartment, and both sides ran numerous negative TV commercials. Gillibrand was re-elected in 2008 with 62% of the vote - more than $10 million having been raised for that contest. Her district...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

...member of the Democratic Blue Dog Coalition, a group of 49 members of Congress who espouse fiscal conservatism with a mission of "appealing to the mainstream values of the American public...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

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