Word: congressed
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...this point, the new Congress and administration seem likely to use $825 billion in aid and $350 billion in TARP money to bring down the tax burden, salvage troubled mortgages, and create a great series of public works projects. These programs are supposed to create over three million jobs as they build energy, education, IT, medical, and broadband infrastructure. Getting the capital for these into the system means running them through government agencies and into the private sector. Many of the projects will operate in regulated parts of the economy like the health care system, so they will be subject...
...taking over 25 banks in 2008, up from just three the year before, and auctioning them off to the highest bidder. Its chairwoman, Sheila Bair, who was early in warning about rising foreclosures, has become a key policymaker in helping resolve the nation's financial crisis. At her urging, Congress in October upped the limit on FDIC insurance, albeit temporarily, to $250,000 from $100,000. The agency is staffing up too, and plans to hire as many as 125 new staffers over the next few months. (See pictures of the global financial crisis...
...Obama's stimulus package does not include refundable credits, though they could be included in later legislation. O'Brien, who works on government relations and is based in Washington, says some in Congress worry that making the credits refundable would set an uncomfortable precedent. But if the government truly wants to change the energy sector - and make green jobs more than just green rhetoric - refundability is the way to make sure the solar industry doesn't go dark...
There are a lot of trends going on that should be scaring the daylights out of the Republicans. Democrats are on the upswing in their control of Congress, in state legislative seats, in rural areas. It's all the way up and down the ballot...
...adviser at the French Embassy in Washington during the stormy period from 2001 to 2006 - says the current swipe at Roquefort will prove less economically threatening than the Iraq-triggered American public boycott of France's wines in 2003 - and shorter-lived than the deportation of French fries from Congress' menu. "Even from this administration, I was astounded by such a grotesque, petty and inefficient gesture in its last hours in office," Mistral says. "No U.S. sector benefits from this, and there's no way the E.U. will reverse its ban on hormone-raised beef that consumers here...