Word: congressed
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...Browner led a campaign to have Congress reauthorize the Safe Drinking Water Act and spearheaded the Food Quality Protection Act, which modernized standards that govern pesticide use, one of the first environmental laws to specifically protect children's health...
...that it would run out of money by the end of the month and Chrysler not far behind, the pressure is now firmly on the Bush Administration to find a way to provide $14 billion in short-term loans to keep the companies on life support until a new Congress and the incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize the teetering banking system...
...lectern on the Senate floor late Thursday evening, before a compromise plan passed by the House on Wednesday went down to predictable defeat on the Senate floor by a vote of 52 to 35 (failing to meet the 60-vote threshold to cut off a filibuster). The last time Congress failed to pass a bailout plan that most had assumed was a done deal, the Dow Jones industrial average dropped 777 points in one afternoon. The stock market on Friday morning was down only modestly, however, most likely reflecting Wall Street's expectation that Bush will step...
...failed compromise bill crafted by Senate Democrats and the White House would have taken $14 billion from a green modernization fund passed by Congress earlier this year - a move at first ardently opposed by House Speaker Nancy Pelosi. "We think the legislation we negotiated provided an opportunity to use funds already appropriated for automakers and presented the best chance to avoid a disorderly bankruptcy while ensuring taxpayer funds only go to firms whose stakeholders were prepared to make difficult decisions to become viable," said Tony Fratto, a White House spokesman, responding to the vote. "We will evaluate our options...
...Davis also made a revelation of sorts. "Look, the last thing I thought I was going to be doing in September was lobbying Congress," he said. Davis, who normally makes a living as a registered lobbyist, had met with members of Congress to talk about the bailout. But at the time, the McCain campaign maintained that the meetings were informational and did not constitute lobbying...