Word: congressed
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...famously deliberative body, where the filibuster power ensures that it takes approximately 60 votes to get just about anything done, the Democrats' majority of 50 means they must lure at least 10 Republicans across the aisle on most bills. This hurdle is even steeper in the current lame-duck Congress, given Barack Obama's resignation and the pending exits of both Joe Biden and Hillary Clinton (though sources say that in extreme circumstances, Biden and Clinton might consider returning for a vote). Add to that some Democratic defections, such as Montana Senator Max Baucus, who has declared his opposition...
...months in, and already $16 billion in the hole. That's how much the Treasury's Troubled Asset Relief Program (TARP), which was approved by Congress in early October, has already lost on its investments, according to a TIME analysis. (Read the top 10 financial collapses...
...Also out on Wednesday was a report by an oversight board appointed by Congress to evaluate Treasury's economic-rescue efforts. The board, which is headed by Harvard law professor Elizabeth Warren, criticized Treasury for failing to set up a program to monitor the effectiveness of TARP. In particular, the oversight board said it was important for Treasury to institute a method to determine whether the banks receiving government funds are using the money to make loans. "American taxpayers need to know that their money is having a tangible effect on improving financial stability, credit availability, and the economy...
...Charles Goodyear patented the process of vulcanizing rubber, inadvertently ushering in an entirely new era in contraception - condoms as thick as bicycle tires and still considered reusable. But getting one's hands on this newfangled "technology" became a whole lot harder in 1873, when Congress passed the Comstock Law, prohibiting the transportation of obscene material like prophylactics and pornography...
...right now. I think I'll leave it to Chris Matthews to figure out whether or not he wants to jump in the [Pennsylvania] Senate race. Right now I'm having a lot more influence on the national debate than I did as a member of Congress. But you never know what's going to happen down the road...