Word: congressed
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...firm from the TARP program. The problem with that plan is Citigroup may need more money than the Treasury could inject into the firm. Paulson only has $60 billion left of the initial $350 in TARP funds that he can spent without having to face a review from Congress. More importantly, the government does not want to end up owning Citigroup. Then taxpayers would be on the hook for all of the bank's debt. So the most the government could invest in Citigroup would be $20 billion, which is the amount equal to what is held by current shareholders...
...press conference last week the leaders of the solar, wind, geothermal and hydropower industries called on Obama and the incoming Congress to look ahead. First, energy leaders asked Obama to immediately adjust the alternative-energy production credit to provide green investors with a cash rebate, rather than a tax reduction. With the economy tanking, simple tax credits - which Congress renewed in October and without which the renewable-energy industry would not survive - aren't the lure they once were for companies looking to invest in new energy projects...
...Attempts at cloning haven't stopped at the nonhuman animal kingdom: scientists have long speculated about cloning humans as well, but for the most part, ethical considerations have prevented any such notions from being put into practice. President George W. Bush urged Congress to enact legislation banning human cloning in 2002 after being "deeply troubled" by rumors that a Canada-based UFO cult had announced the birth of a successfully cloned baby girl. Though the claims were never substantiated, Congress passed the Human Cloning Prohibition Act in 2003. Congresswoman Sue Myrick, who supported the act, claimed that "anything other than...
Auto Industry •failure of leaders of to convince Congress to give lots of money...
...relations with Reno and the six independent-counsel probes she had initiated, Holder had been viewed as someone they could deal with. The deputy had successfully urged Reno not to launch a seventh probe into questionable fundraising practices by Clinton in his 1996 re-election campaign, resisting pressure from Congress and DOJ career lawyers. Holder, in fact, looked like he was being groomed for the top job if Reno decided to step down before Clinton left office. Now his bright prospects dimmed. Clinton allies questioned how he could have recommended Starr to run the most threatening of all investigations...