Word: congresses
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...offering its big banks $692 billion in capital in return for preference shares. U.S. Treasury Secretary Henry Paulson announced this evening that the U.S. is working on a plan to go this route, saying that it intends to use some of the $700 billion rescue package passed by Congress to pour money (with some strings attached) into any bank that needs funds. But Japan and E.U. countries like Germany have been reticent...
...When Congress approved the $700 billion rescue plan, it also passed one of the most significant mental-health bills in U.S. history - the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008. It requires group insurance plans to cover mental illnesses the same way as physical ones (no more higher co-pays, deductibles and limits on hospital stays). For more than a decade, Senator Peter Domenici pioneered the fight for such legislation. Last year, the 76-year-old Republican announced he suffers from a degenerative brain disease and would not seek another term...
...think perceptions, both in Congress and among your constituents, have changed since you first introduced this issue in 1996? Now when I'm finished with a speech and I'm mingling around - even if the meeting were oil and gas operators in Dallas, Texas - almost always somebody will come up and say, "Hey, keep with it, Pete, I've got a nephew..." Or, "My uncle Billy had this..." In other words, it is more prevalent than you think. Out of almost any crowd somebody will tell you a story about their family. Those kinds of things are always coming...
...credit markets can function again. Kashkari's job is pivotal; how long Kashkari will hold on to it isn't clear. Treasury Secretary Hank Paulson intends to work with whoever is elected Nov. 4 to name a permanent head of the rescue program, get that person confirmed by Congress and install him or her on the job as soon as possible...
...There’s a very powerful higher education lobby that circles the wagons,” Welch said. “But what I see is that more members of Congress on both sides of the aisle are growing increasingly concerned about what they see as [the] runaway cost [of] tuition...