Word: congresses
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...discussion, entitled “Financial Crisis: How did we get here? What’s next,” focused on the bailout proposal currently faced by Congress and the possible measures to ensure greater future market stability...
Stewart, Jon •Congress is deservedly excoriated...
...promises to be a nail-biter, and by Thursday evening, the White House and Congressional leaders were still not convinced that they had secured the additional 12 votes to guarantee passage. With the outcome still uncertain, the business community has launched a full-court press of every member of Congress, reminding fence sitters like the Blue Dogs of provisions in the bill help their parts of the country. "Some of them are from states that are affected by the state sales tax deduction [a measure that makes sure the seven states without income taxes do not lose money under...
...Former Texas Rep. Charlie Stenholm, once a leading Blue Dog, says if Democrats want to maintain and grow their majority, they must take the Blue Dogs' fiscal conservative demands seriously. "If they don't you will see one of the largest turnovers of Congress in 2010," Stenholm says. "Blue Dogs that do not vote for fiscal responsibility, they'll be held accountable in their districts. Blue Dogs didn't get elected by beating liberal Democrats, they got elected by beating moderate and conservative Republicans, so those seats will flip if constituents aren't satisfied...
...Democrats who changed their minds? For starters, the business community, which apparently assumed the bill would pass easily the first time around, waged a fierce lobbying campaign to drive the point home that the crisis was not limited to Wall Street. Lobbyists underlined to every member of Congress that small businesses and consumers were already having serious trouble getting loans and that the entire economy could completely freeze up if nothing was done. Representatives surely heard the same message directly when they went home to their districts after Monday's debacle, as many of the same constituents who had been...