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...vanity of the Fed, the Treasury, and those building the budget in Congress and the Administration is not that they refuse to doubt that the fruits of their work will remake the economy; It is that they will not admit that the economy has even the smallest chance of remaking itself. That, in a phrase, is what is at the heart of the debate over how the recession will end and why. (See pictures of the Top 10 scared traders...
...hearings on Wednesday, members of Congress sharply questioned Secretary of Homeland Security Janet Napolitano on the possibility of virtually sealing off the border with Mexico. Said Republican Senator John McCain in a statement, "I continue to believe that all available options to end this crisis must remain under consideration, including closing the border if it would prevent further transmission of this deadly virus...
...humanitarian organization that combats hunger, praised the students in the audience for demonstrating their interest in global health. Leach commended the strides the United States has made in assisting impoverished nations, but warned that “progress is being threatened” by a lack of communication in Congress. Robert Paarlberg, a political science professor at Wellesley and an associate at Harvard’s Weatherhead Center for International Affairs, drew a distinction between the emergency aid that the United States effectively distributes on a periodic basis versus the sustained assistance that Africa needs. “Even when...
...budget that just passed both houses of Congress has given the prospects for health-care reform this year a big boost. With the inclusion of procedural language that would make it impossible for opponents to filibuster, it will now take a simple majority to pass the Senate, rather than 60 votes, simplifying the political arithmetic considerably...
Indeed, many pollsters believe that one of the incidents that worked to the BJP's advantage was Congress Party president Sonia Gandhi's speech at a 2007 rally in which she referred to Modi as a maut ka saudagar - a merchant of death. Riding on outrage, Modi won re-election in Gujarat for a third term as Chief Minister. "Gujarat is one state that has been very touchy about Modi and anything written or spoken about him," says Mumbai-based poll analyst Jai Mrug, adding that Gandhi's remark rejuvenated the Hindu vote in the state in favor...