Word: congression
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Citigroup (C) has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury's reaction will probably be that it wants to stay out of a fight with Congress and avoid negative public opinion and will turn the request down...
...swine-flu virus continued its gradual global march on Tuesday, prompting countries to strengthen efforts to stem its spread, while President Barack Obama asked Congress for $1.5 billion in supplementary spending to prepare for a possible swine-flu pandemic and installed the newly confirmed Secretary of Health and Human Services, Kathleen Sebelius, to help lead the fight against the disease. In the U.S., the caseload rose to 67 across five states - 45 of them in New York City, where health officials are investigating two new possible outbreaks at city schools - with more virus samples awaiting laboratory confirmation. New Zealand...
...number of cases in the United States ballooned to 69 yesterday. The outbreak has already infected 1,600 citizens and claimed 150 lives in Mexico, the country where it originated. Effects of the potential pandemic could be felt across the U.S. as President Obama requested $1.5 billion from Congress to combat the virus, and California Governor Arnold Schwarzenegger declared a state of emergency after the virus infected more than 10 Californians and is currently being investigated for any role in the deaths of two others. As the death toll continues to rise, public health officials are not optimistic about...
...office barely 24 hours when he declared a four-day bank holiday and drafted the Emergency Banking Act, which helped calm a financial panic that was quickly spiraling out of control. By the time he hit the 100-day mark, Roosevelt had instituted the "fireside chat" tradition, called Congress into a three-month-long special session and passed 15 pieces of major legislation - the beginning of what would come to be known as the New Deal - which created everything from the Tennessee Valley Authority to the Federal Deposit Insurance Corporation. With farm credits, federal works projects and new financial regulations...
...much as they would enjoy some retribution, most congressional Democrats also understand the perils of pursuing it too doggedly. There's a reason, after all, why the Democrats, upon winning back both chambers of Congress in 2006, didn't indulge in impeachment trials (though House Judiciary Committee Chairman John Conyers would have liked nothing better): everyone remembers the price the GOP paid for its zealous pursuit of President Bill Clinton in the 1990's. And if Dems are going to overreach, they'd rather it be in the service of trying to achieve a policy goal like universal healthcare...