Word: congression
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the government's bailout of the financial system. Elizabeth Warren, a Harvard professor and longtime critic of the banking industry, heads the COP. Also testifying before the panel will be Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist...
Under the Emergency Economic Stabilization Act (EESA), which was passed by Congress in October 2008 and which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg...
...What is curious about [the ruling] is that this has been done under a Congress still in support of the Defense of Marriage Act,” she said. “D.C. is not a state, it is a federal territory, which means there is a direct conflict between what the D.C. standard is and what federal...
...stirred - would not be as radical a maneuver as Republicans claim. Created in 1974, reconciliation has been used 21 times, mostly by Republicans, who employed it to, among other things, pass two sets of George W. Bush's tax cuts. Reconciliation has often been the way that Congress has made major rewrites to health care policy; for instance, the COBRA program that allows people to continue buying their employers' coverage after they leave their jobs gets its name from the acronym for the Consolidated Omnibus Budget Reconciliation Act of 1985. (See the top 10 health care reform...
Obama finally laid down his demand for action in a speech on March 3 at the White House. "No matter which approach you favor, I believe the United States Congress owes the American people a final vote on health care reform. We have debated this issue thoroughly, not just for a year but for decades," he said. "I have therefore asked leaders in both houses of Congress to finish their work and schedule a vote in the next few weeks." (See the top 10 players in health care reform...