Word: congression
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...this new era, everybody must begin to account for his or her behavior. Wall Street executives cannot get fat on paper profits from powder-keg transactions. Government regulators cannot take long lunches to toast the invisible hand. Investors cannot expect new bubbles to bailout their busts. Congress cannot send home boondoggle pork projects while whining about government spending. And the President of the United States shall no longer have the liberty to dodge the big issues. He will have to lead by example and make the hard choices. (See who's who in Obama's White House...
...Everyone in this chamber - Democrats and Republicans - will have to sacrifice some worthy priorities for which there are no dollars," Obama told Congress, in one typical expression of the Responsibility Era. "And that includes...
...Congress and the White House now face a limited set of options, especially as they struggle to maintain the president's priorities, which include more spending for education, health care and energy reform. They can pare back the spending plans, propose further tax increases, or hope that the CBO got the projections wrong and the economy does not deteriorate any faster than already expected. "I think it's easy to exaggerate fluctuations in the deficit projections, which are driven by small changes in underlying assumptions," Orszag told reporters. "I also recognize that despite that, the CBO numbers are going...
...Obama's central theme is being tested. The discussion is now likely to return to the promise Obama made last month, when he told Congress that he was willing to "sacrifice some worthy priorities" to make his budget responsible. White House aides say that the president has already made significant sacrifices by scaling back his campaign promises in the current budget. To make the numbers balance under a rosier outlook, Obama shrunk the size of the "Make-Work-Pay" tax credit by 20%, to $800 per family. He slowed down his foreign aid spending plans, scrapped a plan to reduce...
...some also blame the ruling Congress Party for playing politics with sport. IPL chairman Lalit Modi is known to be close to the opposition Bharatiya Janata Party. Some BJP leaders have pointed out that states where the Congress or its allies are in power were the ones that denied security for IPL matches. "Cricket could have done without such politicization," says New Delhi-based cricket commentator G. Rajaraman, who holds Congress responsible. "Only Congress-ruled states said they could not provide security," he says, citing the examples of Delhi and Andhra Pradesh. "Only one match would be played...