Word: congression
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...Sept. 29 of this year, as investors and traders reacted to Congress's rejection of the bailout plan presented by Treasury Secretary Hank Paulson, the stock market sell-off was dramatic: the Dow fell nearly 7% that day, a one-day drop that has been matched only 17 times since the index's birth in 1896. From its peak last October, the Dow has fallen more than...
...Given the immensity of the crisis, a Congress-approved bailout may be just a short-term fix. But a short-term fix is better than no fix. If nothing else, it would signal to the world that - unlike in 1930 - the U.S. is doing what it can to avoid financial calamity and sidestep Depression...
...Congress...
Then the Democrats: Trust us! Now that we've taken back Congress, Washington is going to change. We'll end the war, get the lobbyists out of the back rooms, show the country we know how to govern...
...disaster was imminent but that the evidence had to remain secret were reminiscent of antiterrorism officials who raised the threat level to orange but refused to tell us why. Even the old claim of a rare bipartisan agreement didn't move the needle, chiefly because the approval rating of Congress has drooped to the teens...