Word: congression
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Paulson, Henry M., Jr. •proposal that Congress give him $700 billion to use however he wants with absolutely no oversight offered...
With those two distracting presidential contenders down in Mississippi for their first debate and safely out of the picture, negotiators for all sides started the weekend ready to get back to work on a package to rescue the ailing financial system. But what confronts the members of Congress trying to craft an agreement is a more confusing array of options than before...
...members will not back down from their insistence that the proposal undergo a major redesign. "If such consideration is not given, a large majority of Republicans cannot - and will not - support Sec. Paulson's plan," Boehner wrote. "In the interest of the men and women we represent in Congress, I hope it does not come to that conclusion...
...authority, or possibly be required, to both buy some troubled assets and to insure them. One aide involved in the negotiations said that some estimates suggest such a plan would be only half as expensive as Paulson's initial proposal. Most importantly, it would allow wary members of Congress to say they didn't give the Administration such a huge share of taxpayer money, even if Treasury ultimately decides to use most...
...Paulson, but not mandate that he use it. "I do not see why the secretary cannot accept some of those (insurance and/or loan provisions) among the options he has to choose from," Pelosi said. Congressional officials believe they have until Monday morning to come up with a package. Congress is preparing to work into the weekend with the aim of passing something by the end of Sunday, or at least having the deal locked down and then holding a vote Wednesday after the Jewish Holidays...