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...During the Q&A that followed, Maryland Democrat Paul Sarbanes accused Greenspan of "making a considerable contribution to that dissipation" with all this surplus talk, but then followed that with a major faux pas: "I take it interest rates will be reduced further next week?" (Greenspan only smiled behind his hand, and the betting remains that Sarbanes is right.) The dissipation - Greenspan bemoaned in particular the pork-barrel parade at the end of October's budget negotiations - is a Hill thing, and there the responsibility stays. The message: If Bush's tax cut busts the budget, it'll be your...

Author: /time Magazine | Title: Greenspan's Brave New World Has Room for Bush's Tax Cut | 1/25/2001 | See Source »

...more than enough sound bites out of the day's hearings to get his go-ahead - maybe more than he was expecting. But he also got some clear parameters as to how the tax cut ought to be done - and what sort of rhetoric should properly accompany it. The Democrats are still looking for ways to kill the cut's momentum, and Sen. Hillary Clinton, in full-on, uncoiffed, out-of-the-spotlight mode, talked about a "balanced approach" and "necessary spending" just long enough to make herself sound smart and score a few Democrat points along...

Author: /time Magazine | Title: Greenspan's Brave New World Has Room for Bush's Tax Cut | 1/25/2001 | See Source »

...While GOP leaders are confident they've locked up their party's 50 votes in favor of Ashcroft, no one is absolutely sure how many Democrats are considering giving him the green light - although West Virginia's Robert Byrd, Georgia's Zell Miller and North Dakota's Kent Conrad and Byron Dorgan have all expressed their intentions to confirm. One Democrat on the committee, Senator Dianne Feinstein of California, doesn't need the extra week to make up her mind about Ashcroft; she has already announced her opposition to the nominee, citing his "ultra-right-wing" record on hot-button...

Author: /time Magazine | Title: Why Did Dems Stall Ashcroft Nomination? | 1/24/2001 | See Source »

...choice members of Congress and leaders of family planning organizations reacted with predictable fury. "President Bush is starting out on a very bad foot," said New York House Democrat Carolyn Maloney. "Every day, at least 1,600 women and girls die from the complications of pregnancy and childbirth. Bush's decision to impose a gag rule is a pure legislative ambush, and the victims of this ambush are the world's poorest women and girls." And Gloria Feldt, president of Planned Parenthood, was equally vociferous: "It is evidence of the hard-line agenda on reproductive health and rights that...

Author: /time Magazine | Title: Bush Acts on Abortion 'Gag Rule' | 1/22/2001 | See Source »

...Less than 24 hours into his former rival's administration, the Arizona senator appeared on NBC's "Meet the Press," where he informed host Tim Russert that he is urging the new president to consider the campaign finance reform bill he co-sponsored with Senator Russ Feingold, Democrat of Wisconsin. The invitations will be polite at first, of course. But McCain made it clear that if no move was made by Easter, he and Feingold will try to attach the bill to Bush's policy agenda any way they...

Author: /time Magazine | Title: McCain Throws Down the Gauntlet | 1/22/2001 | See Source »

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