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...Committee has its own China bill, which would also make it harder for the Treasury to avoid labeling China as a currency manipulator. While the two committees have wrangled over jurisdiction in the case, Senate Finance Committee Chairman Max Baucus has accepted amendments from Sen. Debbie Stabenow, the Michigan Democrat, who co-authored the Banking Committee's bill, and says he does not see the turf battle as "a big issue at all. We are both striving for the same goal...

Author: /time Magazine | Title: Congress Takes On China | 7/27/2007 | See Source »

...opposition. The only Senator to dissent during the Commerce Committee's hearing was Jim DeMint, the South Carolina Republican, who complained that American business would be more competitive if Senators stopped "attacking China" and instead reformed torts, America's "Byzantine tax system" and its excessive regulation of business. Washington Democrat Maria Cantwell, meanwhile, was the only Senator to vote against the Finance Committee's bill, arguing it would be "interpreted as protectionism" by the Chinese, and could prompt them to retaliate by selling some of their vast amount of American treasury bonds...

Author: /time Magazine | Title: Congress Takes On China | 7/27/2007 | See Source »

...Senator Jay Rockefeller, the top Democrat on the Intelligence Committee, who was involved in the briefings at the time of the hospital visit, said the so-called Gang of Eight - the eight top bipartisan members of Congress on intelligence issues - were not briefed about any sunset the program was facing, as Gonzales claimed. He also emphatically refuted Gonzales' statements that there was more than one program under discussion at the time and that the Gang of Eight had agreed the program was so important that if it had been allowed to lapse they were considering emergency legislation...

Author: /time Magazine | Title: Gonzales Digs a Deeper Hole | 7/24/2007 | See Source »

...opening statement, Gonzales underlined all the important work the department is still engaged in, highlighting its hunt for sexual predators and its role in the war on terror. But when asked by Senator Herb Kohl, a Wisconsin Democrat, if his presence is more detrimental than helpful Gonzales said: "Ultimately, I have to decide is it better for me to leave: I've decided to stay and fix the problem and that's what I'm doing," he said over guffaws from hearing attendees. "We're bringing in good, experienced people. We've changed policies, we've been made aware with...

Author: /time Magazine | Title: Gonzales Digs a Deeper Hole | 7/24/2007 | See Source »

...Later, when Senator Diane Feinstein, a California Democrat, asked how many names were on the list of U.S. attorneys to be fired that he approved, he said he couldn't recall. "After all this time and all of the investigations into this, I find it hard to believe you can't remember," Feinstein quipped. "I'll have to get back to you on that," Gonzales said...

Author: /time Magazine | Title: Gonzales Digs a Deeper Hole | 7/24/2007 | See Source »

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