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...Senators on the panel did agree on one thing: that any money would not come without some strings. "It's happening with the [$700 billion bank-bailout] program, where there is no strategy, and we're just throwing money out there," said Senator Bob Menendez, a New Jersey Democrat. In addition to monthly updates on the Big Three's progress, many members of Congress want an oversight board or a single trustee to be empowered to win concessions from employees, retirees, dealers and creditors that are essential for any long-term restructuring plan to work...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...three said they had carpooled or drove themselves and planned on driving back. "Where'd you stay? What'd you eat?" Dodd, a Connecticut Democrat, quipped...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...closest Senate race in history - for an open New Hampshire seat in 1974 - was so tight that the candidates had to hold a second election. After Republican Louis Wyman beat Democrat John Durkin by just 355 votes, a recount gave Durkin the lead - but by only 10 votes, which meant another recount. This count gave the election back to Wyman - by two votes. Durkin asked the Senate - which had a convenient 60-vote Democratic majority - for a review of the results. Despite six weeks of debate, the Senate couldn't resolve the matter, and the two candidates agreed...

Author: /time Magazine | Title: Recounts | 12/4/2008 | See Source »

...Minnesota race; in some states, a candidate can request a recount, finance it and be reimbursed with public funds if the recount reverses the vote. (Recounts do not come cheap: one of the most famous in recent history, for Washington governor in 2004, cost the state Democratic Party $730,000. When the recount gave the election to Democrat Christine Gregoire, the initial loser, the state paid the party back. The final margin: 133 votes out of more than 2.8 million cast...

Author: /time Magazine | Title: Recounts | 12/4/2008 | See Source »

...changed his mind, say Floridians who know the committed conservative, is that he fears last month's election calamity could dilute the ideological purity of the Republican Party. In an interview this week with Newsmax.com, Bush, 55, the outgoing President's younger brother, warned the GOP against becoming "Democrat lite. We can't just 'get along.'" Despite his disdain for Washington, the Senate would at least "give Jeb a bully pulpit," says a friend. That could help him keep his party from falling too far into the centrist, bipartisan hands of new Republican leaders like his successor, Florida Governor Charlie...

Author: /time Magazine | Title: Why Jeb Bush Might Run for the Senate | 12/4/2008 | See Source »

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