Word: emanuel
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...moved to curb bailed-out execs' pay, banks are on track to pay employees a record $140 billion this year. Andrew Hall, a star trader at Citi's commodities unit Phibro, made headlines for what could be a $100 million payout. "Frustrating," said White House chief of staff Rahm Emanuel with a sigh, appearing on CBS's Face the Nation...
Rumpled and round, he was intensely cerebral, with a deeply speculative mind that focused on more than just business. He was involved in liberal politics, employing both Vernon Jordan and, for several years, Rahm Emanuel. And he loved the media. The brother of deceased playwright Wendy Wasserstein, he edited his college newspaper as a teenager, interned at Forbes magazine and, over the past decade, assembled and sold American Lawyer Media, founded The Deal and acquired New York magazine...
...been busy. On Wednesday, Geithner and White House chief of staff Rahm Emanuel met with House Democrats on the Financial Services Committee, pushing them to accept the deal Geithner had negotiated with committee chairman Barney Frank, which includes new powers for regulators and the Federal Reserve to limit risk among the nation's biggest financial institutions, and to dissolve those institutions in an orderly way if they fail. At the same time, the Senate is moving ahead with its own bill, with talk of a markup in Connecticut Senator Chris Dodd's Banking Committee before Thanksgiving. Treasury has even held...
...acceptance by Afghanistan's President Hamid Karzai that ballot fraud has stripped him of his first-round re-election victory potentially removes the last obstacle cited by the Obama Administration to sending thousands more U.S. troops into the war. White House chief of staff Rahm Emanuel said over the weekend that reinforcements could not be sent until the allegations of electoral fraud had been resolved, because the U.S. counterinsurgency strategy depends on defending a legitimate government. But the Afghan electoral commission's ruling that, after fraudulent ballots were discarded, Karzai had failed to win an outright majority in the first...
...Watching over Reid throughout - and applying pressure when needed - will be Rahm Emanuel and his team at the White House, which, in addition to the chief of staff, will include White House legislative director Phil Schiliro; Nancy Ann DeParle, head of the White House office on health reform; Office of Management and Budget director Peter Orszag; and deputy White House chief of staff Jim Messina. Emanuel and Schiliro practically lived in Reid's offices during the passage of the stimulus legislation and this will be a much harder lift. "This bill's not perfect and we have...