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...likely that the confirmation hearings will reflect the overall tenor of the Senate in this new era. On Friday, Trent Lott and Tom Daschle hammered out a power-sharing arrangement that was approved by both sides. The deal would give the parties equal membership and staffing on the Senate committees--a huge Republican concession, though the G.O.P. would continue to control the chairmanships and, if a committee splits down the middle, have the right to bring bills to the floor for votes. Conservatives grouse that Lott gave away too much. "It's difficult for me to see how two people...

Author: /time Magazine | Title: Confirmation Bear Traps | 1/15/2001 | See Source »

...like cars and appliances. They'll get cheaper as the economy slows and manufacturers try to lure back consumers. Pay off your high-rate debt first and fixed-rate debt ahead of variable-rate debt. As interest rates decline, so will variable rates. Try to build a cash cushion equal to three months' living expenses. That's less important when you are debt free and have access to borrowed money. But no one ever lost sleep because they saved too much...

Author: /time Magazine | Title: Economic Slowdown: How To Navigate The Storm | 1/8/2001 | See Source »

Among the mourners were over 100 Harvard students and around an equal number of students from Horace Mann High School, from which Palmer-Sherman graduated...

Author: By Joseph P. Flood, CRIMSON STAFF WRITER | Title: Friends Mourn Palmer-Sherman | 1/5/2001 | See Source »

...Under the new Senate deal, committees, where the real legislative business is taken care of, will be populated by an equal number of Democrats and Republicans. The GOP will maintain the committee chairs, a nod to the fact that technically they will have a 51-50 advantage after Dick Cheney is sworn in as vice president on January 20. In the case of a death or resignation that alters the 50-50 balance, Lott and Daschle will reexamine the power-sharing scheme...

Author: /time Magazine | Title: Welcome to the 107th Congress. How About a Group Hug? | 1/5/2001 | See Source »

...split among committee seats themselves in order to reflect the nearly perfect balance of power. Senator Phil Gramm, Republican of Texas, is less diplomatic in his dismissal of power-sharing schemes. "We're not 50 to 50," Gramm told the New York Times. "Fifty-one to 50 is not equal...

Author: /time Magazine | Title: What Democrats Want from their 17 Days on Top | 1/3/2001 | See Source »

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