Word: financees
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The yellow caution light has come from the Congressional Budget Office, the fiscal scorekeeper for everything proposed on Capitol Hill. In recent days, the CBO has issued preliminary estimates suggesting that both major bills in the Senate - including the one being worked on by the Health, Education, Labor and Pensions...
The first thing to bend in the face of this new realization is the accelerated, ambitious schedule that key committees have set for themselves. Senate Finance Committee chairman Max Baucus, who had breezily told reporters as recently as June 16 that he would have a bill ready by the end...
Those skills would come in handy now. So far, there are few indications that the HELP Committee will come up with a strong bill that sets the tone for the debate that will follow on the Senate floor. On the contrary, it now increasingly looks like the HELP Committee will...
What's more, all their ideas and competing plans may be creating a bit of sensory overload. "I started reading a couple, three of the Republican plans, but frankly, there's only so much time in the day," says Senate Finance Committee chairman Max Baucus, who is authoring one of...
To Boston University finance professor Zvi Bodie, another frequent debating partner of Siegel's, this entire discussion is beside the point for most Americans. "He could be right," he says of Siegel's argument that stocks are a good deal right now. "I'm just more risk-averse than he...