Word: hastert
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...most important economic policymaking council in Washington these days may well be the private and informal one that has convened twice lately around the conference table in House Speaker Dennis Hastert's suite in the Capitol. The faces at the table include four other congressional leaders of both parties, White House economic adviser Larry Lindsey, Bill Clinton's Treasury Secretary Robert Rubin and Federal Reserve Chairman Alan Greenspan. When they first met, eight days after the Sept. 11 terrorist attacks, Greenspan cautioned the group not to rush to revive the economy until they had time to measure the full effect...
...Congress certainly hasn't. The House and Senate have only begun to wrestle with how they might shuffle their organizations to support homeland defense. Democrats and Republicans in the House have appointed task forces to begin mulling homeland defense. House Speaker Dennis Hastert took a working group he had formed earlier this year on terrorism and has converted it into an intelligence panel subcommittee on homeland defense. That will likely serve as a place holder until a permanent committee might be established...
...event the teetering-on-the-edge travel industry had been anticipating for weeks: George W. Bush's plan to make air travel safer. House Speaker Dennis Hastert and Transportation Secretary Norman Mineta flew United into Chicago?s O?Hare airport to join Bush for a stump speech that had one stated goal: to get America flying again...
...second item on the agenda was money. There would be no arguments: A truce had been called in the bitter political war over dipping into the hundreds of billions of dollars piling up in the Social Security surplus. They'd dip into the fund. The men huddled in Hastert's office debated how much would be needed. The White House already had told Congress it wanted $20 billion to help rebuild the damaged Pentagon, deal with the New York catastrophe and bolster security. But $20 billion might not be enough, one of the leaders said. "You're probably right," Lott...
...evening before, Vice President Dick Cheney had handed Hastert a joint resolution authorizing the use of force. The leaders discussed whether Congress should go even further and approve a declaration of war. "Wait a minute," one of the leaders in the Hastert meeting said. "You realize the insurance companies won't pay." Silence in the room. It was true: Most insurance policies are written in a way that exempts the companies from paying for damages in a declared war. Congress, suddenly, was faced with a stark realization. A declaration of war could end up allowing the insurance companies to wiggle...