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...meeting in chief of staff Andy Card's office, top Bush aides decided to clear the President's afternoon schedule and dispatched him, grim faced, to the South Lawn of the White House to reassure Americans--and the markets--that he was "deeply concerned." They summoned House Speaker Dennis Hastert and Senate minority leader Trent Lott for the occasion--a deliberate display, says a top aide, "to show that the Republicans remain united." Lott and Hastert stood by as Bush declared, "We've got a plan to get our economy moving so Americans can find work." After he spoke, Wall...

Author: /time Magazine | Title: Is This Your Father's Recession? | 9/17/2001 | See Source »

...speak, you rented your tux yet?" George W. Bush asked House Speaker Dennis Hastert as he walked into the Oval Office a few hours before the state dinner with Mexico's President last week. Bush couldn't resist firing another one at his guest: "Make sure you don't get one of those powder blue ones...

Author: /time Magazine | Title: Bush's (New) Go-To Guy | 9/17/2001 | See Source »

...Hastert served as the moderator, staying mostly silent himself and recognizing others to speak. The faces in the room looked worried and tired. Many had gotten only a few hours sleep the past two nights. And they were still feeling emotional about what the country had been through. "We're not Democrats here and we're not Republicans," Daschle said at one point to the group. "We're Americans. So let's do the right thing." Others nodded their heads to second that sentiment...

Author: /time Magazine | Title: Terrorism Rends Buildings, Unites Congress | 9/16/2001 | See Source »

...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...

Author: /time Magazine | Title: Terrorism Rends Buildings, Unites Congress | 9/16/2001 | See Source »

...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...

Author: /time Magazine | Title: Terrorism Rends Buildings, Unites Congress | 9/16/2001 | See Source »

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