Word: pass
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...pool, the U.K. reckons, could simply encourage banks to behave recklessly, safe in the knowledge they'd be covered for any damage. Germany's proposal is different. Having had to nationalize or buy stakes in a string of beleaguered banks since the crisis began, the German government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves...
...fact not surprising to anyone who has followed the healthcare reform battle in the last year is that the Patient Protection and Affordable Care Act, now signed into law, managed to pass through both chambers of Congress without a single Republican voting “Yea.” In comparison, another landmark bill passed 75 years ago, the Social Security Act of 1935, passed the House 372 votes to 33, with 81 Republicans voting in support. Thirty years later in 1965, the Medicaid and Medicare amendments were added with a House margin of 307-to-116, with 70 Republicans...
...Granted, this time around the agitator is the much more media-friendly Republican Senator from Oklahoma, Tom Coburn, who - unlike Bunning - is not known for flipping off reporters. Before the Senate adjourns for a two-week Easter recess on Friday, Democrats are hoping to pass another one-month extension of benefits - the yearlong extension has been held up as differences are worked out with the House - to tide over the unemployed until lawmakers can pass a more permanent solution. Coburn's objection is the same as Bunning's: that Democrats are not paying for the $10 billion bill. "I think...
...totally dug in their heels. They have actually agreed to proceed with a vote on the unfunded bill - but most Republicans are expected to vote against the bill, and Dems will need at least one Republican to reach the magic threshold of 60 to overcome Coburn's filibuster and pass the bill. Even if they managed that, however, it'll take at least until Sunday evening to procedurally bypass the filibuster, and many Senators are impatient to go home or depart on long-planned trips abroad (the security for which is expensive to rearrange). (See pictures of companies in Austin...
...carbon tax had been plagued with troubles from the start - including the near refusal by rightist legislators to pass it until the Elysée whipped them into line in November 2009. A month later - just days before it was set to take effect - France's Constitutional Council struck the law down because it unlawfully applied measures to consumers while exempting French companies, by far the biggest carbon emitters. Sarkozy pledged to widen the measure to include businesses. But that only mobilized France's employers' lobby. With the voters finally having had their say, Sarkozy has decided to shelve...