Word: pelosi
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...whether Congress, which was planning to adjourn at the end of next week so its members could go home to campaign for re-election, could create such an entity on short notice. On Wednesday the answer from several key lawmakers was no, but on Thursday House Speaker Nancy Pelosi told President Bush she'd keep the chamber in session longer if needed. It's also possible that the Treasury and the Fed could come up with an improvised solution that doesn't need congressional approval. Paulson and Fed Chairman Ben Bernanke visited Capitol Hill Thursday night to talk over...
...bill Tuesday night that would end a 26-year ban on drilling for oil in federal waters 50 miles or more from the Atlantic and Pacific coasts - in a belated attempt to find political shelter from Republican election attacks over gas prices. But even as House Speaker Nancy Pelosi steered the bill through procedural hurdles to passage during the day, Senator John McCain demonstrated the continued power of the issue on the campaign trail...
...then, Pelosi realized she was on the wrong side. She had previously told one interviewer that she wouldn't budge on drilling because she was "trying to save the planet." But a senior aide says that when Barack Obama came out in favor of a pro-drilling compromise emerging in the Senate just before the August recess, "she realized she was going to have to support...
...political terms, Obama's response was late, and Pelosi's even later - drilling had already become a one-hit wonder for the GOP. Although the Democrats succeeded in watering down the bill, limiting drilling to at least 50 miles offshore (the Republicans had sought a 3-mile limit), helping to pass any sort of drilling bill was not easy, after years of reliance on electoral support for conservation over extraction. "It's like a Republican waking up one morning and realizing that suddenly Americans don't want lower taxes; they want higher taxes," said a senior Republican aide on Capitol...
...Pelosi's statement provoked swift response. Washington Archbishop Donald Wuerl issued a statement calling her comments "incorrect," while her own archbishop in San Francisco characterized them as "in serious conflicts with the teachings of the Catholic Church." Pelosi and her archbishop are in the process of setting up a meeting to discuss their differences. But one prominent liberal Catholic privately called the episode "a disaster...