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...dread looking at Wall Street tomorrow. It's not going to be a pleasant sight," Senate majority leader Harry Reid said with a twisted smile, both hands gripping the top of the lectern on the Senate floor late Thursday evening, before a compromise plan passed by the House on Wednesday went down to predictable defeat on the Senate floor by a vote of 52 to 35 (failing to meet the 60-vote threshold to cut off a filibuster). The last time Congress failed to pass a bailout plan that most had assumed was a done deal, the Dow Jones industrial...

Author: /time Magazine | Title: After Auto-Bailout Blowup, Will Bush Take the Wheel? | 12/12/2008 | See Source »

...while on Thursday, however, it looked like it might not come to that. After steadfastly refusing to negotiate in the beginning of the week on a plan they believed wouldn't force the Big Three to seriously restructure, Senate Republicans, led by Bob Corker of Tennessee, engaged in a marathon session of talks. By late in the day, it seemed like they might be amenable to a plan that would involve the automakers slashing their debt by March 31 and forcing the United Autoworkers Union to accept wage cuts that would put them on par with employees of foreign automakers...

Author: /time Magazine | Title: After Auto-Bailout Blowup, Will Bush Take the Wheel? | 12/12/2008 | See Source »

...Cambridge Center doesn’t work,” asked Flores in reference to the current plan to rent out the Brattle Street space on weekend nights for social events, “would you, as a member of a finals club, be willing to open up finals clubs to the community...

Author: By Elyssa A. L. Spitzer, CONTRIBUTING WRITER | Title: Apathy Marks UC Town Hall Meeting | 12/12/2008 | See Source »

...care reform failed largely because of his prickly, grandstanding personality, which alienated lawmakers and would-be allies. If anything got passed, says Duffett, legislators "knew the governor would get credit for it." There was also the misguided audacity of his political tactics. He tried to fund his health-care plan, for example, in a budget that included one of the largest proposed tax increases in Illinois history. He lost that battle in humiliating fashion, garnering not a single vote in the state house of representatives. His attempts to privatize Illinois' downtown office property failed miserably as well...

Author: /time Magazine | Title: The Fall of the House of Blagojevich | 12/11/2008 | See Source »

...trust of folks from every angle of this issue: doctors, nurses and patients; unions and businesses; hospitals and advocacy groups, all of whom will have a seat at the table as we craft our plan." - Barack Obama, on why he chose Daschle to be Health and Human Services secretary, Los Angeles Times...

Author: /time Magazine | Title: Incoming HHS Secretary Tom Daschle | 12/11/2008 | See Source »

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