Word: plan
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Neighboring residents have mobilized to protest the plan in order to protect their neighborhood that was constructed during the Garden City Movement...
...Give a Democrat a pen ...," grumbled one Republican Senate staffer Monday as he compared Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke's three-page plan to rescue the American financial system to the 40-plus-page proposal they got in response from the Democrats. And by that page ratio alone, it might look to the untrained eye as if Paulson's bailout package was headed for failure, an outcome that spooked markets to another day of stomach-churning 4% and 5% drops on Monday...
...Tuesday's Senate Banking Committee hearing on the bailout may not reassure anyone. Paulson argued that the Bush Administration's plan is "the single most effective thing we can do to help homeowners, the American people, and stimulate our economy." And he stressed that despite fears on Capitol Hill, he does believe there should be some oversight of the unprecedented bailout. But Democrat Chris Dodd of Connecticut declared, "It is not just our economy at risk but our Constitution as well," while ranking minority member Richard Shelby of Alabama, a vocal critic of the plan, said, "I have long opposed...
...Shelby is likely to oppose the plan, but much of its scrutiny on Capitol Hill is, in fact, Congress doing what Congress does, albeit on a massive, once-in-a-lifetime scale. On any given day on the Hill well-heeled lobbyists graft slivers of language onto obscure bills, language that ends up being worth huge amounts to their clients. This week the U.S. financial system is going to be reordered on a scale unseen since F.D.R., and everyone has an interest in that, sometimes to the tune of hundreds of billions of dollars. In the massive bazaar of legislative...
Still, the White House's peace plan has a better chance under Livni than with the more conservative Likud. Netanyahu says he opposes Israel's current peace talks with Palestinians and, through indirect channels, with Syria. Polls show that his hawkish party could scoop up many more Knesset seats if the President calls for early elections. So it is likely, say political advisers, that Netanyahu will make it tough for Livni to cobble a coalition together. Right now, Netanyahu lacks support from other parties that would make it possible for him to form a coalition if she fails...