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Sarkozy emphasized economic development and cooperation as the key to cementing the peace, reiterating an earlier proposal that the DRC, Rwanda, Uganda and Burundi pursue agreements to share resources and pursue joint development of their energy, transport and telecommunications infrastructure. The region's prospects for peace, Sarkozy said, would be...
But Baucus has been surprising almost everyone, most notably by the zeal with which he is tackling what could be the toughest challenge of all: overhauling the health-care system to provide coverage for the more than 45 million Americans who lack it and to bring soaring costs under control...
"Not only do [the House and Senate versions] embody the four key principles that the President has put forward for the budget, but they are 98% the same as the budget proposal the President sent up in February," White House Office of Management and Budget Director Peter Orszag told reporters...
"Do you realize how radical your proposal is?" Republican Congressman Donald Manzullo of Illinois asked Geithner during an appearance Thursday in front of the House Financial Services Committee. "You're talking about seizing private businesses."
Geithner argued that the power is needed to ensure that a floundering firm doesn't start a domino collapse among other companies doing business with it, thereby posing what regulators call "systemic risk" to the whole economy. "This is a prudent, carefully designed proposal to protect our financial system," Geithner...