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Jose Manuel Durao Barroso, president of the European Commission, called for an alignment of U.S. and European interests in an “Atlantic agenda for globalization” at a lecture on the evolving relationship between the United States and the European Union yesterday. The lecture, entitled ?...
"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...
Paulson knows this as well as anyone. He and his team had been working on his proposal for more than six months, in the event that more piecemeal approaches like the bailout of Bear Stearns or the takeover of Fannie Mae and Freddie Mac didn't stop the bleeding. When...
To be sure, there's no shortage of grousing on Capitol Hill on both sides of the aisle. Democrats are happy to paint Republicans and the Bush Administration as disproportionately interested in Wall Street fat cats. But the Dems also know that they can come out on top by passing...
Not everyone will go along. A bloc on the far right of the Republican Party will say no because they are philosophically against it (and because they are from securely red districts or states); Kentucky Senator Jim Bunning, using his typically heightened rhetoric, went so far as to call the...