Word: reided
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Some see this as a smart move. Last week, Senate majority leader Harry Reid, a Democrat from Nevada, sent a letter to Treasury Secretary Timothy Geithner urging him to consider giving TARP funds to more small banks, even those that might fail without government assistance. "Comparatively modest assistance from the government now could make a significant difference to these banks, their customers, and their communities, as well as help ensure the fledgling recovery we are seeing in our economy continues," wrote Reid...
...Everyone should understand that it is just the beginning," said Senate majority leader Harry Reid. "There'll be some changes before the markup starts, and then there'll be some changes during the markup." (See 10 players in health-care reform...
...that's the problem. Despite hopes - and promises by the Democratic leadership - that the Senate would tackle cap-and-trade legislation this fall, it's looking increasingly as if the U.S. will go to Copenhagen with no national carbon caps in place. Senate majority leader Harry Reid told reporters on Sept. 15 that the Senate might have to wait to act on cap and trade until after tackling health care and banking reform. "We still have next year to complete things if we have to," he said...
...Reid's spokesperson backed off those comments the next day, indicating that the schedule hadn't yet been set, but with the health-care debate threatening to stretch from now until the end of the world, it's becoming increasingly difficult to see how cap and trade could be finalized before the Copenhagen summit begins in December. And given how controversial cap and trade remains even among many Democrats in the Senate - Republicans remain almost unanimously opposed - action in the election year of 2010 might be even tougher. (Watch a TIME Climate Central video...
...more immediate concern will be the negotiations in Copenhagen. Since Reid's comments, environmental groups have been getting calls from foreign embassies suddenly unsure of where the U.S. stands on a global deal. What they want to avoid is a replay of the negotiations over the Kyoto Protocol back in 1997 - the U.S., led by then Vice President Al Gore, agreed to long-term carbon-emission reductions, only to be repudiated later 95-0 by the U.S. Senate...