Word: reided
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...happy he was putting them in this uncomfortable position. To complicate matters, House Dems moved more to the left in their environmental demands for the plan, a luxury Speaker Nancy Pelosi could afford since her large majority allows her to pass legislation over Republican objections. Senate majority leader Harry Reid's razor-thin majority does not, and now Washington seems once again on the verge of a bailout blowup that could shake the markets and the economy...
...Reid and Republican minority leader Mitch McConnell both warned that talks may go through the weekend to reach a new agreement. One plan to ease final passage would be to allow two substitute bills, one Democratic and one Republican - cosmetic votes that would fail from the get-go but would give senators the chance to vote for certain provisions near and dear to their hearts that are not in the compromise package. Democrats, scrambling late Wednesday to find a way to get a bill passed, were also considering allowing votes on amendments. "We're trying to see if there...
...quickly, Congress dropped many proposed provisions, such as allowing the car czar to dictate operations at the three companies and forcing the resignation of all three CEOs. "While we take no satisfaction in loaning taxpayer money to these companies, we know it must be done," Senate majority leader Harry Reid said on the Senate floor Monday. "But this is no blank check or blind hope. If the companies fail to develop a plan that will lead to long-term competitiveness and profitability, if they fail to stick to that plan, the loan can be recalled...
...Reid and House Speaker Nancy Pelosi have long wanted to see the money come from the $700 billion bank bailout fund, known as the Troubled Asset Relief Program, or TARP, and have argued against taking money from the modernization fund. Pelosi relented only after Friday's job report - the worst in 34 years, showing that the economy shed more than 533,000 jobs last month. But, having made this concession, Dems said they were unlikely to yield more ground. "This is a bad choice that we have to make. We should be able to use TARP money. The White House...
While none of these Democratic moves would be a problem next month, when the Dems will enjoy a bigger majority in the Senate, right now the GOP still controls 49 Senate seats - and with Obama's seat vacant and Joe Biden and Hillary Clinton not voting, there is little Reid can do without GOP approval. Grim-faced and drawn, lawmakers Monday began parading across the Senate floor to give their views on the measure - the start of what will surely be a joyless run-up to one of the least popular votes of the year. See the 50 worst cars...