Word: reided
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...Reid, Harry •summertime stench of D.C. tourists' B.O. is noted...
...Friday, lawmakers on the House Banking Committee will get their second round with the Big Three. And if the hours of grilling in the Senate seemed tough, they are sure to face much more skepticism from the lower chamber of Congress. Senate Majority Leader Harry Reid and Pelosi have said that if both committees approve of Detroit's recovery plans, they will call Congress back into session next week to pass a bill. Of all the compromises open to lawmakers, one thing is nearly certain: the bigger and more complicated the plan, the less likely it is to pass...
...article. Warren did not return requests for further comment yesterday. She said that flat wages, low savings, and high debt have left American households in financial limbo over the past few years. Warren, who was appointed to the four-member oversight committee by Senate Majority Leader Harry Reid, said that asking the right questions will be crucial to moving the economy out of the crisis. “Our role is to make sure that the right questions are asked as early as possible,” Warren said of the part her panel for the oversight of the bailout...
...House Speaker Nancy Pelosi and Senate majority leader Harry Reid said two weeks ago that if the banking committees in both chambers approve the Big Three's recovery plans, they would consider reconvening the full Congress for a vote. But hashing out terms of what would amount to an unofficial Chapter 11 reorganization is highly unusual and unwieldy for Congress, especially one that's a lame duck. The Executive Branch is better built to handle such talks, and the incoming Obama Administration is looking at all options: using money from the $700 billion Wall Street bailout, which many Democrats have...
While Harry Reid, Nancy Pelosi and other congressional Democrats mull an auto-industry bailout plan, it's worth recalling a pair of Republican legislators from the past. One of the most derided pieces of 20th century economic policy was introduced by Senator Reed Smoot of Utah and Representative Willis C. Hawley of Oregon. Signed into law on June 17, 1930, the notorious Smoot-Hawley Act jacked up U.S. tariffs on more than 20,000 imported goods, sparking a global trade war that deepened the Great Depression at home and spread it abroad...