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...Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like TARP to be the answer every time there's a crisis. And it may be the best opportunity Shelby has in the remainder of his career to get a major piece...
...Administration's arguments for the substance of their proposals mask political concerns as well. With Obama's health-care reform and cap-and-trade legislation facing uncertain futures, the White House may need a win on one big issue by December. "What's [the media] going to say about Obama's first year?" says another top regulatory official. "If I were the Administration, I'd want to get to the Rose Garden with something, something that looks significant." (See the top 10 key players in health-care reform...
...soft on Wall Street, having come from the New York Fed (and having played a part in the crisis dealings with Lehman Brothers and AIG last fall), which is considered more sympathetic to the financial industry than some Washington overseers. To truly succeed as Treasury Secretary, insiders say, Geithner needs to show not only that he can rescue the industry but that he can tame it as well...
...Needless to say, rooms are in very tight supply during university terms, so time your visit with the major holidays, which last roughly from mid-June to mid-October, mid-December to mid-January and mid-March to mid-April. Accommodation can also be booked at Cambridge, Durham and Canterbury universities, among others. See www.universityrooms.co.uk for more...
...much the same reason, another focus of insurers is the provision to provide federal subsidies to lower-income Americans to help them afford coverage. If subsidies are not sufficiently large enough, insurers say, many Americans would opt not to buy coverage. AHIP favors subsidies to Americans earning up to 400% of the federal poverty line, the same level of subsidies in both the House and HELP bills. The Senate Finance Committee, the lone remaining committee with jurisdiction over health care yet to produce a bill, hasn't announced which subsidy level it will support. But in an effort...