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...Sen. Gregg could be an excellent Secretary of Commerce. He understands the problems business faces and the dangers that further tax increases and regulation mean for business and the nation. He would no doubt have to speak loudly if he wants his voice heard in an Obama Cabinet." -Joseph McQuaid, publisher of the New Hampshire Union-Leader, in an editorial published...

Author: /time Magazine | Title: Commerce Secretary Judd Gregg | 2/4/2009 | See Source »

...same party as the senator leaving office. But an unexpected vacancy should not be an opportunity for a governor to change the Senate’s balance of power through a partisan political ploy. Though this situation has not arisen in recent years, it nearly occurred in 2006, when Sen. Tim Johnson (D-S.D.) suffered a major stroke. Had Sen. Johnson died, Mike Rounds, the Republican governor of South Dakota, would have appointed a Republican to the vacant seat, thereby delivering the majority in the Senate back...

Author: By Anthony P. Dedousis | Title: Amendment, Not Appointment | 2/3/2009 | See Source »

...political support or fundraising help. As Governor Blagojevich crudely put it, “a Senate seat is a [expletive] valuable thing, you don’t just give it away for nothing.” Governor Paterson took this lesson to heart; his eventual choice of Sen. Kirsten Gillibrand was designed to shore up his support from upstate New York voters as the 2010 gubernatorial election approaches...

Author: By Anthony P. Dedousis | Title: Amendment, Not Appointment | 2/3/2009 | See Source »

...Fortunately, Sen. Russ Feingold (D-Wis.) has recognized the wisdom of such a change. This week, he will introduce a constitutional amendment that would end gubernatorial appointments of interim senators, instead mandating the replacement of senators through special elections. Given the public outcry surrounding the Senate appointments in New York and Illinois, Sen. Feingold’s amendment has a reasonable chance of passing. It would fulfill the legacy of the 17th Amendment, which instituted the direct election of senators in 1913. Like its century-old forebearer, the proposed amendment furthers the voters’ ability to choose their leaders...

Author: By Anthony P. Dedousis | Title: Amendment, Not Appointment | 2/3/2009 | See Source »

...Early last year, Democratic Congressman Barney Frank of Massachusetts saw the opposing trends and wanted to add an extra $30 million to the kitty, while Sen. Jack Reed, a Rhode Island Democrat, and other Senators wanted to ante up another $50 million. This year, the House approved an SEC budget of $928 million, while the Senate approved $938 million, a 2% to 3% increase, which is greater than the 1% hike former chairman Christopher Cox requested from the 2008 budget of $906 million. The final budget, part of the government's "Continuing Resolutions," has yet to be approved...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

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