Word: summiteering
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...Geithner's backers note that he took over an office that was drowning in crises and has had to address failing banks; impossible-to-price toxic securities; a continuing auto-bailout program; woes at Citigroup, AIG and other financial houses; a housing crisis; and an upcoming G-20 summit all at the same time. Even his detractors admit that the to-do list is the deepest any Treasury boss has faced in 80 years...
...when they have nothing much to say or want to paper over fundamental differences. They call it "langue de bois" - wooden tongue - and, unfortunately, we are entering a period in which official tongues will be even more thickly wooden than usual. The main reason for that is the summit of world leaders scheduled to take place on April 2 in London. Billed as a crucially important event for the future of the global economy when it was first called just four months ago, it's now clear that this meeting is likely to be anticlimactic at best and, at worst...
...could reach the legislative finish line before health care. There is a broad consensus on Capitol Hill that something needs to be done, and Republicans like John McCain and Lindsey Graham are anxious to get a bill passed this year. And while the Administration has not held an energy summit as it did for health care, Obama has had an easier time hiring and confirming staff on the environmental front than on the economy or health-care fronts. For example, Obama's special adviser for green jobs, Van Jones, started work at the White House's Council for Environmental Quality...
...finance ministers, along with central-bank governors, are meeting this weekend near London to prepare for next month's summit and smooth out their differences. The summit will mark Obama's first visit to Europe since becoming President, and he will take with him a huge aura of expectation. But if leaders cannot agree on a common approach to fighting the crisis, their meeting could be nothing more than a glorified photo opportunity...
...Last June's health-care summit helped spark the closed-door gatherings, which at first involved just six members: Senate Finance Committee Chairman Max Baucus of Montana and the committee's top Republican, Charles Grassley of Iowa; Ted Kennedy and the HELP Committee's top Republican, Mike Enzi of Wyoming; and Senators Jay Rockefeller of West Virginia and Orrin Hatch of Utah, the chairman and ranking member, respectively, of the Finance Committee's Subcommittee on Health Care. In recent months Senator Chris Dodd of Connecticut, a top HELP Committee Democrat, was added as Kennedy's understudy as the Massachusetts Democrat...