Word: washingtons
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...European monarchy as we have to offer," says Ross Baker, a political-science professor at Rutgers University. "The chairman is subject to the largest numbers of entreaties and colossal deference because everybody has got a tax angle. It means you are paid court by every lobbyist in Washington." (Read TIME's 1970 article about Rangel, "New Man from Harlem...
...expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year...
...continues to struggle with the impression that he is 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...
...their view, the insurance companies were being thrown under the bus. During an Aug. 4 conference call with reporters, Karen Ignagni, lead lobbyist for the industry, described the Democrats' marketing push as a new campaign "launched to demonize health plans" and "the same-old Washington politics of 'find an enemy and go to war.' " Said Ignagni before declaring insurers' support for reform: "Attacking our community will not help get anyone covered...
...With reporting by Karen Tumulty / Washington...