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...billion for infrastructure investments - would make their way into the economy within two years of enactment. While some Democrats defended the study, saying it did not look at large parts of the bill, it was still a topic of some contention at the caucus' weekly lunch meeting on Wednesday. "If [the CBO report] is right, it is a cause for concern," said Senator Ben Nelson, a Nebraska Democrat, after the meeting. "I'm troubled if the bill doesn't create jobs, if it's not an investment that creates or retains jobs...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...Senate Budget Committee chairman Kent Conrad said Wednesday the Senate version should take the CBO report into account and focus more on job creation. "One thing I think we have to look at is a redirection of some of this money," he told reporters tersely after the caucus meeting, "to things that will have more of an immediate effect." The Senate Appropriations Committee postponed its markup of the Senate version until next week after negotiators said they wanted to revisit some provisions...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...host the Senate and House leadership of both parties on Friday. He has also pledged to, at their request, meet with House Republicans next week, so they can propose their ideas for the package. Despite the growing rumblings of both parties in the Senate, majority leader Harry Reid on Wednesday reiterated his pledge that Obama will have a bill to sign into law by President's Day on Feb. 16. But the question remains: Whose arms will the postpartisan President have to twist the hardest, Republicans' or Democrats...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...first reports that Caroline Kennedy had withdrawn her name came early Wednesday evening, and they touched off a frenzied effort by her camp to deny it. Her terse statement, issued shortly after midnight, cited unspecified "personal reasons" for her decision to notify New York Governor David Paterson that she no longer wanted to be considered for the post...

Author: /time Magazine | Title: Ted Kennedy's Circle Upset by Caroline's Awkward Exit | 1/22/2009 | See Source »

...aide also provided a chronology of Caroline Kennedy's decision to withdraw from the race. According to him, as late as Wednesday morning, the daughter of former President John F. Kennedy had been given every indication that she would receive the appointment to the Senate by Governor Paterson. During the afternoon, however, she became aware of what he described as an unspecified "personal situation." She called Paterson to inform him that she was withdrawing her name from consideration, but the governor asked her to reconsider that decision, which she did. (See pictures of J.F.K.'s presidential campaign...

Author: /time Magazine | Title: Ted Kennedy's Circle Upset by Caroline's Awkward Exit | 1/22/2009 | See Source »

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