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One thing I have always said about my more than two decades of covering the Congress is that I enjoy my job the most when things get done. I don't care which party is in charge or not in charge. Covering debates where legislation is actually being approved - instead ...
Yet another high profile nominee of President Obama has been forced to amend tax returns and pay back taxes to Uncle Sam. The latest is Kansas Gov. Kathleen Sebelius, who is Obama's nominee for Health and Human Services Secretary. She amended her returns - after they were reviewed by a hired accountant - ...
Senators heard from three different watchdogs who are trying to keep tabs on the status of the Wall Street Bailout money on Tuesday. Their stories made you wonder. It's not that they aren't up to the job - they certainly seemed ready to ferret out waste, fraud and abuse if ...
As the House and Senate work on next year's budget outline, the partisan growling is getting louder over the use of the "reconciliation" process for items like health care reform. Reconciliation is a special expedited process for budget and tax issues, where no filibusters are allowed in the Senate. And ...
I was going to title this blog, "One Last Chance," but then I decided that even if General Motors and Chrysler don't give the feds a plan that passes muster, the two companies might still have a few of their nine lives left. But Monday's announcement by President Obama sure ...
Here is the text of President Obama's announcement today on future aid for US automakers. Remarks of President Barack Obama--As prepared for deliveryAnnouncement on the Auto IndustryMarch 30, 2009Washington, DC One of the challenges we have confronted from the beginning of this administration is what to do about the state ...
Here is part of the Obama Administration's review of the future viability of General Motors released today by the White House. General Motors is in the early stages of an operational turnaround in which the Company has made material progress in a number of areas, including purchasing, product design, manufacturing, ...
Here is the summary from a White House document released today on the future viability of Chrysler. It basically says the company's restructuring plan fell short of expectations. The Plan that was submitted by Chrysler on February 17, 2009 reflects some progress that has been made under current management but ...
As President Barack Obama leaves for his first oveseas trip since taking office, you can rest assured his travels will dominate the news in coming days. First stop for Obama and his much talked about entourage will be London, for an economic meeting of the G-20 nations. What do you ...
Today brings the first in what is truly a Washington, D.C. sport during the Obama Administration, that being a special election in the Congress, that has both parties working hard. The seat in play is in upstate New York, a more conservative district that went to the Democrats in 2006. ...
This past week, more conservative voters were fired up by an exchange between Rep. Michelle Bachman and Treasury Secretary Timothy Geithner. I guess I found myself somewhat puzzled by the whole buzz, since it didn't really seem to include any knockout punch or anything remotely like it. Bachman, well known ...
The news on Sunday night that the White House was basically forcing out the head of General Motors was just the tip of the iceberg when it comes to change for GM and Chrysler. As the clock ticked towards midnight, more details leaked out about what the Obama Administration wants ...
It's an important week on the budget for President Obama, though much of what he does in coming days will overshadow that issue. This evening, Mr. Obama will meet behind closed doors with House Republicans at the Capitol, looking to cement their support for a budget outline that mirrors his ...
As President Obama gets ready to announce new US measures on Afghanistan today, there's clearly a different feeling among Democrats about this military operation. From the beginning, there was distinct resistance in Democratic ranks about going after Saddam Hussein and the War in Iraq. At the same time, Democrats pestered ...
I will guarantee you that most people had never heard of budget "reconciliation" until the last week or so. And you will hear a lot more about it coming weeks. "Reconciliation" is a term for a specific budget process in the Congress that puts a tax and spending bill on ...
It's been interesting watching the debate over needed reforms to the financial system, mainly because it is reflective of where both parties are at politically in 2009. Many Democrats like the idea of increased oversight and regulation of the financial industry, pointing to examples of how a lack of regulation ...
With a minimal amount of changes, the Obama Budget outline is now on its way to the full House and Senate for votes next week. After the House Budget Committee gave the plan approval late Wednesday night, the Senate Budget Committee followed on Thursday, with another party line vote. The ...
The big story of the day is a new plan being laid out by Treasury Secretary Timothy Geithner before the Congress on increased regulation of the financial system. Instead of giving you the highlights, I will append the press release from the Treasury Department and let you see what you ...
What a difference a week makes. One week ago, the U.S. House was in a lather over those controversial bonuses at AIG. Today, all of that will be on the back burner as the Treasury Secretary returns to Capitol Hill. Instead of answering questions about AIG bonuses, Secretary Timothy Geithner will ...
Monitoring the House and Senate Budget Committee debates on the Obama budget Wednesday was like listening to a bunch of kids point fingers at each other over who took the other's toy. Democrats lectured the Republicans. Republicans lectured the Democrats. Democrats blamed the Bush Administration for a lack of fiscal ...
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