Posts Tagged ‘ us congress ’

McCain, More Critical of Bailout Plan, Faults Oversight

Sep 23rd, 2008 | By David Harper | Category: Election 2008

Aides to Senator McCain, the Republican presidential nominee, said it was too soon to say whether he would oppose the plan being hashed out by the Bush administration and Congress, noting that the final details had yet to be presented. But Mr. McCain repeated his calls to add several provisions that the administration has opposed, including a guarantee that taxpayer money would not be used to enrich the executives of failing companies.



Bailout Plan Talks Advance in Congress

Sep 23rd, 2008 | By David Harper | Category: United States

While Congressional leaders in both chambers said they were confident that they could reach a quick deal, it was also clear that Bush administration officials would face rough questioning and that initial support for the bailout had begun to fray. Some Democrats said they simply did not trust the president. Conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the right-leaning CNN anchor.



Democrats Set Bailout Conditions as Treasury Chief Rallies Support

Sep 22nd, 2008 | By David Harper | Category: United States

“Congress will respond to the financial markets crisis by taking action this week in a bipartisan manner that will protect the taxpayers’ interests,” House Speaker Nancy Pelosi said. She added that the administration’s proposal did “not include the necessary safeguards. Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation.”



Holding Mr. Rove in Contempt

Sep 17th, 2008 | By David Harper | Category: Opinion

Congress’s investigation of the Justice Department is of the utmost importance. It now seems clear that the department, under Attorney General Alberto Gonzales, operated as a partisan political actor, using its prosecutorial authority to help the party in power win elections. That was a grave abuse, which undermined American democracy.



Democrats Try to Break Grip of the Senate’s Dr. No

Jul 28th, 2008 | By David Harper | Category: United States

Engineered by Senator Harry Reid of Nevada, the Democratic leader, the bill includes 35 of the most irresistible-sounding measures stuck on the docket, including the Mothers Act and the Protect Our Children Act, and aims to embarrass Senator Coburn into dropping his procedural objections to the measures.