Congress

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Forget Blago: Rangel Plagues Obama
 Forget 
 Blago: 
 Rangel 
 Plagues Obama 
analysis
Dec 12, 2008 11:12 AM CST

Forget Blago: Rangel Plagues Obama

Key congressman's probe could hurt Obama's agenda

(Newser) - The Blagojevich mess may appear more damaging, but the bigger concern for Barack Obama is the scandal surrounding Charles Rangel, who is under scrutiny for a number of questionable dealings, writes Gerald Seib in the Wall Street Journal. Blago may soon be out of Obama’s hair, but Rangel's status...

Auto Deal Fails in Senate Over UAW Wage Cuts

(Newser) - A bid to provide emergency aid to automakers failed in the Senate tonight, the Washington Post reports. Negotiators nearly completed an 11th-hour deal but got hung up on union wages. Republicans wanted immediate cuts, and Democrats sought to delay them until 2011. "We're not going to get to the...

No More Bailouts, Detroit or Otherwise: Learn the Lesson

Yes, there will be pain, but saving irresponsible companies bad for US future

(Newser) - Given the failure of the Wall Street bailout, to think doing the same for Detroit would help the auto industry and America in the long run is fantasy, Kevin O’Brien writes in the Cleveland Plain Dealer. The only thing that will help is to feel the pain. “No...

House Approves Auto Aid; Senate Prospects Are Iffy

(Newser) - The House tonight passed a $14 billion rescue plan for GM and Chrysler, but the measure's fate in the Senate remains uncertain, the New York Times reports. The bill passed 237-170, largely along party lines. Republicans in the Senate have vowed to block or at least delay its progress because...

Proposed Law Pushes College Football Playoffs

Bill proposed to do away with controversial BCS process

(Newser) - A flustered Texas lawmaker has decided to fix the college football ranking system that he says "constantly misfires" in sending the two best teams to the championship, the AP reports. Rep. Joe Barton is introducing a bill that would "prohibit the marketing, promotion, and advertising of a postseason...

Rangel Inquiry Expands to Donor Concerns

Rep. faces allegations he fought tax loophole in funding tradeoff

(Newser) - A House ethics committee broadened its probe into Charles Rangel over concerns the New York Democrat fought a tax loophole in exchange for a $1 million donation to his policy institute. The subcommittee has been investigating Rangel’s personal finances since September over several other corruption allegations; now, it looks...

House Likely to Vote on Auto Bailout This Afternoon

Senate likely tomorrow; GOP has harsh words

(Newser) - The House is ready to vote on a $15 billion bill to rescue GM and Chrysler as early as this afternoon, the Detroit News reports. The Senate, meanwhile, is likely to vote tomorrow morning. “My understanding is it is done, but the piece of paper is not before the...

White House, Dems Agree on $15B Auto Deal

But key Republicans threaten to block measure in Senate

(Newser) - Democrats reached a tentative deal with the White House on a $15 billion rescue plan for GM and Chrysler, but unsatisfied Republicans threatened to block the deal, the Detroit Free Press reports. The measure could be presented to the House tomorrow morning and passed in the afternoon. But the Senate's...

US May Take Big Stake in Big 3

Draft bill creates 'auto czar' for firms' reorganization

(Newser) - As a $15 billion auto industry rescue takes shape, the terms of the plan would give government a major stake in the Big Three and allow it to guide a bankruptcy-like restructuring process, the Wall Street Journal reports. Under the terms of draft legislation, the US could take shares worth...

Big 3 Bailout Plan Goes to White House
 Big 3 Bailout Plan 
 Goes to White House 
UPDATED
Dec 8, 2008 3:38 PM CST

Big 3 Bailout Plan Goes to White House

Measure has provision for watchdog, but other questions remain

(Newser) - A draft of the multibillion-dollar bailout agreement for the Big Three automakers went from Capitol Hill to the White House this afternoon and found a chilly reception, the AP reports. The draft legislation calls for a government watchdog appointed by the Bush administration to oversee the companies' operation, but its...

Indicted La. Rep Jefferson Loses to GOP Newbie

Victor becomes first Vietnamese-American in Congress

(Newser) - An election delay caused by Hurricane Gustav likely helped tip the vote away from scandal-plagued Louisiana Rep. William Jefferson, whose nine-term Congressional career came to an unexpected end yesterday, the Times-Picayune reports. Republican newbie Anh "Joseph" Cao unseated the 2nd district’s incumbent African-American Democrat in an election marked...

Democrats, White House Haggle Over 'Car Czar'

(Newser) - As White House and congressional negotiators work out the details of aid to the Big 3 automakers, they've hit a stumbling block over the need for a so-called "car czar," the Washington Post reports. The White House wants to appoint a powerful trustee from within the Commerce Department...

Dem Leaders Say OK to Auto Bailout Plan

Shocking jobs figures prompt lawmakers to support rescue

(Newser) - Democratic lawmakers will bail out the Big Three with billions of dollars in loans after all, the New York Times reports. Their change of heart, which comes after 2 days of auto exec hearings, was inspired by today's news that half a million Americans lost their jobs last month. Congress...

Minn. Recount Wraps Up; Review Begins

Coleman holds 192-vote lead; 5K ballots challenged

(Newser) - The Minnesota Senate recount is complete, but the state won't have a winner anytime soon. Not only are 133 ballots missing in Minneapolis, but the state canvassing board has yet to convene to review thousands of challenged ballots. The meeting is set for Dec. 16. Norm Coleman holds a provisional...

Auto Bailout Must Be Paid Back: Bush

Bush supports some aid, but it must be done his way, he warns Dems

(Newser) - Using the word "recession" for the first time to describe the US economy, President Bush today demanded that Congress adopt his approach to an auto bailout and require car companies to pay back any federal aid. But he displayed skepticism about the wisdom of new aid, saying he is...

Automaker Bankruptcy Would Be 'a Disaster': Frank

Debate rages on auto bailout

(Newser) - The CEOs of the Big Three are back on Capital Hill this morning testifying before the House Financial Services Committee, and Barney Frank at least seems sympathetic. The chairman said bankruptcy “would be a disaster,” given the current credit markets and today’s dire job report, adding that...

Lame-Duck Senators Could Swing Auto Vote

Ten ousted or retiring Republicans have potentially historic role

(Newser) - If the Senate votes next week on a $34 billion auto-industry bailout, 10 of the votes will come from lame-duck Republican senators—a potentially decisive margin. Having been ousted in November or planning to retire, they’ll have their say on a potentially historic bill without having to worry about...

Barney Frank: At the Center of the Storm

Mass. congressman "vilified," but sticks to his guns

(Newser) - At the center of Washington’s financial crisis, Barney Frank has been called a “left-wing zealot”—but the congressman, while he’s admitted mistakes, has long been canny and courageous in his positions, writes Maureen Tkacik in Boston magazine. Amid much talk of the “moral hazards” in...

Dodd Endorses Big 3 Bailout as CEOs Hit Hill Again

Senate Democrat enlisted to work on compromise package

(Newser) - Sen. Chris Dodd welcomed the Big Three CEOs back to the Senate Banking Committee today by declaring his support for an auto bailout, the AP reports. Chariman Dodd said inaction would be akin to playing “Russian Roulette with the economy.” He praised the automakers for making a better...

UAW Bends to Boost Bailout

Concessions meant to help Big Three win financial help from feds

(Newser) - The United Auto Workers agreed today to concessions that may help Detroit get $34 billion in federal assistance, the Detroit News reports. The union’s job bank—which pays eliminated employees 95% of their base salaries—will be suspended, and the UAW will delay billions in payments to its health...

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