Word: capitols
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...based on interviews with released detainees, families of detainees and their lawyers. Guantánamo: 'Honor Bound to Defend Freedom' opened to wide acclaim, transferred to the West End and was also produced in New York City. Last spring a reading was staged for members of the U.S. Congress on Capitol Hill. "What Nick is about is, 'What can we be doing next?'" says Tricycle general manager Mary Lauder. "'What should we be tackling? What can we change...
...ACTION While Barack Obama was cool, confident and deliberate, John McCain was initially frantic and overheated and seemed as panicked as his advisers--who recognized their campaign could go down the economic drain. Obama was perhaps a tad cautious and reserved but stayed in sync with fellow Dems on Capitol Hill by letting the political benefits of nationwide alarm boost their case. Barring disaster, every aspect of the campaign will now be seen through the lens of the economy, an issue on which Obama and his party are more trusted by voters. Any hope the Republicans may have...
...point to a drop in housing prices of nearly 20% since mid-2006 and say the government's eventual loss could approach $1 trillion. By seeking $700 billion - roughly akin to the cost of the Iraq war (so far) - the Treasury is taking a middle path. But many on Capitol Hill are pushing a proposal to commit an initial sum of $150 billion to $200 billion before handing over the whole...
...possibility of giving the taxpayers a bath." But it also makes for quick and easy implementation. "When you go to a financial institution and say, 'We'd like to buy your bad assets,' they're going to say, 'Let's sit down and talk right this minute.' " Some on Capitol Hill, including Representative Barney Frank, the Massachusetts Democrat who heads the House Financial Services Committee, think the deal is too sweet for Wall Street and are pushing to give taxpayers a piece of equity in the companies they would bail...
Paulson faces other problems on Capitol Hill too. Both parties in Congress are by now deeply skeptical of any new Administration demands for increased executive authority and are vehemently pushing for more oversight of how Treasury will manage the bailout. The Paulson plan is bigger in that regard than just about anything Bush asked for in the war on terror. Section eight of the proposal he sent to Congress says, for example, "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court...