Word: congresses
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...banks, backstopping the commercial-paper market (which companies use to raise short-term money), trying to bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke went out of his way recently not to object to the possibility of further fiscal stimulus from Congress. In other words, the Fed is throwing everything but the kitchen sink at avoiding a deflationary spiral, and it's doing so more quickly than its counterparts in Tokyo did a decade ago. Disinflation - diminishing inflationary pressure across the board - is healthy for the U.S. economy. Deflation is something...
...sincerely hope that Stewart and Colbert can find a way to successfully navigate the transition from Bush to Obama, but more importantly, I hope that the Democratic Party can transform itself from opposition into leadership. Since winning control of Congress, Democrats have not handled their newfound power as gracefully as possible—though admittedly there have been considerable obstacles posed by a hostile executive branch. Now, with the Senate, the House, and the Presidency all in Democratic hands, there are no more excuses. The laughs are over. It’s time to get serious...
...Before working in the Clinton White House, Emanuel worked for Chicago Mayor Richard M. Daley. He was first elected to Congress in 2002, and is the fourth-highest ranking House Democrat...
...guarantees that the way we pay for our politics will never be the same - and money and power tend to flow as one. A new generation of voters is about to show us whether they dropped in to visit or intend to stay. The Democrats in Congress were handed greater power despite abiding unpopularity; we'll now see whether they understand that it's a loan, not a reward. And the repudiation of President Bush and his allies ensures that the conservative movement will have to sit in a circle, hold hands, light some incense and figure out what...
...taking bribes of up to $450,000 per month from drug traffickers. Among information leaked to the cartels had been details of U.S. Drug Enforcement agents working in Mexico, officials alleged. The U.S. government has continually expressed support for Calderón's fight against drug cartels, and Congress has voted to support that battle with some $400 million per year...