Word: congresses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Democratic Congress is perceived by the public to have accomplished almost nothing. What do you say to this? Kyle Victor Stich, CHICAGO...
...raised the minimum wage, made college more affordable with the biggest bill since the GI Bill was signed in 1944, passed a historic energy bill with emission standards. But we didn't end the war, and I think that's why people have a negative view of Congress...
...need of domestic-policy credibility, Paulson has grabbed the rudder of a $14 trillion national economy churning its way through a maelstrom. There's always a danger in attributing too much economic impact to one government official, and Paulson certainly shares responsibility with Federal Reserve Chairman Ben Bernanke and Congress - and with his boss, President George W. Bush. But if there is one person whose actions right now will determine whether the combination of crashing house prices, struggling lenders and punishingly high energy prices proves catastrophic for the U.S. economy, it is the man at Treasury...
...himself in Washington. His most recent and most impressive such coup was the quick passage of a massive housing bill in late July over the objections of many Republican lawmakers and even some White House aides. The legislation gave Paulson something unprecedented and very expansive: a blank check from Congress that he and whoever succeeds him at Treasury can use until the end of 2009 to bail out or take over Fannie Mae and Freddie Mac, the troubled government-created firms that at the moment are funding the vast majority of mortgage loans being made...
...During his first year in office, Paulson's most high-profile relationship-building efforts were with the Chinese government, in a series of top-level meetings in Beijing and Washington. These weren't a flop - Paulson proudly points to the failure of anti-China trade legislation in Congress and the 20% rise in the yuan vs. the dollar - but they weren't a dramatic success either. Then came trouble, which spread from subprime mortgages to financial markets in general in August 2007. The chief connection was that subprime loans - those sold to less qualified borrowers - were purchased and repackaged...