Word: gingrichs
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January will bring an even chillier climate for Clinton. Not only will the Republicans have the majority, but Gingrich is busy refashioning the House as a fighting unit. Already he has laid the first strokes of revolutionary discipline on the backs of his fellow Republicans by skipping over some more senior members when selecting committee chairmen. So Representative Henry Hyde of Illinois will be chairman of the House Judiciary Committee instead of the ranking G.O.P. member, Carlos Moorehead of California...
...their product. The new head will be Thomas Bliley Jr. of the tobacco state of Virginia, who thinks cigarette regulation has gone quite far enough already. "Carlos is too kind a man to get into the kind of vicious fights that will occur over issues before those committees," explains Gingrich spokesman Tony Blankley. More to the point: the only legislation Moorehead has successfully launched in recent years is a resolution declaring Snow White Week...
...bond market the aspect of a fierce pagan idol that can never be appeased. No sooner does the market receive one form of tribute than it finds fresh problems to worry about. Among other things, investors saw a new threat of inflation in promises by House Speakerin-waiting Newt Gingrich and other Republicans to cut taxes next year without any credible program for restoring lost revenues. "Tax cuts are not always good for the bond market,"said Joseph Carballeira, the head of U.S government- securities trading at Smith Barney. "Initially, there was a sense of optimism when the Republicans...
Worried White House operatives are cranking out executive policy options that, they hope, would allow President Clinton to stay a nimble step ahead of Speaker-presumptive NEWT GINGRICH's government-trimming, voter-pleasing butcher's knife. Proposed initiatives -- none of which the President has yet agreed to -- include merging the Interior and Energy departments and abolishing Commerce altogether. While neither step looks likely, Commerce Secretary RON BROWN is already maneuvering to keep his bailiwick intact...
...Capitol Hill. Nine years ago, as a freshman Congressman, he was dismissed by the Almanac of American Politics as "hardly likely to be a power in the House." Now he stands ready to assume his job in the next Congress as majority leader and right-hand man to Newt Gingrich, the future Speaker of the House. That might not be the sort of influence one would expect from a man whose pickup truck sports a bumper sticker that reads EAT, SLEEP AND GO FISHING. But Armey has an appetite for power and a talent for finding the straightest route...