Swedish Meatballs
1 day ago
None of the bills has been reviewed by the Senate Judiciary Committee or undergone a cost analysis by the Congressional Budget Office, wrote Sessions, the ranking Republican on the Judiciary Committee.
“This shell game makes it nearly impossible for members of this body, and their constituents, to properly review and consider the legislation prior to a vote,” he said. “It is an abuse of the process and on that basis alone members ought to oppose cloture.”
Citigroup Inc., recovering from its $45 billion bailout in 2008, is in advanced talks to hire former White House Budget Director Peter Orszag, people with knowledge of the matter said.So let's see, the sequence is:
Orszag, 41, may take a job in the New York-based firm’s investment-banking division, the people said, declining to be identified because the discussions are private. An announcement may come as early as today, one of the people said.
Orszag ... had meetings with insurance executives and health experts as the White House made health reform its top legislative priority after enacting the $814 billion stimulus.2010 Orszag leaves OMB in August and immediately raises his head in September with a NY Times editorial arguing for extension of the Bush tax cuts.
"Both the White House and Senate Democrats stressed that any compromise on tax cuts would not affect efforts to push two other party priorities -- the DREAM Act and Don't Ask Don't Tell. But even then, there was doubt on the Hill that the other provisions could be passed by the time Congress left for recess."I worry that the WH is working out the grand compromise with the Rs, and even if they leave DADT and DREAM out of it, that in essence kills them anyway. It's kind of like leaving legislation out of a Senate Unanimous Consent agreement. You can argue you didn't kill the legislation you left out - on the contrary, you didn't even mention it! But the result of not mentioning it is that it's not part of the final deal, so there's no other chance to make it happen. What other legislation will the Republicans let the Senate pass than legislation that is included in this deal? The DADT can be just as easily killed with silence.
The deal Democrats fear will be pushed by the White House would give the GOP a two-year extension of all tax rates. In exchange, Republicans would allow for an extension of unemployment benefits for a yet-to-be-determined period. Democrats would also get smaller tax provisions that they have been pushing for this past year, such as the Make-Work-Pay tax credit. They would also secure a vote on the START Treaty, a nuclear non-proliferation pact with Russia.
"All of this could change rapidly," said one top Hill aide. "It is clear the White House has been pursuing the strategy for the last 24 hours or so. The question is how will it be perceived in the caucus?"
The sense from aides privy to past talks was that such a deal would simply not be enough for such a retreat, considering that what Republicans would be "giving up" [permitting the START treaty to be ratified] originated with President Reagan. "The idea that Republicans would give us a vote on their fucking treaty--I mean, this was Ronald Reagan's treaty, we're just extending it--is crazy," said one top Democratic aide. "We have the White House and the Senate. Why should they get their top choice when we aren't?"And of course, DADT is dropped as a part of this deal.
But even as concern mounts that Portugal and possibly Spain may seek financial aid after Greece and Ireland requested bailouts, investors have started asking whether their economies may be the next weak links in Europe’s monetary union.Read More......
Italy and Belgium have a lot in common: Both have big domestic surpluses and are less dependent on foreign creditors than Greece or Ireland. But each is plagued by severe political dysfunction, which has raised questions about whether they can ever repay a mountain of debt, respectively the second- and third-heaviest loads in the European monetary union after Greece.
Debt and political problems have long histories in both countries, but were free to devalue their own currency to climb out of an economic downturn before joining the euro. But none of that seemed to matter until this week, when investors, transfixed by debt fears in other countries, drove borrowing costs in Italy and Belgium to near record highs.
Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for aiding other nations’ banks.Read More......
UBS was the biggest borrower under the Commercial Paper Funding Facility, with $74.5 billion overall, more than twice as much as Citigroup Inc., the top U.S. bank recipient, according to the data released yesterday. London-based Barclays Plc took the biggest single amount under another program that made overnight loans, when it got $47.9 billion on Sept. 18, 2008.
“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be examined.”
Tuesday’s forum was sponsored by the Maine Business Association Roundtable, a group of lobbyists for chambers of commerce and trade groups that represent general contractors, merchants, auto dealers and real estate agents.And, we wonder why Collins and Snowe are veering right. This is their Republican party. Read More......
Twenty-eight representatives of these groups sat at a table with LePage on Tuesday and listed an assortment of regulations they described as well-intended but burdensome — regulations related to the environment, civil rights, public health, child labor laws and tax policy.
Russia is a corrupt, autocratic kleptocracy centred on the leadership of Vladimir Putin, in which officials, oligarchs and organised crime are bound together to create a "virtual mafia state", according to leaked secret diplomatic cables that provide a damning American assessment of its erstwhile rival superpower.Read More......
Arms trafficking, money laundering, personal enrichment, protection for gangsters, extortion and kickbacks, suitcases full of money and secret offshore bank accounts in Cyprus: the cables paint a bleak picture of a political system in which bribery alone totals an estimated $300bn a year, and in which it is often hard to distinguish between the activities of the government and organised crime.
House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children. Republicans used a procedural maneuver Wednesday to try to amend the $4.5 billion bill, which would give more needy children the opportunity to eat free lunches at school and make those lunches healthier. First lady Michelle Obama has lobbied for the bill as part of her "Let's Move" campaign to combat childhood obesity.Read More......
House Democrats said the GOP amendment, which would have required background checks for child care workers, was an effort to kill the bill and delayed a final vote on the legislation rather than vote on the amendment.
Heavy snow and sub-zero temperatures disrupted road, rail and air transport in many parts of northern Europe on Wednesday while the Mediterranean island of Cyprus suffered in the heat after its driest November in more than a century.Read More......
Britain labored under its worst early winter weather in almost two decades, with Edinburgh airport and London's Gatwick airport closed. Snow blanketed much of the country, causing delays on major roads and railway lines.
British gas and power prices rose sharply on increased domestic consumption and demand for electrical power from neighboring countries such as France and Belgium which have also been hit by the cold.
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
© 2010 - John Aravosis | Design maintenance by Jason Rosenbaum
Send me your tips: americablog AT starpower DOT net