Archives for Capitol Hillbillies

Democrats grow impatient over health care

With President Barack Obama's political fortunes on the line, Democrats in Congress vowed on Monday to push healthcare reform through the Senate with or without Republican support.

"No matter what happens we are going to enact healthcare reform by the end of the year," said Senator Charles Schumer, one of the Democrats who has been working with Republicans to craft a bipartisan plan in that chamber.

Obama has made overhaul of the $2.5 trillion healthcare system this year his top domestic priority, saying it is central to long-term economic recovery, and its success or failure could define his presidency.


Read More

Senators shrug off NRA threats

The National Rifle Association's threat to punish senators who vote for Supreme Court nominee Sonia Sotomayor has been met with a shrug by Democrats from conservative-leaning states and some Republicans who are breaking with their party to support her.


Read More

Senators got ‘special’ loans

Two influential Senate committee chairmen were told they were getting special VIP deals when they applied for mortgages, an official who handled their loans told Congress in closed-door testimony. Democratic Sens. Christopher Dodd and Kent Conrad had denied knowing they were getting discounts when they negotiated their loan terms.


Read More

Senate dumps public option on health care reform

A bipartisan group of senators is closing in on a health care compromise that omits key Democratic priorities but seeks to hold down costs, as lawmakers on both sides of the Capitol labor to deliver sweeping health legislation to President Barack Obama.

After weeks of secretive talks, three Democrats and three Republicans on the Senate Finance Committee were edging closer to a compromise that excludes a requirement many congressional Democrats seek for large businesses to offer coverage to their workers. Nor would there be a provision for a government insurance option, despite Obama's support for such a plan, officials said.
Read More

Obama needs Republican votes on health care

President Barack Obama's push to overhaul health care needs Republican votes, lawmakers from both parties say.

Democratic and GOP officials acknowledged Sunday that Obama's ambitious plan would not pass without the aid of a doubtful GOP, whose members are almost united against the White House effort.
Read More

Opponents relish health care bill delay

August means beaches and barbecues. And for some, a chance to rally the troops for this fall's health care showdown.

Senate postponement of work on health care until September gives interest groups on both sides an entire month to whip up supporters, and pushes off crucial votes on the overhaul effort until fall — when people are likely to refocus on the issue.


Read More

Bernanke admits bailout stunk

Federal Reserve Chairman Ben Bernanke said Sunday that he had to "hold my nose" over last year's taxpayer-financed bailouts of big financial companies but argued that the action had to be taken to avoid a major meltdown of the U.S. financial system and the broader economy.


Read More