Top Republicans in the US Congress called for more time and public hearings before Democrats present a giant economic stimulus package for Barack Obama to sign after he becomes president on January 20.
Obama and Democrats in Congress hope to have an economic stimulus package of some 850 billion dollars ready when the White House changes hands, putting the economy at the top of the agenda.
After five terms in the Senate, service in two wars and in his third marriage at age 81, John W. Warner still retains the unbent posture and bearing of the Marine he once was.
When he took his seat in the U.S. Senate 30 years ago, he was the rakish husband of Elizabeth Taylor with movie star looks of his own, a gentleman’s drawl and a farm in Virginia horse country.
He became "the senator from central casting."
The incoming Obama administration is nearing agreement with congressional Democrats on a huge emergency spending bill intended to jolt the weak U.S. economy and create 3 million jobs over two years, Vice President-elect Joe Biden said on Tuesday.
Asked whether an agreement on the shape of the stimulus bill would be reached by Christmas, Biden said: "I think we’re getting awful close to that."
But he refused to divulge how much the measure would cost taxpayers once the team of President-elect Barack Obama takes office on January 20.
Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse.
General Motors Corp. and Chrysler LLC, which have said they could run out of cash within weeks, have few options left after the dramatic defeat in the Senate of a $14 billion bailout for the domestic auto industry.
The back-and-forth over when to hold a confirmation hearing for Eric Holder, President-elect Barack Obama’s choice for attorney general, isn’t simply a matter of saving a date on the Senate calendar. It’s an early test of strength for minority Republicans on the eve of one-party Democratic rule in Washington.
Even with a Democrat in the White House and strong Democratic majorities in the House and Senate, Republicans are making clear that they won’t be ignored — and warning Obama that he shouldn’t expect swift confirmation of Holder or any other Cabinet choices.
Four days before the election, Illinois Gov. Rod Blagojevich claimed someone came to him with a deal about filling Barack Obama’s soon-to-be open U.S. Senate seat.
"We were approached `pay to play,’" Blagojevich said as FBI agents listened intently. The candidate would raise $500,000 for Blagojevich, and an emissary would raise an additional $1 million, according to the conversation.
A House-passed bill to speed $14 billion in loans to Detroit’s automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.
Republicans are challenging lame-duck President George W. Bush on the proposal, arguing that any support for the domestic auto industry should carry significant concessions from autoworkers and creditors and reject tougher environmental rules imposed by House Democrats.
A government "car czar" with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry under an emerging deal between the White House and congressional Democrats.
Congressional Democrats and the White House worked to resolve their last disputes Monday over terms of a $15 billion bailout for U.S. auto makers — complete with a "car czar" to oversee the industry’s reinvention of itself — that’s expected to come to a vote as early as Wednesday.
The automotive industry must be kicking itself for being chintzy when it comes to campaign contributions to Capitol Hill lawmakers.
According to the Center for Responsive Politics, campaign finance reports show that the auto industry ranks 34th on the list of most-generous industry donors. That’s way behind Wall Street, which has had far more success than the Big Three in snagging federal bailout bucks from Washington in this time of financial woe.
The reports calculate that the securities and investment industry comes in 4th on the generosity scale, followed by the insurance industry at 9th, financial firms at 10th, and commercial banks at 13th.
In all, automotive manufacturers and dealers gave just under $9 million to congressional candidates this election cycle. In contrast, the securities and investment industry alone doled out more than $58 million.