Congress

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Automaker Bankruptcy Would Be 'a Disaster': Frank

Debate rages on auto bailout

(Newser) - The CEOs of the Big Three are back on Capital Hill this morning testifying before the House Financial Services Committee, and Barney Frank at least seems sympathetic. The chairman said bankruptcy “would be a disaster,” given the current credit markets and today’s dire job report, adding that...

Lame-Duck Senators Could Swing Auto Vote

Ten ousted or retiring Republicans have potentially historic role

(Newser) - If the Senate votes next week on a $34 billion auto-industry bailout, 10 of the votes will come from lame-duck Republican senators—a potentially decisive margin. Having been ousted in November or planning to retire, they’ll have their say on a potentially historic bill without having to worry about...

Barney Frank: At the Center of the Storm

Mass. congressman "vilified," but sticks to his guns

(Newser) - At the center of Washington’s financial crisis, Barney Frank has been called a “left-wing zealot”—but the congressman, while he’s admitted mistakes, has long been canny and courageous in his positions, writes Maureen Tkacik in Boston magazine. Amid much talk of the “moral hazards” in...

Dodd Endorses Big 3 Bailout as CEOs Hit Hill Again

Senate Democrat enlisted to work on compromise package

(Newser) - Sen. Chris Dodd welcomed the Big Three CEOs back to the Senate Banking Committee today by declaring his support for an auto bailout, the AP reports. Chariman Dodd said inaction would be akin to playing “Russian Roulette with the economy.” He praised the automakers for making a better...

UAW Bends to Boost Bailout

Concessions meant to help Big Three win financial help from feds

(Newser) - The United Auto Workers agreed today to concessions that may help Detroit get $34 billion in federal assistance, the Detroit News reports. The union’s job bank—which pays eliminated employees 95% of their base salaries—will be suspended, and the UAW will delay billions in payments to its health...

Paulson May Hit Congress for 2nd $350B Next Week

Treasury Secretary will face a tough audience as skepticism mounts

(Newser) - Further erosion of the economy may send Treasury Secretary Henry Paulson back to Congress for the second half of the $700 billion federal bailout next week, reports the Wall Street Journal. But skepticism over how the initial $350 billion is being administered, conflicting views on how to best use the...

Saving Detroit: It's Now or Never
 Saving Detroit: 
 It's Now or Never 
OPINION
Dec 3, 2008 7:00 AM CST

Saving Detroit: It's Now or Never

Auto industry in danger of going under while lawmakers haggle over lifeline

(Newser) - If Congress is going to save America's auto industry it needs to quit the grandstanding and finger-pointing and take action right now, Tom Walsh writes in the Detroit Free Press. The Big Three have submitted their survival plans as requested, Walsh writes, and the figures show they aren't bluffing—they...

Automakers Raise Request to $34B

(Newser) - Automakers may be returning to Capitol Hill humbled into driving instead of flying, but that won't stop them from holding out their hands for even more money. Collectively, they told Congress today to be willing to shell out a total of $34 billion in loans and lines of credit—up...

GM Seeks $18B in Aid, Needs $4B Immediately

(Newser) - General Motors says it needs an immediate $4 billion loan from the government to get through the month, the Detroit Free Press reports. “Absent support, we can’t continue to operate,” the carmaker’s COO told Congress. GM is requesting a total of $18 billion in federal aid—...

$621M Hill Visitor Center Opens

Building will accommodate tourists visiting Capitol

(Newser) - Congressional leaders spoke today at the opening of the Capitol Visitor Center, the Hill reports. The center, which was heavily delayed throughout its 6 years construction and cost a well-over-budget $621 million, will be the first stop for visitors to the Capitol, who previously had to wait in long lines...

Fla. Sen. Martinez Won't Run in '10

Florida senator opens seat for fierce race

(Newser) - Florida's Sen. Mel Martinez won't be running for re-election in 2010, leaving open a senate seat that's sure to attract big money and fierce partisan competition. The first-term Republican was a sure Democrat target anyway, given that his constituency is split on whether he deserved another shot in Congress. Martinez...

Meet the NY Dems Who Want Clinton's Seat

Cuomo brings fundraising advantage, but should Paterson pick a woman?

(Newser) - Hillary Clinton’s secretary of state nomination has left New York Democrats jockeying for her New York senate seat—and gives Gov. David Paterson a little personal political leverage. Though he hasn’t indicated whom he will appoint, the Washington Post lists some key factors and candidates:
  • There is pressure
...

Parties Bring Out Big Guns for Georgia Run-Off Vote

Rap stars and the GOP's 'rock star' stump on eve of crucial Senate runoff election

(Newser) - Georgia decides its Senate race today and both sides are going all-out to secure a victory that could help determine the direction of the next Congress, the Atlanta Journal-Constitution reports. The GOP has sent in Sarah Palin to stump for incumbent Sen. Saxby Chambliss, while Democratic challenger Jim Martin held...

To Succeed, Obama and Congress Must Stay Tight

Dems eager to make mark after GOP domination, but priorities could shred unity

(Newser) - Democrats in Congress and Barack Obama want to move quickly once he assumes office, but they must pull in the same direction to achieve anything, Naftali Bendavid writes in the Wall Street Journal. “Pent-up energy among House Democrats” could test Obama’s centrist leanings, one observer notes, and history...

In Franken's Run, Cautionary Tale for Matthews

MSNBC host's celebrity isn't all that, and Franken didn't exactly win, either

(Newser) - Chris Matthews seems determined to run for a Senate seat in Pennsylvania in 2010, but beating Republican Arlen Specter isn’t his only problem, Steve Kornacki writes in the New York Observer. The MSNBC host is a cipher to 60% of the electorate, and there are other qualified, ambitious Democrats...

Palin Hits Trail on Eve of Ga. Runoff

Alaska governor campaigns for GOP incumbent Chambliss

(Newser) - Sarah Palin is on the campaign trail again, this time in support of Georgia Sen. Saxby Chambliss, the Atlanta Journal-Constitution reports. “The eyes of the nation are on you,” Palin told a crowd of thousands in the state today, the eve of a runoff election. The Alaska governor...

Once United, Big 3 Take Different Roads to Bailout

Automaker bring different bailout concerns in appeal for federal aid

(Newser) - When the automakers return to Congress this week to beg for a federal bailout, they’ll no longer be presenting one case among them. Each company will unveil its own rejuvenation plan, reports the New York Times. Ford, in best financial shape, wants only the promise of access to federal...

Pols Flout Ethics Law on Trip to Carib Isle

Opulent weekend was funded by top corporations

(Newser) - Six US lawmakers, all members of the Congressional Black Caucus, have been caught rubbing shoulders with lobbyists on a trip that violates federal ethics laws, the New York Post reports. Joining them were three New York officials, including the state's governor—who avoided breaking the law by paying his own...

Stevens Won't Rule Out Pursuing Prez Pardon

Convicted senator may seek clemency from Bush

(Newser) - Even as Ted Stevens appeals of his seven-count felony conviction, the disgraced senator isn't ruling outthe possibility of seeking a pardon from President Bush, the Anchorage Daily News reports. "If I were counsel to him, I would encourage him," says Alaska's former US attorney, a Stevens supporter. "...

New Congress' Key Fights Could Be Dem-on-Dem
New Congress' Key Fights Could Be Dem-on-Dem
ANALYSIS
Nov 25, 2008 10:22 AM CST

New Congress' Key Fights Could Be Dem-on-Dem

Party split ideologically, geographically on major issues

(Newser) - The Democrats have amassed so much power in Congress their internal conflicts may matter more than their fights with the GOP. In Politico, Martin Kady II takes a look at some likely intra-party fault lines:
  • Californians against rust-belters on the environment: “The Midwestern Democrats—Sherrod Brown, Evan Bayh, and
...

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