February 28, 2008

As House Approves Tax Bill, Senate Dems Look To Reconcile

Senate Democrats are inching toward including an energy tax plan as part of budget legislation to overcome a Republican-led obstacle there, as the House yesterday reaffirmed its support of repealing billions of dollars in incentives for oil and gas companies in a stand-alone measure.

While House Democrats have pushed through similar proposals this Congress with majority support, Senate Democrats have been unable to get the 60 votes needed to overcome a Republican filibuster.

Senate Democrats have mulled including an energy tax plan that repeals oil and gas company incentives to pay for extending and expanding renewable energy and efficiency incentives as part of a filibuster-proof budget reconciliation bill.

See CongressDaily (subscription) for the full story.

Posted at 9:19 AM
Posted to: Congress, House, Senate
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February 27, 2008

White House Threatens Veto Of Mortgage Reform Measure

The White House yesterday threatened to veto a Senate Democratic housing stimulus package, saying it would cost too much and rewrite bankruptcy rules that would undermine current mortgages.

In a Statement of Administration Policy [PDF], the Bush administration listed many items that it objected to in Senate Majority Leader Harry Reid's bill of direct aid and consumer-friendly initiatives designed to help homeowners who cannot afford to pay their mortgages because they took predatory loans. It said many of the provisions are "unnecessary, costly, and counterproductive."

The White House opposed a provision sponsored by Senate Majority Whip Richard Durbin, D-Ill., that would allow a judge to change the terms of a primary mortgage that has entered into foreclosure. Durbin reworked his provision to pick up support, such as credit union lobbying groups that received a carve-out for members that made interest-only loans for those with good credit histories.

Continue reading "White House Threatens Veto Of Mortgage Reform Measure"

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Posted to: Bush Administration, Congress, Economy, Senate
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February 26, 2008

Obama-McCain Squabble Injected Into Army Readiness Hearing

A controversial anecdote relayed by Democratic presidential candidate Barack Obama in last week's Texas debate wended its way into a Senate Armed Forces hearing on Army readiness today.

Obama claimed that he'd "heard from an Army captain who was the head of a rifle platoon" that was sent to Afghanistan grossly undermanned and underequipped. "They were actually capturing Taliban weapons, because it was easier to get Taliban weapons than it was for them to get properly equipped by our current commander in chief," Obama said during Thursday night's debate.

Lindsey Graham, who lately has been stumping hard for Republican John McCain, relayed the story to Army Secretary Peter Geren and Army Chief of Staff William Casey during the hearing. "Has Sen. Obama talked to you or anyone in the department about this?" the South Carolina Republican asked.

"I have not discussed this with Sen. Obama," Geren replied, before handing the baton to Casey.

"As we looked into this, the best we could tell was this incident occurred back in 2003 and 2004," Casey said. "We talked to the brigade commander, looked at readiness reports. The brigade was manned over 100 percent and stayed 100 percent manned when they were there."

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Posted at 12:26 PM
Posted to: Afghanistan, Barack Obama, Bush Administration, Campaigns, Congress, Democrats, Donald Rumsfeld, Iraq, John McCain, Middle East, Military, President Bush, Republicans, Robert Gates, Senate, WH 2008
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FEC Impasse Threatens To Undermine McCain & Obama

A fight over whether Sen. John McCain, R-Ariz., can reject federal funds for his presidential campaign has thrown new attention on a stalemate hamstringing the Federal Election Commission and given unexpected attention to the role of McCain's possible election opponent, Sen. Barack Obama, D-Ill., in that impasse.

The situation presents problems for both McCain, whom Democrats are accusing of defying the same campaign finance regulations he has championed, and Obama, who is seeing a hold he placed on an FEC nominee used in a bid to undermine his claims of working in a bipartisan manner.

McCain's problem, meanwhile, is generating calls for the White House or Senate Democrats to blink in their battle over FEC nominees.

"When you talk about the FEC, people's eyes glaze over.... But there will be increasing public pressure to do something as more and more people understand" the situation, said Melanie Sloan, executive director of Citizens for Responsibility and Ethics in Washington. Her group called Friday for Republicans to compromise to end the standoff.

Continue reading "FEC Impasse Threatens To Undermine McCain & Obama"

Posted at 9:14 AM
Posted to: Barack Obama, Campaigns, Congress, Democrats, John McCain, Republicans, Senate, WH 2008
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February 25, 2008

Lawmakers Return With The Economy On Their Minds

After a week away from Washington, lawmakers return to the Capitol today looking to legislation they hope will address the economy, an issue increasingly on their own and their constituents' minds. But members also have to contend with intense negotiations over the farm bill, rewriting the nation's intelligence laws and looking for troop withdrawals in Iraq.

House Democrats this week will renew a floor fight over paying for billions of dollars in renewable energy and efficiency tax breaks by repealing incentives for oil and gas companies. Meanwhile, Senate Democrats will attempt to bring up a housing stimulus package of direct aid and consumer-friendly initiatives to help the struggling industry, though they first want to finish work on an Indian health care bill and revisit Iraq war legislation.

See CongressDaily's comprehensive preview of the Hill's post-recess agenda here.

Posted at 10:30 AM
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February 21, 2008

Delegation Led By Biden Safe After Emergency Landing In Afghanistan

Sens. Joseph Biden, John Kerry and Chuck Hagel are safe and unharmed after the helicopter transporting them made an emergency landing in Afghanistan.

"The helicopters transporting the Senate delegation in Afghanistan made an unscheduled landing this morning due to a snowstorm. There were no injuries and all members of the traveling party were safely transported to their destination at Bagram Air Base," said Biden spokeswoman Elizabeth Alexander.

Biden is the chairman of the Foreign Relations Committee, on which Kerry and Hagel also sit. The three are in the region visiting Afghanistan, India, Turkey and Pakistan.

Biden is due to report on his trip before the Council on Foreign Relations in New York on Monday.

-JANE ROH

Posted at 3:34 PM
Posted to: Chuck Hagel, Congress, John Kerry, Joseph Biden, Senate
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February 15, 2008

FISA Fight Spills Over Into Recess

President Bush and Republican congressional leaders today charged that House Democratic leaders put the nation at risk by failing to move legislation renewing the Foreign Intelligence Surveillance Act.

"By blocking this piece of legislation, our country is more in danger of an attack," Bush said following a meeting at the White House with GOP leaders. "By not giving the professionals the tools they need, it's going to be a lot harder to do the job we need to be able to defend America."

House Majority Leader Steny Hoyer, D-Md., said the president's claims of imminent danger were overblown because Bush would still have authority to allow eavesdropping on suspected terrorists after the law expires at midnight. "A wide range of national security experts has made clear that the president and our intelligence community have all the tools they need to protect our nation," Hoyer said. He called Bush's remarks "wrong, divisive and nothing more than fear-mongering."

Continue reading "FISA Fight Spills Over Into Recess"

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Posted to: Bush Administration, Congress, House, President Bush, Senate, Terrorism
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Senators Grill Chertoff On Grants & FEMA Trailers

Homeland Security Secretary Michael Chertoff received brief expressions of praise from the members of the Senate oversight committee for his department's achievements yesterday, and then had to endure prolonged bipartisan grilling and protests over his proposed FY09 budget and a wide array of other issues.

Nearly every member of the Senate Homeland Security and Governmental Affairs Committee protested the budget's proposed "cuts" in state and local homeland security grants.

Chertoff repeatedly noted that the grant levels requested were the same as in the FY08 budget but that Congress had increased them. He said the latest request for $50.5 billion represented "very difficult tradeoffs" among many high-priority needs, but the grants were funded at an appropriate level.

Continue reading "Senators Grill Chertoff On Grants & FEMA Trailers"

Posted at 9:10 AM
Posted to: Bush Administration, Congress, Katrina, Senate
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February 14, 2008

House GOP Walks Out Over Contempt Vote, FISA

UPDATED.

Enraged House Republicans staged a walkout from the floor after Democrats sought a contempt of Congress vote for White House Chief of Staff Joshua Bolten and former counsel Harriet Miers.

"We will not stand for this and we will not stay for this," said Minority Leader John Boehner, speaking from the House floor. "I would ask my House Republican colleagues and those who believe that we should be here protecting the American people to not vote on this bill. Let's just get up and leave."

And with that, a few dozen House GOP lawmakers got up and left. They convened on the Capitol steps to address the cameras.

Continue reading "House GOP Walks Out Over Contempt Vote, FISA"

Posted at 3:53 PM
Posted to: Attorney Scandal, Bush Administration, Congress, Harriet Miers, Homeland Security, House, President Bush, Senate, Terrorism
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February 13, 2008

Senate To Battle Over Authorization Bill's Torture Provision

Having cleared a Foreign Intelligence Surveillance Act revision bill yesterday after weeks of skirmishing, the Senate is now expected to battle over legislation that would prohibit the CIA from using coercive interrogation techniques.

Senate Majority Leader Harry Reid said he will try today to advance the long-stalled conference agreement on a measure that would authorize intelligence programs and spending for the current fiscal year. Reid is seeking a vote to invoke cloture on the bill, which would cut off debate and set it up for final passage.

But Republicans and the White House oppose a provision in the authorization bill that would prohibit the CIA and all other U.S. intelligence agencies from using interrogation techniques not authorized by the U.S. Army Field Manual.

Continue reading "Senate To Battle Over Authorization Bill's Torture Provision"

Posted at 9:16 AM
Posted to: CIA, Congress, Senate, Terrorism
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February 11, 2008

Mortgage Brokers Feel More Heat

As Congress has attempted to target those responsible for abusive home loans, mortgage brokers have so far escaped the brunt of its wrath.

The brokers face their biggest challenge in coming months as the Senate begins work on legislation to curb predatory lending. Senate Banking Chairman Christopher Dodd, D-Conn., and Sen. Charles Schumer, D-N.Y., have fingered mortgage brokers as a primary culprit of the crisis, noting that while the industry was responsible for originating as much as 70 percent of subprime loans in recent years, it had little oversight from state regulators -- thus contributing to a marketplace that allowed as many as 2 million borrowers to be placed into loans they could not afford to repay.

See CongressDaily (subscription) for the full story.

Posted at 7:31 AM
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February 07, 2008

Stimulus Bill Heads To The President's Desk

UPDATED.

The House and Senate overwhelmingly passed a $152 billion stimulus package this afternoon, by votes of 380-34 and 81-16, respectively. The bill will provide tax rebates to more than 110 million Americans; the Senate version added senior citizens and disabled veterans to the list of those receiving rebates in the original House bill.

The legislation will likely receive a similar warm reception at the White House. In a statement today after the Senate vote, President Bush indicated his approval. "This plan is robust, broad-based, timely, and it will be effective," Bush said, adding that it was "an example of bipartisan cooperation at a time when the American people most expect it."

Senate Democrats dropped their proposals to add unemployment benefits and home heating assistance to the package after an earlier version was defeated yesterday. As soon as the revised legislation passed in the Senate, the House began an expedited debate this afternoon.

The Washington Post and MarketWatch have more details.

Posted at 7:50 PM
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Senate Blocks Stimulus Bill

The Senate blocked a Finance Committee economic stimulus package, 58-41, Wednesday, just shy of the 60-vote margin needed for approval.

The vote was actually closer, as Senate Majority Leader Harry Reid, D-Nev., switched to a "no" in a procedural tactic that enables him to revisit the measure.

For now, the chamber is left with the House-passed stimulus bill, which would provide rebate checks and business tax breaks to the tune of $146 billion this year.

The House bill does not make seniors whose main source of income is Social Security eligible for rebates, nor veterans living off disability benefits. It also excludes unemployment insurance and would not allow companies to write off losses over a longer period to recoup taxes paid during profitable years -- of particular benefit to struggling homebuilders.

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February 06, 2008

The Economy: Not So Super

The excitement surrounding yesterday's unprecedented Super Tuesday nominating contests obscured the latest and perhaps most damning news to come out on the troubled economy: Activity in the crucial service sector slowed for the first time in nearly five years last month.

The report from the Institute of Supply Management shows a significant decline in non-manufacturing activity (previously the "firmest pillar of economic expansion") in January. Those numbers, coupled with last week's news that jobs were declining, are heightening concerns that the economy is not only headed for a recession, but is already in one.

"Recession is here," the headline on CNNMoney.com read yesterday. The report quotes several economists who said the ISM report was the tipping point for them.

Continue reading "The Economy: Not So Super"

Posted at 12:20 PM
Posted to: Bush Administration, Campaigns, Congress, Democrats, Economy, Hillary Rodham Clinton, House, John McCain, Mitt Romney, Republicans, Senate, WH 2008
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February 05, 2008

Intel Chiefs Say Waterboarding Used In Interrogations

The intelligence community's annual public report on the threats facing the nation was overtaken during a Senate Select Committee on Intelligence hearing today by the politically charged issues of waterboarding and other "coercive" interrogation techniques, extension of the government's eavesdropping authority and the National Intelligence Estimate on Iran's nuclear weapons program.

Director of National Intelligence Mike McConnell and CIA Director Michael Hayden said waterboarding was a legal technique that should be available under certain circumstances if authorized by the nation's legal and political leaders. McConnell said, to his knowledge, only the CIA has used it. Hayden told the committee that the CIA has used the painful technique, which many consider a form of torture, only three times in its history. Those times, three years ago, were against "high value" al-Qaida terror suspects who were thought to have information on an imminent threat to the nation.

The intense discussion was triggered by a question from Committee Chairman Jay Rockefeller, D-W.Va., about proposed legislation that would require all U.S. intelligence agencies to use only the interrogation procedures listed in the recently revised Army field manual.

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Posted at 3:45 PM
Posted to: Bush Administration, CIA, Congress, Detainees, Michael Hayden, Mike McConnell, Senate
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Democrats Blast Bush's Budget Request

When President Bush delivered his final, $3 trillion-plus budget to Congress yesterday, congressional Democrats from both chambers wasted no time laying out their opposition to the proposal.

Senate Democrats quickly attacked the FY09 request, with Majority Leader Harry Reid blasting it as "more of the same," taking specific issue with the budget's proposed cuts in Medicare and Medicaid, its failure to address rising college costs and its neglect of energy issues. "Furthermore, this budget is fiscally irresponsible and highly deceptive, hiding the costs of the war in Iraq while increasing our skyrocketing debt," Reid said. Senate Finance Committee Chairman Max Baucus, D-Mont., said many of those proposed cuts will never get through Congress, particularly a proposed $178 billion cut in Medicare.

On the House side, the budget was met with condemnation from Democratic leaders for continuing "failed" policies and praise from Republican leaders for starting the annual conversation in a fiscally sound manner. The annual rhetorical battle over federal priorities sets up a replay of last year's partisan budget showdown, but with an election-year edge heightened by the economic downturn.

Continue reading "Democrats Blast Bush's Budget Request"

Posted at 10:22 AM
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January 31, 2008

Senate Panel Sends Stimulus Bill To Floor

The Senate Finance Committee voted 14-7 Wednesday to send a roughly $157 billion economic stimulus package to the floor, adding tax breaks for alternative energies and homebuilders and disqualifying upper-income taxpayers -- including members of Congress -- from getting rebate checks. Initially the proposal had no upper-income caps at the behest of Finance Committee ranking member Charles Grassley, R-Iowa, and other Republicans who considered such limits an unfair redistribution of wealth.

Under pressure from Democrats, Finance Committee Chairman Max Baucus, D-Mont., agreed to phase out eligibility for rebates beginning at $150,000 of adjusted gross income per single filer and $300,000 for couples filing jointly. Those limits are twice those in the House version, which costs $117 billion over 10 years.

Unlike the House bill, Baucus' proposal also provides rebate checks to about 20 million low-income retirees dependent on Social Security benefits. "They have worked hard all their lives. They have paid taxes for a lifetime," Baucus said. "The House-passed bill would not give a stimulus check to seniors who were scraping by on Social Security income alone and had no tax liability." Baucus also agreed to a proposal by Sens. Blanche Lincoln, D-Ark., and Olympia Snowe, R-Maine, making about 250,000 veterans on disability benefits eligible for rebates.

The measure faces an uncertain future as Senate Majority Leader Harry Reid as early as today plans to queue the House version. Supporters of the Baucus measure would need to get 60 votes to substitute it for the House version.

Continue reading "Senate Panel Sends Stimulus Bill To Floor"

Posted at 8:53 AM
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January 30, 2008

Fed Watch: There Will Be Cuts

UPDATED.

A Wall Street rally following a 50-basis-points rate cut from the Fed today was not long for this world, as yet another negative economic report sent the Dow back down 37.47 points to close at 12,442.83. The S&P 500 and Nasdaq also pulled back from afternoon bumps.

Earlier in the afternoon, the Fed slashed interest rates to 3 percent, as was widely anticipated. The confirmation sent the Dow Jones industrial average and the S&P 500 ticking back up. But bad news from the bond sector sent those indexes sinking back down.

The brief rally may just have been a sigh of relief that the Fed had delivered as projected. New data released today show economic growth is grinding down, heightening fears of a recession this year.

"Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets," the Federal Open Market Committee said in a statement. "The committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully."

Chairman Ben Bernanke joined in the near-unanimous decision. Voting against the cut was Richard Fisher, president of the Federal Reserve Bank of Dallas. The Board left the door open to future reductions.

"It's great that they did it now. I wish they had done it earlier," said CNBC's Jim Cramer, who has been screaming -- sometimes literally -- about the Fed's slowness to act on the housing bust and credit crunch.

Continue reading "Fed Watch: There Will Be Cuts"

Posted at 5:04 PM
Posted to: Bush Administration, Congress, Economy, Federal Reserve, House, President Bush, Senate
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Both Houses Approve Short FISA Extension

The House and Senate approved legislation yesterday to extend a law authorizing electronic surveillance activities for 15 days beyond Friday's scheduled expiration.

The extension, which passed the House by voice vote and the Senate by unanimous consent, is intended to buy time for lawmakers to craft permanent legislation that would overhaul and reauthorize the Foreign Intelligence Surveillance Act.

In the Senate, Democrats and Republicans were still arguing over how to deal with amendments to the Senate Intelligence Committee's FISA reauthorization bill.

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Posted at 7:47 AM
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January 29, 2008

House Passes Stimulus Package

The House approved a $146 billion economic stimulus package today on an overwhelming 385-35 vote. The package now heads to the Senate, where tinkering with the bill is being criticized by lawmakers who reached a deal with President Bush.

"I would hope that the timely aspect of this is recognized by my colleagues in the Senate," House Speaker Nancy Pelosi said. "We have to have a stimulus. There's just no question. Once you understand that, then you have a responsibility to work back to that and find common ground. I would hope that what the Senate does is respectful of the focus that we have on middle-class and lower-income people."

The House measure would send rebate checks worth $600 to individuals and $1,200 for families, plus $300 per child, while providing tax breaks to businesses. Most of the revenue loss associated with the bill takes place in FY08.

See CongressDaily (subscription) and The Gate's previous coverage of the House-negotiated bill for more details.

-Peter Cohn, CongressDaily

Posted at 3:37 PM
Posted to: Bush Administration, Congress, Economy, House, President Bush, Senate
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Baucus Stimulus Bill Has Key Add-Ons

Senate Finance Committee Chairman Max Baucus, D-Mont., unveiled a roughly $156 billion economic stimulus package yesterday, adding low-income seniors and laid-off workers to those who would benefit from a previously agreed-upon House proposal. Business incentives would also be expanded to let companies write off losses going back five years, offsetting earlier gains and earning them refunds on previous tax bills.

"Rebates for seniors and payroll taxpayers, extended unemployment insurance, and tax relief for struggling businesses will put more cash into the American economy right away," Baucus said in a statement.

In the most significant departure from the House proposal, the Finance bill would extend jobless benefits through the end of 2008, making 13 additional weeks of unemployment insurance available. For states where unemployment rates are 6 percent or higher, an additional 13 weeks would be available.

Continue reading "Baucus Stimulus Bill Has Key Add-Ons"

Posted at 9:26 AM
Posted to: Bush Administration, Congress, Economy, House, President Bush, Senate
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January 28, 2008

Liveblogging President Bush's Final State Of The Union Address

End note. SOTU affairs are always a laundry list, and few expect them to deliver poetry. This year's address (full text) did lack the rhetorical punch of previous years, particularly Bush's first SOTU address following 9/11, which received very high marks.

If there is one character trait that describes this president, it is determination-bordering-on-
stubbornness. He has largely ignored polls and the punditry, and he only changed tacks in Iraq when the calls for a change in course permeated his own administration. Plenty of Americans didn't tune in to this speech tonight, on the assumption Bush is a lame duck. That is probably not the case, at least as far as the legislature is concerned.

With his veto threat and the executive order coming Tuesday, Bush is asserting himself in a dramatic way. The rate of federal spending under Bush's watch is triple that of the Clinton administration. That Bush is positioning himself to put a foot down on pork-barrel spending was pretty unexpected in his final year in office. We'll be watching to see how it pans out.

As for Bush's various claims in tonight's speech, NPR's reporters have been posting fact checks all evening. See their corrections on the tax cuts, FISA, Iraq and entitlement reform. Good night.

10:27. A somewhat unexpected criticism of the president here: "In spite of the attempts to convince us that we are divided as a people, a new American majority has come together. We are tired of leaders who rather than asking what we can do for our country, ask nothing of us at all.

"We are Americans sharing a belief in something greater than ourselves, a nation coming together to meet challenges and find solutions; to share sacrifices and share prosperity; and focus, once again, not only on the individual good but on the common good."

It should come as little surprise that Sebelius has endorsed Barack Obama. This speech reflects Democrats' palpable eagerness to move the country well away from the Bush era.

Continue reading "Liveblogging President Bush's Final State Of The Union Address"

Posted at 10:47 PM
Posted to: Barack Obama, Bush Administration, Campaigns, Climate Change, Congress, Democrats, Economy, Hillary Rodham Clinton, House, Iraq, Middle East, Military, President Bush, Senate, Taxes, Terrorism, Trade, Veterans, WH 2008
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Congress: WH Race Threatens To Hamstring Dem Majority

With Sens. Hillary Rodham Clinton of New York and Barack Obama of Illinois likely fighting for the Democratic presidential nomination well into February, and one of them virtually assured of being the nominee, Senate Majority Leader Harry Reid might be doomed to spend 2008 much the same way he spent 2007 -- hamstrung by a slim majority.

With lawmakers eager to sidestep controversial votes and spend as much time as possible campaigning for their own re-elections, the track record for legislative accomplishments is already unremarkable.

This year, with Democrats holding a razor-thin majority and three senators still in the thick of the presidential race -- Clinton, Obama and Sen. John McCain, R-Ariz. -- some aides foresee an even lighter-than-usual workload.

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January 25, 2008

Senators: WH Plans To Eliminate FOIA Office

Less than a month after President Bush signed legislation overhauling the Freedom of Information Act, the measure's main Senate backers are accusing the White House of planning to scuttle a special FOIA office in violation of the law.

An aide to Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., said Office of Management and Budget officials have told committee staff that they plan in the president's FY09 budget to park within the Justice Department all the funding authorized by the new law for a Government Information Services Office within the National Archives and Records Administration.

The office would include an ombudsman to oversee FOIA disputes across government. It is intended to push agencies to comply with the law, address FOIA backlogs and speed up resolution of FOIA requests. The office has not received any appropriations and its budget has not been set.

But by shifting the funding to the Justice Department, OMB would effectively eliminate the office, because it appears no similar operation would be created there, Leahy's aide said. Instead, the funds apparently would go to the department's Information Policy Office, which now oversees government FOIA compliance.

Continue reading "Senators: WH Plans To Eliminate FOIA Office"

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Posted to: Bush Administration, Congress, President Bush, Senate
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January 24, 2008

House Leaders: Stimulus Not Perfect But Will Do The Trick

UPDATED.

In a rare display of bipartisan camaraderie, House Speaker Nancy Pelosi and Minority Leader John Boehner urged colleagues to get their $145 billion compromise stimulus package to the White House ASAP.

"We will bring it to the floor at the earliest date so those rebate checks can be in the mail," Pelosi said during a joint press conference with her Republican counterpart and Treasury Secretary Henry Paulson, who represented the Bush administration during the late-night negotiations yesterday.

The legislation includes tax rebates from $300 to $1,200, with low-wage earners at one end and middle-income joint filers on the other. Recipients will also receive a $300-per-child bonus on top of what they get in rebates.

Those figures are lower than the expected $800-$1,600 range, but in exchange for lowering the disbursements, congressional Republicans agreed to extend the rebates to workers who don't earn enough to pay income taxes. Individuals who earned at least $3,000 in 2007 will get a check for $300, while mid-level earners would receive at least $600. Individuals earning more than $87,000 and families earning more than $187,000 won't get a check. Individuals who fall in the $75,000-$87,000 range and households in the $150,000-$187,000 would receive reduced checks.

"This is an initiative to strengthen the middle class and those who aspire to be in the middle class," Pelosi said, adding that the rebates were going to those who will "spend it right away to inject demand into the economy to help create jobs and to help turn around the economy."

Calling the deal "a big win for the American people," Boehner seconded Pelosi's assessment of the package. "It will stimulate our economy in the most direct and effective way possible, by putting money in the hands of middle-income families and giving businesses incentives to create and keep new jobs in the economy," he said

Both sides were forced to make concessions in order to reach speedy agreement on the package. Pelosi and her caucus gave up on an expansion of food stamps and unemployment benefits, and also consented to as much as $50 billion in tax breaks for businesses. In return, Republicans agreed to extend the rebates to the 35 million-plus workers who don't earn enough to owe income taxes and would have been ineligible for the rebates under President Bush's original plan.

"The Speaker gave some, we gave some. This was not easy, as most of you know, for the two of us and our respective caucuses... to have to come together and work in a bipartisan way and reach a compromise that I think is in the interest of the American people," Boehner said.

"I can't say that I'm totally pleased with the package, but I can say it will help the economy. And if it does not, there will be more legislation to come," Pelosi vowed.

Continue reading "House Leaders: Stimulus Not Perfect But Will Do The Trick"

Posted at 3:40 PM
Posted to: Bush Administration, Congress, Economy, Federal Reserve, House, President Bush, Senate, Taxes
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Bush Stands Firm On DOJ Nominee

Watching President Bush's congenial interaction with Democratic congressional leaders as they hammer out the details of an economic stimulus package, one may be tempted to see a promising sign of bipartisan cooperation during Bush's final year in office. But don't let the photo opportunities fool you. On other issues, particularly those pertaining to law and national security, the White House and Capitol Hill remain worlds apart.

In the latest example of the continuing partisan rifts over CIA interrogation techniques, Bush renominated lawyer Steven Bradbury to a senior post at the Department of Justice yesterday, despite years of Democratic resistance to his nomination.

Bradbury, who has been the acting head of DOJ's Office of Legal Counsel for more than two years without being confirmed by the Senate, has run into opposition from Democrats because he signed several classified memos in 2005 authorizing harsh interrogations of terrorism suspects.

Continue reading "Bush Stands Firm On DOJ Nominee"

Posted at 8:15 AM
Posted to: Bush Administration, CIA, Congress, Michael Mukasey, President Bush, Senate
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January 23, 2008

Senate Resumes Sparring Over FISA; Cheney Pushes For Renewal

UPDATED.

Vice President Dick Cheney today urged Congress to pass legislation that permanently addresses the nation's surveillance law and shields telecommunications companies from lawsuits for helping the Bush administration spy on U.S. citizens without court warrants. Cheney made his remarks in a short speech at the conservative Heritage Foundation, just as the Senate was moving toward resuming debate on Foreign Intelligence Surveillance Act legislation. CongressDailyPM (subscription) has details on Cheney's remarks.

The opening salvo over FISA renewal was fired yesterday in the Senate, as Democratic leaders sought more time to craft legislation while the White House and Republicans ramped up pressure for immediate action.

Senate Majority Leader Harry Reid asked Republicans late yesterday for another month to craft permanent legislation to overhaul FISA; a temporary law making changes to the bill expires Feb. 1. Reid said more time was needed for lawmakers to work out their differences and to conference with the House. "It's not fair to the House to jam them so that they have one day to act on this," Reid said.

Continue reading "Senate Resumes Sparring Over FISA; Cheney Pushes For Renewal"

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January 17, 2008

House Approves Revised FY08 Defense Authorization Bill

The House yesterday quickly approved a revised version of the FY08 defense authorization bill that addresses objections raised by the White House last month when President Bush unexpectedly vetoed the measure.

The Pentagon policy bill, which passed 369-46 on the suspension calendar, now heads to the Senate, where it is expected to encounter little opposition. That chamber, which is in recess until next week, has been closely involved in negotiations over the changes to the bill, lawmakers and congressional aides said. They hope that the Senate will take up the bill shortly after returning to Capitol Hill and quickly send it to the president's desk for his signature.

Continue reading "House Approves Revised FY08 Defense Authorization Bill"

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Posted to: Bush Administration, Congress, House, Iraq, Military, President Bush, Senate
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January 14, 2008

Democrats Seeking Broad Backing For Stimulus Package

As part of an effort to seek bipartisan agreement on an economic stimulus package, House Speaker Nancy Pelosi met today with Federal Reserve Chairman Ben Bernanke, and other Democrats laid out their ideas for an aid proposal.

"We hope to work in a bipartisan way for an initiative that is timely, targeted and temporary," Pelosi said before this afternoon's closed-door meeting. Quick action on a stimulus package has become the top issue for the White House and Democratic congressional leaders, although neither side h