Reconsidering Reconciliation
In this morning’s Washington Post, Senator Hatch highlights the misuse of reconciliation procedures that the President and Senate Democrats are considering in order to pass a health care bill that cannot muster 60 votes. As we previously discussed here, reconciliation procedures were designed as a set of specific rules to facilitate passage of legislation to reduce the deficit. Read full post...
Shakeups on the Senate Banking Committee
Last week’s surprise announcement by Senator Evan Bayh (D-IN) that he will not seek reelection is yet another shift in the future make-up of the Senate Banking Committee. Bayh’s retirement comes only two months after the Committee’s Chairman, Senator Chris Dodd announced he would not seek reelection. Read full post...
Senate Finance Committee releases discussion draft of next stimulus
Although most of official Washington remains buried under the recent snow, the Senate Finance Committee today released a discussion draft and summary of the latest stimulus bill (dubbed a “jobs” bill by some). Read full post...
Snow day: Bernanke releases comments on exit strategy
Today, Chairman Bernanke was scheduled to testify before the House Financial Services Committee on the Federal Reserve's strategy for exiting all the new extraordinary lending and monetary policies. The hearing was postponed due to all the snow in DC – but his statement was released to the public this morning. Read full post...
Destroying American Jobs?
Last week, the WSJ ran an interesting op-ed by Matthew Slaughter entitled “How to Destroy American Jobs.” In case you’re not familiar with Mr. Slaughter, he is currently associate dean and professor at the Tuck School of Business at Dartmouth. He writes a lot about international trade, investment and U.S. global competitiveness. Read full post...

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