Kent Conrad

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Obama Can't Cull Farm Subsidies

(Newser) - Barack Obama’s attempt to slash farm subsidies seems to have died on the vine, the New York Times reports. The $9.7 billion in cuts Obama included in his budget outline were conspicuously absent from the outlines the House and Senate approved Thursday, squashed by farm state lawmakers. Now...

AIG Bonus Tax Is Stalled, Likely to Die in Senate

Lawmakers likely to let special tax die, with the nod from Obama

(Newser) - With populist outrage cooling and the White House even cooler, the 90% AIG bonus tax that sailed through the House last week is stalled in the Senate, where it's likely to die, reports Bloomberg. Majority Leader Harry Reid said yesterday this week will be devoted to debating national service and...

Nine Senators Hold Key to Health Reform

Baucus leads 'Board of Directors' in tough bipartisan negotiations

(Newser) - If Barack Obama succeeds in overhauling America's health care system by the end of 2009, he'll have to thank a bipartisan group of nine senators charged with developing a bill that can muster 60 votes. The "Board of Directors"—named by Max Baucus, Obama's go-to figure for health...

Top Dem Dogs Ready to Retool Obama's Budget
Top Dem Dogs Ready to Retool Obama's Budget
ANALYSIS

Top Dem Dogs Ready to Retool Obama's Budget

Prez lets lawmakers take the lead—and they have their own ideas

(Newser) - To clear Congress, President Obama’s budget is going to have to survive committee turf wars and parochial interests—and that’s just the Democrats. The New York Times reports that key committee chairmen in the House and Senate have ideas of their own on health care, energy, and taxes....

$800B Stimulus Too Much for GOP, Too Little for Dems

Adding to already-enormous debt worries Republicans; excess of caution has other side jumpy

(Newser) - The GOP responded today to Barack Obama’s calls for immediate action on the economy, cautioning that too bold a move could have dire consequences, the Hill reports. “Let’s not use the obvious need as a way to make the problem worse,” said Senate Minority Leader Mitch...

Stimulus Widens Unemployment Coverage

Part-timers would be eligible; plan expands health-care options

(Newser) - The Obama stimulus plan will include a $7 billion provision intended to force states to extend unemployment insurance to part-time workers, reports the Wall Street Journal. A separate plan subsidizes COBRA payments and allows uninsured workers who get laid off to buy into Medicaid, and all three measures are riling...

GOP Hesitates on Call for Mortgage Probe

Lawmakers wary of unearthing more Countrywide ties

(Newser) - GOP lawmakers are leery of investigating mortgage deals Countrywide may have arranged for members of Congress, even though a fellow Republican is leading the charge, Politico reports. More Democratic ties to the troubled lender would give the GOP ammo in a cycle seemingly stacked against it—but the people who...

Countrywide Scandal Extends to Senate
Countrywide Scandal Extends to Senate

Countrywide Scandal Extends to Senate

Troubled mortgage lender gave breaks to Dodd, other VIPs

(Newser) - Countrywide Financial made sweetheart deals for lawmakers and other high-profile pols who received mortgages from the disgraced lender, a Portfolio exposé reveals. The deals, which appear to violate both company rules and federal law, benefited "Friends of Angelo"—as in CEO Angelo Mozilo—including at least two US...

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