House Republicans

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Pass the Bailout, Or Else We'll Become Japan
Pass the Bailout, Or Else We'll
Become Japan
OPINION

Pass the Bailout, Or Else We'll Become Japan

Its decade of decline shows the risks of inaction: Kristof

(Newser) - Watching the House vote down the bailout package this week, Nicholas Kristof recalled a bad memory: Japanese politicians doing the same thing during the financial crisis of the 1990s. The New York Times columnist, who was then based in Tokyo, watched as a desire to punish "corrupt, profligate, and...

Senate Version of Bailout Grows Sweeter, Fatter

(Newser) - The Senate version of the bailout bill has ballooned to more than 400 pages as legislators flesh out details in hopes of gaining passage as soon as tonight, Politico reports. The marquee measure boosts FDIC coverage of individual accounts from $100,000 to $250,000, with numerous lower-profile provisions intended...

'Nihilist' House GOP Doomed US to Recession
'Nihilist' House GOP Doomed US to Recession
OPINION

'Nihilist' House GOP Doomed US to Recession

American leadership is 'scarcer than credit,' writes Brooks

(Newser) - When FDR became president, writes David Brooks, his first priority was to give Americans faith in their leadership, to show that someone was running the show. Now that the US is facing the greatest financial crisis since the Depression, today's political leaders "have failed utterly and catastrophically to project...

Boehner Speaks Softly, Forgets the Stick

Minority leader is unable to deliver GOP votes on bailout

(Newser) - House Republican leader John Boehner was one of the biggest losers in yesterday's rout of the Wall Street bailout bill; his inability to deliver his party’s votes reveals the weakness of his position in the caucus, reports Politico. Boehner was unable to switch votes by leaning on wavering members,...

Shocked Legislators Weigh Next Move
 Shocked Legislators 
 Weigh Next Move 
UPDATED

Shocked Legislators Weigh Next Move

Discontent on both sides moved House to kill bailout

(Newser) - The efforts of Nancy Pelosi and John Boehner were not enough to quell a revolt within their parties that killed the financial bailout bill today. The bipartisan opposition to the bill reflected in the 228-205 vote—95 Democrats and 133 Republicans dissented—reflects liberal representatives’ unease with rescuing highly paid...

Rep Warns GOP Opposition Could Sink Bailout Deal

House conservative hedges on support for plan

(Newser) - Even as Washington officials reached for the bubbly, a prominent House Republican warned that GOP lawmakers may not approve the bailout deal reached last night. “We are not ready to say that a deal is done,” said Virginia Rep. Eric Cantor, who has spearheaded efforts by House conservatives...

New Compromise Close on Bailout Bill

Plan would include optional insurance-based protection

(Newser) - Washington is nearing a new compromise on a Wall Street bailout plan, the Wall Street Journal reports, this one aiming to reel in House Republicans who rebelled Thursday against the bill that had been hammered out by congressional negotiators. The new plan would incorporate the group's alternative model—using an...

Cheney Fails to Rally Troops Around Bailout

GOP House meeting was 'a bloodbath', as doubters dominate

(Newser) - Dick Cheney held court on Capitol Hill yesterday, hoping to convince House Republicans to support the Treasury’s $700-billion bailout plan. But the VP's once-considerable clout in Congress has dissipated, Politico reports; Republicans emerged from the two-hour, closed-door meeting calling it “a bloodbath” and “an unmitigated disaster.”

Dems Get Higher Doses of Drug Company Donations
Dems Get Higher Doses of Drug Company Donations
ANALYSIS

Dems Get Higher Doses of Drug Company Donations

McCain's scorn, growth of government programs behind shift in support

(Newser) - Pharmaceutical firms have been a stalwart Republican ally—$22 million of the industry’s $30 billion in contributions went to GOP congressional candidates in 2002—but drug makers are increasingly supporting Democrats, Jeanne Cummings reports in Politico. Programs such as President Bush’s prescription-drug plan mean half of pharmaceutical sales...

Cheney Hits Hill to Rally GOP Support for Bailout

VP 'walking into a firing squad' says one House aide

(Newser) - Dick Cheney met with House Republicans today to try to shore up support for the administration’s financial bailout plan, Fox News reports. The plan faces considerable opposition from conservatives who are wary of what they see as a “socialist” solution and its huge price tag. "Cheney is...

To See GOP's Future, Look to the House
To See GOP's Future, Look to the House
ANALYSIS

To See GOP's Future, Look to the House

In long term, Obama victory could make minority party reform

(Newser) - The Republican Party brand is tainted, its leaders recognize, and regardless of John McCain's fate, the institution is in soul-searching mode as the scaled-down convention kicks off today. Many House Republicans have come to believe an Obama victory might be better for the GOP in the long term, reports Politico,...

GOP Energy-Bill Protest Could Overlap With Dem Convention

Letter turns up heat on Pelosi to reconvene

(Newser) - Republicans say their measures to suspend the House’s August recess and force a vote on a national energy bill could continue until just before the Democratic National Convention—or beyond, the Hill reports. “Republicans will not rest until we have an honest, up-or-down vote on the American Energy...

Republicans Continue House Protest Over Energy Vote

They want Pelosi to reconvene lawmakers

(Newser) - A group of House Republicans continued their protest on the floor of Congress today against Nancy Pelosi's decision to adjourn for summer recess without a vote on their energy plan, which calls for offshore drilling. The lawmakers, speaking in a dimly lit chamber witout a public-address system for the third...

GOP Boosts Effort to Force Oil-Drilling Vote

House protest will last 'as long as it takes' to get Dems back to DC

(Newser) - House Republicans said today reinforcements are on the way in their attempt to force the Democratic majority to interrupt the August recess and vote on domestic oil drilling. “There are plans underway to be here into next week,” Rep. Mike Pence told Politico. “We will be here...

Key Mississippi Loss Rattles Republicans

Third loss the charm: Panicked GOP looks to rebrand before fall

(Newser) - This week's mauling of the GOP candidate in a special Mississippi election marked the third time this year that a "safe" Republican seat was lost to the Democrats, and GOP bigwigs are sweating about how that bodes for November, the New York Times reports. The party had banked that...

House GOP Steps Up for McCain
House GOP Steps Up for McCain

House GOP Steps Up for McCain

Republican leaders set aside doubts

(Newser) - The top three GOP leaders in the House embraced  frontrunner John McCain in a feel-good meeting with House colleagues yesterday aimed at settling lingering doubts about his candidacy. McCain also got three standing ovations, praise for his commitment, and only one question about immigration—the issue on which many of...

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