Chris Dodd

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Big 3 Execs Finish With Senate
 Big 3 Execs Finish With Senate 
UPDATED
Dec 4, 2008 4:14 PM CST

Big 3 Execs Finish With Senate

CEOs to make their case to the House tomorrow

(Newser) - The CEOs of the Big Three wrapped up a six-hour session with the Senate Banking Committee during which they asked for a minimum of $34 billion in aid, the Washington Post reports. Chairman Chris Dodd vowed to draft a bill “in the next 24-48 hours" that stood a chance...

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...

Detroit's Big 3 Plead Their Case in Washington

(Newser) - The CEOs of the Big Three automakers told the Senate today that a $25 billion bailout of the industry is necessary to prevent "catastrophic" effects on the economy, the New York Times reports. “If the domestic industry were allowed to fail,” said GM's Rick Wagoner, it would...

Economy Is Democrats' Fault, But Media Turn Blind Eye

Newspapers aren't being honest about what caused crisis: Card

(Newser) - Mainstream media—aka the Democrats’ “public relations machine”—have fed Americans a “big fat lie” by ignoring the fact that this economic mess can be traced directly to Democratic policies, writes Orson Scott Card in Meridian. The crisis is “not a vague emanation of the evil...

Lawmakers: We Have a Deal
 Lawmakers: We Have a Deal 
UPDATED
Sep 25, 2008 12:57 PM CDT

Lawmakers: We Have a Deal

Dodd touts 'fundamental agreement' ahead of meeting with Bush

(Newser) - The bipartisan group of legislators working on either a Wall Street bailout or a rescue package has reached "a fundamental agreement on a set of principles," Senate Banking Committee Chris Dodd said today. Racing to make a deal before a scheduled 4pm meeting at the White House, the...

Bailout Talks Get Stuck on Executive Pay

Senate wants to rein in excesses, but lobbyists push back

(Newser) - As Washington continues to wrangle over the terms of the Wall Street bailout, one major sticking point has been executive pay packages, with many in Congress looking to punish CEOs seeking taxpayer aid. While lobbyists are pushing back hard, some kind of restraint on compensation seems unavoidable, reports the New ...

Prickly Congress Greets Paulson, Bernanke

Dodd, Shelby show skepticism

(Newser) - Ben Bernanke and Henry Paulson implored Congress to swiftly pass a $700 billion bailout bill today, as they testified before the Senate Banking Committee. But there was an air of skepticism in the room. Chairman Chris Dodd’s introduction was noticeably prickly, and ranking Republican Richard Shelby was outright hostile,...

Bernanke, Paulson Put Fear of God Into Pols

Of meeting with officials, lawmaker says: 'We have never heard language like this'

(Newser) - Lawmakers were astounded at the possible fallout of the crisis on Wall Street outlined last night by Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson, the New York Times reports. “When you listened to him describe it you gulped,” New York Sen. Charles Schumer said of the...

Morning Talk Shows Abuzz With Palin Pick

Republicans called Alaska gov. a 'maverick'

(Newser) - Sarah Palin ruled the political morning shows today at the expense of Barack Obama's historic speech last week, Politico reports:
  • John McCain rebuked criticisms that Palin was unqualified to be "a heartbeat away" from the presidency. “She’s been commander in chief of the Alaska National Guard,"
...

Va. Gov. Kaine Rises to Top of Obama VP Pool
Va. Gov. Kaine Rises to Top of Obama VP Pool 
ANALYSIS
Jul 29, 2008 11:56 AM CDT

Va. Gov. Kaine Rises to Top of Obama VP Pool

Says talks are 'very serious'; Biden, Bayh, Sebelius in contention

(Newser) - Virginia Gov. Tim Kaine is in “very serious” talks about a spot on the Democratic ticket, sources tell the Washington Post. The 50-year-old has joined Sens. Evan Bayh, Joe Biden and Kansas Gov. Kathleen Sebelius on Barack Obama’s shortlist, bringing outsider credentials though no experience in foreign affairs,...

Housing Industry Funnels Cash to Lawmakers

Campaign contributions soar compared to 2006

(Newser) - The housing industry has given more campaign cash to lawmakers and political parties this election cycle than it gave through the entire 2006 cycle, the Wall Street Journal reports, as an emergency housing bill containing favorable provisions for the industry has been working its way through Congress. Cash has flowed...

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
Jun 13, 2008 12:45 PM CDT

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...

Obama's VP Search Fields a General
Obama's VP Search Fields
a General
Jun 10, 2008 8:30 PM CDT

Obama's VP Search Fields a General

James Jones, retired NATO honcho, surfaces in Hill talks

(Newser) - Barack Obama’s VP selection team had a busy couple of days on Capitol Hill, talking up possible running mates with legislators. A new name in the mix is that of retired Gen. James Jones, MSNBC reports. Joe Biden and Ohio governor Ted Strickland also came under scrutiny; Bill Richardson,...

McCain Blasts Obama for Saying He'd Talk to Cuba

Dodd, Richardson strike back, criticize Republicans' hard-line approach

(Newser) - John McCain told Miami’s Cuban community today that Barack Obama would “give hope” to the Havana regime by sitting down with Raul Castro without preconditions, prompting a response from Bill Richardson that McCain was “afraid to talk to bad guys.” Speaking on Cuban Independence Day, the...

Mortgage Deal Close in Senate
Mortgage Deal Close in Senate
May 15, 2008 1:11 PM CDT

Mortgage Deal Close in Senate

Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight

(Newser) - A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise,...

Reid Not Passing Reins to Clinton

Nevadan 'very comfortable' as Senate's top Democrat, thank you very much

(Newser) - Harry Reid brushed aside yesterday suggestions Hillary Clinton, fresh from a primary defeat to Barack Obama, might ascend to the top Senate job. “Keep in mind,” he told the Huffington Post, “a senator coming back who’s run for president is not a very unique one. Sen....

Bush Will Veto Dems' Housing Bill
Bush Will
Veto Dems' Housing Bill
May 7, 2008 2:27 PM CDT

Bush Will Veto Dems' Housing Bill

$15B measure would 'reward speculators and lenders': President

(Newser) - President Bush said today that he would veto the Democratic housing bill being worked on in the House of Representatives. Bush claims the bill would unfairly bail out "speculators and lenders," the Washington Post reports. "I will veto the bill that's moving through the House today if...

Senate Passes Housing Aid Bill
 Senate Passes Housing Aid Bill 
Apr 10, 2008 3:02 PM CDT

Senate Passes Housing Aid Bill

Wins approval by wide margin, but House, Bush opposition leave fate uncertain

(Newser) - The Senate approved a $15 billion measure to address the housing slump today, including $6 billion in total tax breaks to homebuilding firms and a $7,000 tax credit for buyers of foreclosed homes. Though it passed by an 84-12 margin, opposition from President Bush and the House could yet...

Fed, Execs Defend Bear Bailout
Fed, Execs Defend Bear Bailout
Apr 3, 2008 12:10 PM CDT

Fed, Execs Defend Bear Bailout

Collapse would have spread throughout economy, they argue

(Newser) - Bear Stearns was just hours from collapse, and letting it go down would have been disastrous, executives and regulators argued on Capital Hill today while defending the controversial bailout, the New York Times reports. Without the takeover, “we would all be facing a far more dire set of challenges,...

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