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Posted Dec. 11, 2008.
The House approved automaker bailout legislation last night by a 237-to-170 margin. The $14 billion stipulated in the Auto Industry Financing and Restructuring Act would go to help struggling U.S. automakers, and would be provided in the form of bridge loans.
President George W. Bush was able to win some concessions from Democratic House leaders, who inserted a provision that would require the Big Three automakers (Chrysler, Ford and General Motors) to restructure operations, negotiate with labor unions to lower costs, and eliminate debt. Otherwise, the government could withhold or even take back the loans.
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Congressional Week in Preview (Dec. 6 - 12, 2008)
Posted Dec. 8, 2008.
The weekend brought news of an upset down south, where indicted Rep. William Jefferson (D) on Saturday was upset in his re-election big by Anh “Joseph” Cao (R). Also, congressional leaders negotiated a compromise with the White House to tap about $15 billion for an emergency loan to U.S. automakers, and legislation authorizing the funds could come this week.
The Senate is in session today, and it appears as though Majority Leader Harry Reid (D-Nev.) is again trying to advance legislation ending Sen. Tom Coburn reign as the bottleneck of the Senate. The so-called Coburn Omnibus legislation would advance a package of bills being held by Coburn because they do not meet his criteria for passage. We blogged about the hold in July, when the Coburn Omnibus was last heading to the floor.
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Congressional Week in Review (Nov. 29 - Dev. 5, 2008)
Posted Dec. 8, 2008.
CEOs representing the American auto-making industry were in Washington last week testifying before relevant House and Senate committees, as they seek billions of dollars in federal loans. The other main piece of business on the hill was figuring out which anonymous senator was blockading the appointment of an inspector general to oversee the $700 billion financial industry bailout. In the states, however, undecided congressional races in Georgia and California were settled, with Louisiana (two seats), Ohio and Minnesota left to go.
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Wiki the Vote: Winding Down the 2008 Congressional Election
Posted Dec. 1, 2008.
While Congress remains in recess (the Senate is in pro forma session), our attention returns to the outstanding congressional races of the 2008 election. At least three races should be decided this week, including a runoff for one of Georgia’s U.S. Senate seats, between incumbent Sen. Saxby Chambliss (R) and Democratic challenger Jim Martin. Voters in two Louisiana House districts will head to the polls on Saturday to choose the representatives. Meanwhile, votes are still being counted in California, Minnesota and Ohio, as one Senate race and two House races remain undecided.
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Leadership Changes in the 111th Congress
Posted Nov. 21, 2008.
With Democrats expanding their majorities in the House and Senate during the 2008 congressional elections, members of both parties sought to redefine the leadership structure within their respective caucuses. Some of the shuffling was predictable, while political calculation entered into consideration into other leadership campaigns. In addition, freshman members of the House and Senate were forced to take sides in their first actions in Congress, even though they have not been taken office.
Much of the publicity centered around the future of Sen. Joe Lieberman (I-Conn.) in the Democratic caucus, and over Rep. Henry Waxman’s (D-Calif.) bid to replace Rep. John Dingell (D-Mich.) as chair of the House Committee on Energy and Commerce. Republicans had their own drama, however, with a challenge to Minority Leader John Boehner (R-Ohio) and a shift in the Senate leadership.
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