Pelosi: It's My House, Not Obama's

Senate plan is the model, but House wants concessions

(NEWSER) - Barack Obama is going to take an active hand in shaping the compromise between the House and Senate health care bills. His top priority is ensuring that the final bill does enough to control costs, the Wall Street Journal reports. To that end, he favors the Senate’s tax on “Cadillac” plans over the House’s tax on millionaires, saying it will encourage cheaper plans and discourage unnecessary procedures. More»

(NEWSER) - The Senate agreed to let loose the remaining TARP funds today by a relatively slim margin, the Hill reports. The 52-42 vote means Obama should have access to the $350 billion about a week after he takes office. The House hasn't voted yet, but the TARP legislation requires only one chamber to approve the money, the Wall Street Journal notes. More»

Dems eager to make mark after GOP domination, but priorities could shred unity

(NEWSER) - Democrats in Congress and Barack Obama want to move quickly once he assumes office, but they must pull in the same direction to achieve anything, Naftali Bendavid writes in the Wall Street Journal. “Pent-up energy among House Democrats” could test Obama’s centrist leanings, one observer notes, and history is peppered with examples of a ruling majority rent by intra-party bickering. More»

GOP blocks measure; parties can't agree how to pay for it

(NEWSER) - Hope your federal student loans are paid off, kids, because Washington appears deadlocked over legislation that would prevent their rates from doubling this July. A Senate bill to do so failed in a 52-45 vote along party lines today, failing to get the 60 votes needed to avoid a filibuster, the Hill reports. Republicans objected to Democrats' method of paying for the bill, namely closing tax loopholes enjoyed by S-corporations . More»

House Republicans revolt, call for conference committee

(NEWSER) - House Republicans didn’t hold their expected vote on the Senate’s two-month payroll tax cut extension last night, a hairpin turn so abrupt that Politico ’s story on it is headlined, “Has John Boehner Lost Control?” The House had planned to vote down the Senate bill and push for a full-year extension, but members objected that doing so would compromise their pledge against voting for tax hikes. Instead, the House will hold a procedural vote this morning to send the matter into a conference committee with the Senate. More»