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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: bill

bill stories: 33 news summaries

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Obama Signs Ledbetter Act
as His First Bill

Law allows suits for decades-old pay discrimination

(AP) - President Obama signed his first piece of legislation today, selecting an equal pay bill that makes it easier for women to sue for decades-old discrimination. Lilly Ledbetter—who for 19 years endured a pay discrepancy at Goodyear—stood at his side as the president signed the Fair Pay Act named... More »

Elderly Man Freezes to Death Over Unpaid Bill 

Mich. neighbor finds 93-year-old in house after city cut power

(Newser) - A 93-year-old Michigan man who failed to pay his electricity bill froze to death in his home after the city cut his power supply, the Bay City Times reports. Marvin Schur suffered what a pathologist called "a slow painful death" from hypothermia several days after city workers installed a... More »

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elderly Michigan electricity bill hypothermia recession depression

ANALYSIS

 Bill Could Kill 
 Doc-Owned Hospitals 

Feds may see $1.2B in savings if for-profit facilities come under new regulation

(Newser) - A clause in a child-health bill just passed by the House would restrict Medicare payouts for, and the expansion of, doctor-owned hospitals, the specialized-care units blamed for hurting income at nonprofit facilities, the Wall Street Journal reports. There are 200 such facilities nationwide, touted for their efficiency but criticized for... More »

analysis

 Bailout Vote Shows 
 Bush's Power Waning 

Huge defeat contrasts with days of willing Congress

(Newser) - The bailout bill’s failure to pass the House—due in large part to defectors from his own party—demonstrates President Bush’s flagging influence in Washington, observes the Washington Post. Bush’s “biggest legislative defeat” as president, it highlighted his tendency to rely on alarmist rhetoric—repeated dire... More »

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Congress Henry Paulson bailout George W. Bush bill financial crisis

ANALYSIS

 5 Reasons Pols
 Dissed the Bailout 

A bad sell, partisan wrangling, and an urge to be reelected led to bill's downfall: Pershing

(Newser) - House members were only given a chance to salvage the world economy—why do it? There are several reasons why 95 Democrats and 133 Republicans turned down Henry Paulson's $700 billion bailout plan, Ben Pershing writes in the Washington Post. The simplest? “A lot of members just didn't... More »

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Congress Wall Street politics Washington DC vote bailout bill financial crisis

House Debate Heated
 as Bush Pushes Bailout 

But whether bill will pass remains up in the air

(Newser) - President Bush called on lawmakers this morning to support the hotly-contested bailout bill as the House began debate and leaders on both sides of the aisle counted defections, Politico reports. ““Every member of Congress and every American should keep in mind: A vote for this bill is a... More »

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Congress bailout George W. Bush bill financial crisis

House Votes on Bailout Package Today

Compromise deal still faces rough fight

(Newser) - The House votes today on the nation's largest government bailout, followed by the Senate as soon as Wednesday, the Washington Post reports. The bipartisan compromise would grant Treasury Secretary Henry Paulson broad latitude to purchase assets at any price from any firm. Free-market Republicans have dropped their opposition, but the... More »

 Deal Reached on Bailout 

Bill would address exec salaries, hold equity stake for taxpayers

(Newser) - Congress and the Bush administration have agreed on a preliminary plan for the $700 billion bailout bill, Washington leaders said after emerging from talks after midnight this morning. Though details need ironing out, “I think we're there,” announced Treasury Secretary Henry Paulson. Work was to continue with a... More »

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Congress Henry Paulson compromise subprime crisis bailout bill financial crisis

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... More »

 How the Bailout 
 Talks Broke Down 

Partisanship, an alternative plan undercut consensus

(Newser) - Hopes were high yesterday morning that a deal was imminent for Treasury Secretary Henry Paulson’s bailout plan, but a surprise GOP revolt at a tense summit with Bush and the presidential candidates scuttled the agreement, and plunged the capital into partisan bickering last night, the New York Times reports.... More »

Tweaked Bailout Bill Opens Aid to Foreign Banks

Revision is first change sparked by Treasury-Congress talks

(Newser) - The Treasury Department has amended its bailout bill to include foreign banks, Politico reports, abandoning an earlier requirement that banks be headquartered in the US to receive money. Now, the banks must have “significant operations in the US” or be approved by Henry Paulson—meaning Barclays, Credit Suisse, and... More »

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Henry Paulson bank subprime crisis bailout bill financial crisis

Dems Fail to Override GOP's Bill-Blocker

Reid's bundled bill designed to trump Coburn falls short

(Newser) - A bill aimed at trumping one senator’s efforts to block dozens of pieces of legislation was itself halted yesterday, the Washington Post reports. Sen. Tom Coburn has held up some 80 bills to prevent spending he considers unnecessary; Democrat Harry Reid's legislative omnibus, which contained 35 bills in one,... More »

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Senate OKs Foreclosure Relief Bill

House outcome uncertain; Bush will veto unless changed

(Newser) - By a huge margin, the Senate today passed a $300 billion bill to help homeowners avoid foreclosure—but the White House vows to veto it unless the House makes changes, the AP reports. The bill will let struggling homeowners reinsure at cheaper rates backed by the government, but President President... More »

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