Lois Lerner refused to answer questions at a congressional hearing that quickly devolved into political bickering between Democrats and Republicans.» Read More
While many of you were reading the morning blogs, Treasury Secretary Henry Paulson was up on Capitol Hill, trying to sell his “teaser freezer” plan to House Republicans. He didn’t give a lot more details than we already know, but the common leakage out there is that it will be a five year freeze on subprime mortgages only for those who can currently pay their mortgages but can’t when the rate resets.
While political reporters like me are largely focused on the 2008 presidential race, our dysfunctional governmental apparatus in Washington continues laboring, however haltingly, in search of some tangible accomplishments. And some of them would have significant impact on Wall Street and the business community more broadly.
A fresh round of polls has underscored the sense of flux in the 2008 presidential race--in both parties. A Washington Post-ABC News poll of Iowa Democrats shows a three-way race for the Jan 3 caucuses--but with Barack Obama, not Hillary Clinton, in the lead.
You know it's going to be a good debate when...the leading candidates start to accuse one another of lying BEFORE the debate. That's precisely what's happened in advance of tonight's Republican debate on CNN, featuring questions submitted via YouTube.
GOP debate results: Winner #1: former Arkansas Gov. Mike Huckabee. He displayed his trademark humor but also some grit, facing down Mitt Romney in defending his record on immigration. Huckabee is head and shoulders above the rest of the Republican field in communications skills, as he manages to convey a combination of conservative principles.
Republican presidential rivals Rudy Giuliani and Mitt Romney scornfully debated immigration Wednesday in a provocative, no-holds-barred debate.
It's getting hot out there on the presidential 2008 trail as voting time draws closer. Here are a few things to remember as you watch the rhetorical and advertising bullets fly: 1. There's NOTHING wrong with drawing contrasts with an opponent--aka "going negative"--if there's a solid basis for it.
Journalists in Washington spend most of their time focusing on warfare between Democrats and Republicans. There's a good reason for that: in the dysfunctional capital city of 2007, warfare is what they do best.
Those of who follow political campaigns often can't discern turning points until the campaigns are over. The 2008 contest may be no different. But just now there's a sense of ferment in both parties' presidential contests--and it's happening awfully close to the Jan 3 kickoff of the nomination process in Iowa.
Democrats enter the 2008 presidential race with powerful political advantages. But they face a tough and unpredictable battle because of the vulnerabilities of front-runner Hillary Clinton. A new Wall Street Journal-NBC poll shows that Americans have turned sharply away from President Bush and toward domestic issues favoring his partisan adversaries
There are a couple ways to tell that we’ve hit the critical competitive phase of the 2008 Democratic presidential nomination fight. One is the way that all major campaigns are now spending a large chunk of the millions they’ve raised on television ads in Iowa. The state’s Jan. 3 caucuses have traditionally turned on contest may once have turned overwhelmingly on organizational prowess.
The FEC is questioning 2008 contenders about contributions that “appear to exceed” legal limits. Hundreds of donors wrote checks for more than the $2,300 per election cap. Some failed to attribute parts of donations from joint bank accounts to their spouses.
Charlie Rangel’s tax reform bill isn't likely to become law anytime soon. Yet its already an active part of the presidential campaign, as Republicans try to reclaim control of the tax issue in advance of the 2008 elections.
Presidential rivals are having lots of fun with Rudy Giuliani's statement that he's rooting for the Red Sox in the World Series, casting it as a John Kerry-style, "against-'em-before-I-was-for-'em," made-for-New Hampshire flip-flop for a candidate who has been so staunchly identified with the Yankees.
In their interview this morning with my colleague Dylan Ratigan, President Bush's economic advisers emphasized all that was going right with the American economy: low inflation, a strong job market, continued growth and booming exports, whether those exports are driven by a weaker dollar or not.
I took some grief a few months back for convicting Hillary Clinton, in this space and elsewhere, of calculation in the public display of cleavage that prompted a Washington Post fashion review and lots of talk in the blogosphere. I still think I was right.
House Ways and Means Chairman Charlie Rangel has adopted an unorthodox strategy for his attempt to achieve tax reform. Forget polarization--Rangel is trying to hug the Bush administration as tightly as possible.
The U.S. House Thursday failed to overturn President Bush's veto of a plan to expand a popular children's health care program and pay for it by raising tobacco taxes.
Presidential power ebbs and flows and George W. Bush is holding very weak cards just now. But as he likes to point out, sometimes with more than flattering zeal, he is still the president and everyone also just kibitzes. `
Those of us who cover politics in Washington are constantly trying to figure out what we DON'T know. Seeing a huddle of strange bedfellows instantly sets off our alarms that something remarkable could be happening.