House of Representatives

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Congress Gets Ugly Portrait of Lehman's Last Days

Investment giant knew of liquidity concerns, gave out $5B in bonuses

(Newser) - Lehman Brothers’ departing executives were negotiating millions in bonuses while the bank begged for taxpayer money to avoid bankruptcy, a House committee finds after reviewing documents. At a hearing today on Capitol Hill—the first on the financial crisis—the investment firm was painted as one run by irresponsible leaders...

Bush Moves Quickly, Signs Bailout Bill Into Law

Reps who switched vote already spinning change for constituents

(Newser) - Less than 2 hours after the House passed the $700 billion bailout bill, President Bush signed it this afternoon. With a stroke of a pen, he set in motion $110 million in tax cuts and sent the legislators on both sides of the 263-171 vote home to explain themselves to...

Revised Bailout Bill Easily Clears House, 263-171

(Newser) - The House passed the revised $700 billion buyout plan this afternoon, 263-171, raising hopes that the economy will be able to fend off a recession, reports the Washington Post. After 5 days of arm-twisting, 26 Republicans switched their no votes; a total of 91 joined 172 Democrats in backing the...

House Steels for High Noon Bailout Vote

Efforts to sway votes move into overdrive as second effort looms

(Newser) - Leaders and lobbyists are scrambling to marshal support for the revamped bailout bill before it returns to the House at midday today, the Washington Post reports. Democratic and GOP chiefs believe they can sway enough votes to swing it—although only a few have switched so far. Some Republicans who...

Pelosi's PAC Paid Husband's Firm $99K for Work

Transaction legal, but would have been banned by bill Dem Speaker supported

(Newser) - Nancy Pelosi paid her husband’s company $99,000 through her political action committee during the past 9 years, the Washington Times reports. Payments to Paul Pelosi’s Financial Leasing Services are routine fees for accounting and office-space rent payments, but would have been illegal under a bill Pelosi supported...

Senate Version of Bailout Grows Sweeter, Fatter

(Newser) - The Senate version of the bailout bill has ballooned to more than 400 pages as legislators flesh out details in hopes of gaining passage as soon as tonight, Politico reports. The marquee measure boosts FDIC coverage of individual accounts from $100,000 to $250,000, with numerous lower-profile provisions intended...

Senate to Tweak Bailout —But not Much

Dissenting Dems, GOP want different changes

(Newser) - Senators are scrambling to revive legislation for the financial bailout after its surprise failure in the House yesterday, but must strike the right balance to attract new House votes without driving away initial supporters, Bloomberg reports. House Republicans want an expanded role for the FDIC in the bailout and for...

Voters Tanked the Bailout
 Voters Tanked the Bailout 
Sep 30, 2008 9:04 AM CDT

Voters Tanked the Bailout

Vulnerable members scurry away from unpopular plan

(Newser) - The bailout plan was defeated by a 1-2 punch from angry voters and special interest groups on both ends of the political spectrum, reports the Wall Street Journal. House members were overwhelmed into voting “no” by a flood of liberals crying elitism and conservatives shouting about the sanctity of...

Countdown to Failure: How Bill Unraveled

Stunned silence grips House after last vote

(Newser) - As members of the House of Representatives cast their ballots on the $700 billion bailout package yesterday morning—the negative votes piling up even as the market plummeted—the Los Angeles Times was blogging. Kicked off by Majority Leader Steny Hoyer's final words to the House—"The alternative is...

Shocked Legislators Weigh Next Move
 Shocked Legislators 
 Weigh Next Move 
UPDATED
Sep 29, 2008 3:12 PM CDT

Shocked Legislators Weigh Next Move

Discontent on both sides moved House to kill bailout

(Newser) - The efforts of Nancy Pelosi and John Boehner were not enough to quell a revolt within their parties that killed the financial bailout bill today. The bipartisan opposition to the bill reflected in the 228-205 vote—95 Democrats and 133 Republicans dissented—reflects liberal representatives’ unease with rescuing highly paid...

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...

Palin Effect Reinvigorates GOP Slate
Palin Effect Reinvigorates GOP Slate
ANALYSIS
Sep 19, 2008 2:09 PM CDT

Palin Effect Reinvigorates GOP Slate

Enthusiasm for VP pick may help limit damage in Senate, House races

(Newser) - The Sarah Palin factor has energized Republican donors and campaign volunteers, giving the party a boost in the fall’s congressional races, the Washington Post reports. Everyone agrees the GOP won't be able to win back the House or Senate, but it looks like the Democrats won't get to a...

House Passes Drill Bill
 House Passes Drill Bill 
Sep 17, 2008 2:18 AM CDT

House Passes Drill Bill

'Compromise' bill allowing limited new drilling passes without GOP backing

(Newser) - An energy bill including a partial lifting of the ban on new offshore drilling has passed the House, reports the Washington Post. The vote split largely along party lines, with most Republicans rejecting the package for not going far enough. The measure would allow new drilling beginning at 50 miles...

House Dems Told to Pony Up for Kanye Show

Senate rules OK the freebie; House says it's an ethics violation

(Newser) - Tonight's Kanye West concert at the Democratic Convention is the unlikely source of an ethics quandary, ABC News reports, as Senate Democrats attend for free while the House is making staffers pay up. Under new rules intended to reduce the influence of lobbyists, members of Congress aren't allowed to take...

Gay Candidate Wins Shot at US House Seat

33-year-old entrepreneur earns Dem nomination with primary win

(Newser) - Entrepreneur Jared Polis, who is openly gay, won a Colorado congressional primary Tuesday, and says his victory should send “a signal to young gays and lesbians across the country that they can consider a career in public service,” the New York Times reports. Polis is favored to win...

Detroit Mayor's Mom Survives Primary Scare

Rep. Kilpatrick, 6-term incumbent, gets Dem nod by 1,700 votes

(Newser) - It looks like the mother of Detroit Mayor Kwame Kilpatrick will survive the scandal that has engulfed her son and keep her seat in Congress, the Detroit Free Press reports. Rep. Carolyn Cheeks Kilpatrick barely held off two challengers in the Democratic primary yesterday, making her the heavy favorite in...

Republicans Continue House Protest Over Energy Vote

They want Pelosi to reconvene lawmakers

(Newser) - A group of House Republicans continued their protest on the floor of Congress today against Nancy Pelosi's decision to adjourn for summer recess without a vote on their energy plan, which calls for offshore drilling. The lawmakers, speaking in a dimly lit chamber witout a public-address system for the third...

Pelosi Teaches America's Daughters to Complain
Pelosi Teaches America's Daughters to Complain
BOOK REVIEW
Aug 4, 2008 3:17 PM CDT

Pelosi Teaches America's Daughters to Complain

Dem's 'tiresome' tome not worth (short) read

(Newser) - Nancy Pelosi’s new book is titled Know Your Power: A Message to America’s Daughters. But if its contents, and the Democrat’s actions, are any indication, America’s daughters mostly have the power to whine, Samantha Sault writes in the Weekly Standard. Amid “tiresome feminist complaining,”...

House Votes to Let FDA Regulate Tobacco

Cigarettes would be controlled by FDA

(Newser) - The House passed landmark legislation yesterday to bring the tobacco industry under the regulatory control of the Food and Drug Administration. The FDA wouldn't have the power to ban cigarettes under the bill, but it could order nicotine levels in cigarettes reduced and restrict other harmful ingredients, reports the New ...

House Passes Huge Housing Rescue Bill

Measure should clear Senate soon; Bush says he'll sign it

(Newser) - The House today approved a massive bill to provide relief for struggling homeowners, communities hit hard by the housing crisis, and mortgage giants Fannie Mae and Freddie Mac, the Hill reports. The bill passed 272-152 hours after President Bush switched course and said he would not veto it. The measure...

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