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Looming Election Slows Progress in Senate
By Mark Impomeni - Politics DailyThe Senate adjourned for the Fourth of July Recess without taking action on several important pending bills, including a mortgage bailout, the Foreign Intelligence Surveillance Act reauthorization, and the war funding supplemental. Democratic leaders complain that minority Republicans have deliberately stalled legislation in an attempt to create a "do-nothing Congress" against which to run in the fall. But Democrats have short memories, forgetting that when they were in the minority, they adopted much the same tactics to prevent bills that they opposed from advancing. Then, filibusters were a ...
Dodd, Mortgage Bailout Bill Under Fire
By Mark Impomeni - Politics DailyThe Senate is debating a huge mortgage bailout bill this week amid fresh allegations that certain high-powered senators and former cabinet officials received preferential treatment from mortgage giant Countrywide Financial on their personal loans. Sen. Christopher Dodd, Chairman of the Senate Banking Committee and chief sponsor of the mortgage compromise legislation, received two below market loans from Countrywide in 2003 under its "friends of Angelo" program. "Angelo" is Countrywide CEO Angelo Mozillo. After first denying it, Dodd has admitted that he knew he was receiving special treatment ...
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