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All items tagged US CongressGlobal Must Read ArticlesNovember 23, 2011 | Trench Warfare Rages in US CongressThe failure of the US congressional “super-committee” to agree on a comparatively small amount of budget cuts is both embarrassing and dangerous. ++ As parties now gear up for election campaigns, the public disgust with the battle line of Congress risks turning “poisonous.” ++ Both parties know that a balance of cuts and tax increases is the answer, but they are too ... MoreAugust 25, 2011 | Endgame in Libya a Victory for US LeadershipDespite the domestic assault on his Libya policy, President Obama’s strategy to depose Gaddafi has worked, with US support for NATO combat operations proving critical to the rebel forces’ success. ++ The Libyan case shows that US global leadership remains “indispensible” but also that countries with deeper ties to Libya such as France, Italy and Spain must lead in assembling ... MoreJanuary 15, 2009 | Congress to Stop Bank Bailout Plan?The US Congress is critical of the way money from the Trouble Asset Relief Program has been used, and adds that the remaining amount should be made conditional on more loans being granted. ++ However, analysts argue that as the financial crisis was caused by a liquidity crisis due to mortgage losses, loan provision will remain depressed for some time. ++ While Congress’ goal of directly ... MoreNovember 27, 2008 | Obama Must Rekindle Climate DebateThe US elected a president to meet the challenge of climate change. ++ Obama has chosen energy experts and supporters of cap-and-trade programs for his cabinet. ++ By 2050 he intends to cut greenhouse gas emissions by 80%. ++ He wants to create jobs and cheap energy through investment in renewable and “clean coal” energy. ++ This is a more optimistic message than what is heard from the rest of ... MoreSeptember 24, 2008 | Financial Fix Must be Clear and EfficientUrgent action to save the financial system is good, but current draft legislation is risky. ++ Congress should not rush into a decision but needs to concentrate on three things: quickly restoring financial stability with low cost, punishing those responsible, and addressing the cause of the crisis — the price collapse in the real-estate market. ++ The Treasury plan has major problems, ... More |
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