Wednesday, October 22, 2008

CQ Today Midday Update

Highlights from today's news on CQ.com
Midday Update for WEDNESDAY, OCT. 22, 2008 – 2:03 P.M.

In This Issue

  • Sen. Stevens’ Fate Now in Jurors’ Hands
  • Waxman Blasts Credit Rating Agencies
  • Political Trivia for Oct. 22
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Today in Washington

The House is not in session.

The Senate is not in session.

The President meets with the president of Liberia Ellen Johnson Sirleaf; participates in a photo op with recipients of the Public Safety Officer Medal of Valor.

In Washington, Georgetown Law Forum will host a discussion, “Decision 2008: Nov. 4 and Beyond,” with CNN anchor Wolf Blitzer; Clarence Page, columnist for the Chicago Tribune; Byron York, National Review correspondent; and others. Georgetown Law campus, 8:15 p.m., at 600 New Jersey Ave., N.W.

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Top Stories

Sen. Stevens’ Fate Now in Jurors’ Hands

A Washington jury began deliberating Wednesday over whether to convict Alaska Sen. Ted Stevens on seven felony charges of making false statements on his Senate financial disclosure forms.  [Read More]

Waxman Blasts Credit Rating Agencies

House Oversight and Government Reform Committee Chairman Henry A. Waxman on Wednesday accused credit rating agencies of “colossal failure” in their assessments of the quality of mortgage-backed securities and collateralized debt obligations, two of the investment vehicles that contributed to the financial meltdown.  [Read More]

Political Trivia for Oct. 22

Who was the first presidential candidate to top 50 million votes?  [Read More]

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Political Clippings

The Nashua Telegraph reports that Sen. John E. Sununu, R-N.H., and Democrat Jeanne Shaheen “politely accused one another of dishonesty on key issues during their first debate on live television Tuesday.” The daily said Shaheen, a former governor, “took advantage of a free-flowing format repeatedly to try and put Sununu on the defense. ... When Sununu, 43, took credit for cutting oil subsidies in the federal bailout bill, Shaheen quickly broke in. ‘You didn’t repeal all of the tax subsidies,’ Shaheen, 61, declared. ‘Yes, I did,’ Sununu shot back.”

The Fayetteville Observer reports that Rep. Robin Hayes, R-N.C., apologized for saying “liberals hate real Americans” at a weekend rally for GOP presidential nominee John McCain. Hayes had first denied saying it, but acknowledged the remark Tuesday in a written statement that contained the apology. A spokesman for Hayes’ challenger, Democrat Larry Kissell, said “there isn’t much to say about Hayes’ speech.”

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Today on Governing.com

State and local government news from CQ’s sister publication
OAKLAND, Calif.: City to Shut Offices, Lay Off Workers
BOSTON: 10-Year Harbor Dredging Project Nearly Complete
THE NATION: 19 States Face Tough Decisions on Offshore Drilling

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