Friday, November 14, 2008

CQ Today Midday Update

Highlights from today's news on CQ.com
Midday Update for FRIDAY, NOV. 14, 2008 – 1:53 P.M.

In This Issue

  • Senate Plans Auto Industry Bailout Debate
  • Stung by AIG Collapse, Transit Agencies Seek Legislative Protection
  • Lawmakers Critique Treasury Department’s Handling of Bailout
  • FDIC Chairwoman Pushes Foreclosure Mitigation
  • Senate Finance To Consider Nomination of Bailout Watchdog
  • Political Clippings
  • Political Trivia for Nov. 14
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Today in Washington

The House is not in session.

The Senate is not in session.

The President greets world leaders at the G20 Summit on Financial Markets and the World Economy; hosts dinner with summit participants.

In Washington, the National Partnership for Women & Families will host a post-election discussion with experts on politics, work/family issues, health and reproductive health. 3 p.m., Economic Policy Institute, Suite 300, 1333 H St. N.W.

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Top Stories

Senate Plans Auto Industry Bailout Debate

Senate Democratic leaders plan Monday to take up legislation providing $25 billion in assistance to the struggling domestic auto industry, a spokeswoman said Friday.  [Read More]

Stung by AIG Collapse, Transit Agencies Seek Legislative Protection

Executives of public transit agencies facing imminent default on billions of dollars in financing deals say they may ask Congress to include language protecting them in any economic stimulus legislation.  [Read More]

Lawmakers Critique Treasury Department’s Handling of Bailout

Lawmakers continued Friday to lash the Treasury Department for abandoning a centerpiece of the bailout plan it pitched to Congress and for failing to rein in lavish executive pay at AIG and other corporate beneficiaries of federal aid.  [Read More]

FDIC Chairwoman Pushes Foreclosure Mitigation

After weeks of little movement, the head of the Federal Deposit Insurance Corporation took the surprising step of announcing foreclosure mitigation proposals Friday without the blessing of the Bush administration, but with the encouragement of prominent members of Congress.  [Read More]

Senate Finance To Consider Nomination of Bailout Watchdog

As the administration changes its plans for using the money authorized under the financial bailout program, the Senate Finance Committee is turning its attention to oversight.  [Read More]

Political Clippings

The Minneapolis Star Tribune reports that Administrative Law Judge Barbara Neilson on Thursday “dismissed the remaining portion of a complaint that Sen. Norm Coleman’s campaign filed against Al Franken in the waning days of their U.S. Senate race, ruling that a questionable statement in two Franken ads was ‘substantially accurate.’” The newspaper reports that “Coleman’s campaign had charged that Franken violated state law by airing two alleged falsehoods in ads: that the senator lives in a Washington, D.C., apartment “almost rent free” and that a watchdog group with liberal ties had named him “the fourth most corrupt senator in Washington.”  [Read More]

Political Trivia for Nov. 14

How many women are assured of U.S. Senate seats in the upcoming 111th Congress?  [Read More]

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"Understanding Congressional Budgeting and Appropriations"

This 1-day course explores basic congressional budget process concepts along with key players, their roles and relationships. Learn about discretionary and mandatory spending, the budget resolution and reconciliation process. You will also learn about the relationship of authorization and appropriations legislation, hear real, modern-day examples that illustrate the process, and have ample time to discuss concerns and roadblocks encountered with the budget process.
WHERE: Goethe-Institut, 812 Seventh Street N.W., Washington, D.C.
WHEN: November 21, 2008, 8:30 am to 4:30 pm
Registration Fee: $595
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Today on Governing.com

State and local government news from CQ’s sister publication
SOUTHERN CALIFORNIA: Millions Test Readiness in Largest-Ever Earthquake Drill
ARKANSAS | MISSOURI: States Will Sign Pact to Protect Shared Waters
THE NATION: Three Cities Ask Treasury for Help Meeting Costs
FULTON COUNTY, Ga.: Report Slams 911 System, Leader Told to Resign
MINNEAPOLIS: Report: Bridge Suffered Design Flaw

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