News June 25
Senator Sanders
Health Care “I think in
‘Oceans Apart’ Vt. Gov. Douglas planned to meet with Rep. Welch but “he's not going anywhere near Sen. Bernie Sanders, who is on a committee crafting the health care bill in the Senate. Safe to say their ideas about who should run health care are oceans apart, while his and Welch's ideas are a mere stream apart,” wrote Terri Hallenbeck on a Burlington Free Press blog. LINK
Oil Prices While Sen. Sanders dropped a hold on Gary Gensler's nomination to chair the Commodity Futures Trading Commission, he has not wavered in his belief that speculators, not supply and demand, are responsible for the movement of energy prices. The day after Gensler was sworn in, Sanders encouraged him to use emergency powers -- such as imposing new speculation limits, increasing margin requirements and even suspending trading in certain funds if necessary -- to ensure that oil prices accurately reflect the forces of supply and demand, Futures magazine reported. LINK
Re-Regulation The
Commodity Futures Trading Commission gently regulated the derivatives
markets, which have been blamed for wreaking havoc on the global
economy. Rather than abolish the agency, Obama proposed strengthening
it. Not all reformers are convinced that the plan is comprehensive
enough and, more so, doubt the CFTC is capable of recovering from a
long legacy of deregulation. Sens. Sanders and Maria Cantwell held up
the nomination of the new chairman because of concerns over his former
deregulatory positions, but eventually released their holds, Huffington Post reported. LINK
Fed Secrecy President Obama's financial regulatory plan has created controversy over the role of the Federal Reserve. Rep. Ron Paul, a longtime critic of the very institution of the Fed, recently sponsored a bill that would audit the central bank. “The person who introduced my bill in the Senate is Bernie Sanders, a so-called socialist,” Paul told U.S. News & World Report. “They're opposed to special-interest corporatism. They don't like corporatism anymore than I do. I don't like welfare for anybody, let alone corporations.” LINK
Energy Grants A narrow definition of what constitutes a county government meant counties throughout
Leahy Running Again Patrick
Leahy will run for re-election in 2010, he announced in an e-mail
message to supporters Wednesday. Leahy, who is the fourth most senior
member of the Senate, used his announcement to ask supporters for
money. The Vermont Press Bureau said Leahy noted that the last U.S. Senate race in
International
National
Obama Not Closing Door on Health Care Tax President Obama is leaving the door open to a new tax on
employer-provided health care benefits. Senior senators said Wednesday
the benefits tax could be essential for the complex plan to be fully
financed. For Obama, the health care debate got personal during an ABC News town hall at the White House on Wednesday. The prime-time program was
the latest in a string of events designed to build public support for
his plan to slow the rise in health care costs and expand coverage to
the nearly 50 million uninsured, AP reported. LINK
Senate Panel Hears of Health Insurers' Wrongs Health insurers have forced consumers to pay billions of dollars in
medical bills that the insurers themselves should have paid, according
to a report released yesterday by the staff of the Senate Commerce
Committee. The Washington Post said the report was
part of a multi-pronged assault on the credibility of private insurers
by Commerce Committee Chairman John D. Rockefeller IV. LINK
Liberals Draw Hard Line on Health Reform House
liberals are warning the Senate, Democratic leaders and President Obama
that a government-run insurance option must be included in any health
reform bill, or else the powerful bloc will vote it down. “Usually, we
work behind the scenes to strengthen legislation,” said Rep. Lynn
Woolsey, co-chairwoman of the 80-member Congressional Progressive
Caucus. But she made it clear that she and many of her colleagues will
vote to kill a health care plan if it leaves patients at the mercy of
private health insurance companies, Roll Call reported. LINK
Bernanke Faces House Panel Federal
Reserve Chairman Ben Bernanke likely will face hostile questions from a
House committee investigating whether he and other government officials
pressured Bank of America Corp. into a "shotgun wedding" with Merrill
Lynch that cost taxpayers $20 billion. The House Oversight and
Government Reform Committee has scheduled a hearing Thursday as it
probes whether federal officials urged Bank of America CEO Kenneth
Lewis to keep quiet last fall about Merrill Lynch's financial problems
and stick with the plan to combine the two financial powers, AP reported. LINK
On Promise Of Upswing, Fed Holds Rate Steady The Federal Reserve issued a vote of confidence in the economy
yesterday, saying it would take no new action to combat a recession
that, while still severe, appears to be loosening its grip. The Washington Post reported that recent economic data suggest the recession is closer to bottoming out. LINK
Majority Ready for a Long Year With Republicans attempting to throw roadblocks in front of almost
every piece of Senate business these days, Democratic leaders say they
are willing to keep the chamber in session into late fall if necessary
to complete their ambitious agenda. Majority Whip Dick Durbin indicated
Wednesday that Democrats are committed to finishing health care reform,
a climate change bill, Sonia Sotomayor’s nomination to the Supreme
Court, an immigration bill, financial regulatory reform and 12 regular
appropriations bills before year’s end, Roll Call reported. LINK
VA Urged to Reform Claim Procedures Citing a fast-growing backlog of unresolved disability claims, veterans
groups and members of Congress are calling for an overhaul of
Department of Veterans Affairs procedures for handling cases. The
number of unprocessed disability claims has grown by nearly 100,000
since the beginning of the year and totaled 916,625 as of Saturday, a
rise driven in part by increasing numbers of veterans from the Iraq and
Afghanistan wars. Rep. John Hall said the department needs "a cultural
and management sea change," The Washington Post reported. LINK
Speed of Stimulus Less
than one-half of 1 percent of the money set aside for highway repair
and construction has been distributed since President Obama signed the
$787 billion stimulus package in February, Transportation Department
figures show, according to USA Today. The top Republican on the House Transportation Committee, John Mica of
Governors at White House A
bipartisan group of governors told President Obama yesterday that they
share his urgent desire to restructure the nation's health-care system
but warned that any changes should not place more burdens on strained
state budgets or eliminate innovative programs they already have in
place. The president met at the White House with Republican governors Jim Douglas of
Douglas on Stimulus Gov. Douglas reports that he delivered evidence to Vice President Joe Biden today of the completion of
Douglas Slashes Agency Staff The number of people working at the Vermont Agency of Natural Resources
is down almost 10 percent over the last six months. Gov. Douglas has
eliminated 58 positions within the agency. The reductions include one
third of the solid waste management staff, an assistant director of the
Air Quality Division, two natural resources planners and a wetlands
specialist, whose salary was mostly paid with a federal funds. The
agency released a list of the cuts to the Burlington Free Press. LINK
Parlez vous shopping? In another bid to lure Canadian shoppers, a "French conversation tent" aimed at helping French-speaking visitors navigate Vermont's biggest city opened Wednesday -- St. Jean Baptiste Day in Quebec -- and will return to the Church Street Marketplace every Saturday through the summer.
