David R. Sands
Articles by David R. Sands
Historic stimulus deal reached
The White House and Democrat-controlled Congress struck a deal Wednesday for a $789 billion stimulus package. Published February 12, 2009
Bankers defend bailout record
The expected grilling amounted to a light toasting Tuesday as executives of some of the nation's biggest banks came before a House panel angry over the results to date from the government's $700 billion Wall Street bailout. Published February 11, 2009
Struggle begins on stimulus bills
Congressional leaders began hurried negotiations Tuesday to reconcile House and Senate versions of an economic-rescue package, struggling to keep the price tag low enough to preserve a few key Senate Republican votes while satisfying House Democrats eager for more spending. Published February 11, 2009
Congress works to preserve fragile stimulus
UPDATED: Congressional leaders began hurried negotiations Tuesday to merge House and Senate versions of an economic rescue package, struggling to keep the price tag low enough to preserve a few key Senate Republican votes while satisfying House Democrats eager for more spending. Published February 11, 2009
Congress works to preserve fragile stimulus
UPDATED: Congressional leaders began hurried negotiations Tuesday to merge House and Senate versions of an economic rescue package, struggling to keep the price tag low enough to preserve a few key Senate Republican votes while satisfying House Democrats eager for more spending. Published February 11, 2009
Calls for ‘regular order’ grow louder
It lacks the rhetorical flair of "Remember the Maine!" or even "Yes We Can!" but the demand for "regular order" has become a potent rallying cry for lawmakers from both parties unhappy with the way Congress is being run. Published February 10, 2009
Leahy calls for ‘truth commission’
UPDATED: The chairman of the Senate Judiciary Committee Monday called for a "truth commission" with subpoena powers to investigate a string of policies adopted by the Bush administration in the post-Sept. 11 war on terror. Published February 10, 2009
Taxes trip up another Obama nominee
Labor Secretary-designate Hilda L. Solis on Thursday became the fourth senior administration nominee in a month to see their Senate confirmation slowed or scuttled over problems with their taxes. Published February 6, 2009
More Obama nominee tax problems?
A Senate committee abruptly canceled a confirmation vote for Labor Secretary-designate Hilda L. Solis Thursday amid fresh reports of tax problems involving the husband of the California congresswoman. Published February 5, 2009
Madoff whistleblower blasts regulators as inept
The financial analyst who tried to blow the whistle on disgraced Wall Street investor Bernard Madoff lashed out at federal regulators, telling a congressional hearing that the Securities and Exchange Commission was "overmatched" and "totally incapable" of uncovering Mr. Madoff's suspected $50 billion Ponzi scheme on its own. Published February 5, 2009
Whistleblower blasts feds over Madoff
UPDATED: The financial analyst who tried to blow the whistle on disgraced Wall Street investor Bernard Madoff lashed out at federal regulators, telling a congressional hearing that the Securities and Exchange Commission was "overmatched" and "totally incapable" of uncovering Mr. Madoff's suspected $50 billion Ponzi scheme on its own. Published February 4, 2009
Democrats positioned well for 2010
The decision Tuesday by three-term Republican Sen. Judd Gregg to join President Obama's Cabinet as secretary of commerce makes him the fifth Republican incumbent who will not be defending his Senate seat in 2010, handing Democrats a number of opportunities to expand their majority. Published February 4, 2009
Senate votes down add to stimulus
The Senate voted down an amendment Tuesday that would have added $25 billion to the stimulus for more transportation project, a popular economic remedy that fell to Republican concerns over the $885 billion bill's ballooning price tag. Published February 3, 2009
Dodd to change controversial mortgage terms
UPDATED: Senate Banking Committee Chairman Christopher J. Dodd said Monday that he would refinance two questionable low-rate mortgages he received from lending giant Countrywide Financial Corp. in 2003, seeking to put behind him a personal ethics controversy as he prepares to shepherd an overhaul of the nation's financial markets through Congress. Published February 3, 2009
GOP may lose Gregg to Commerce
Republican Sen. Judd Gregg of New Hampshire acknowledged Friday he is being considered for secretary of commerce in President Obama's Cabinet, a move that could have momentous consequences for the balance of power in Congress. Published January 31, 2009
Gregg considered to head Commerce
Republican Sen. Judd Gregg of New Hampshire Friday confirmed intense speculation on Capitol Hill that he is being considered for the post of commerce secretary in President Obama's Cabinet, a move that would have momentous consequences for the balance of power in Congress. Published January 30, 2009
House OKs stimulus plan without GOP
The House approved a massive $819 billion stimulus bill Wednesday evening to boost the struggling economy, but not a single Republican voted for the measure despite a personal lobbying pitch from President Obama. Published January 29, 2009
GOP: Its plan is better jobs machine
House Republicans on Wednesday argued that their alternative stimulus program, heavy on tax cuts, would create nearly 3 million more new jobs than the $816 billion economic recovery plan being pushed by the Obama administration and congressional Democrats -- using the same methodology favored by President Obama's top economic advisers. Published January 28, 2009
House passes $819B stimulus plan
The House approved a massive $819 billion stimulus bill to boost the struggling economy, but not a single Republican voted for the measure despite a personal lobbying pitch from President Barack Obama. Published January 28, 2009
Senate grills SEC on Madoff’s dealings
Key lawmakers Tuesday demanded much tougher government oversight of Wall Street and the securities markets as regulators struggled to explain how they failed to detect the $50 billion Ponzi scheme reportedly operated by financier Bernard Madoff for more than a decade. Published January 28, 2009
