What happens in the Florida Primary is not just important to Florida, Romney, Gingrich and the gang. This is a campaign year for everyone in the House of Representatives and a third of the Senate. And while Republican House Majority Leader Eric Cantor is in a safe seat in his own district he's leading the charge to get more GOP members into the House and Senate.
Senate Majority Leader Harry Reid announced Thursday that Congress has struck a deal to fund the Federal Aviation Administration, ending a weeks-long partisan impasse that kept 4,000 FAA workers off the job, and tens of thousands out of work in airport construction. The Senate will ensure that a deal can be made before lawmakers leave for August vacation, and the bill will fund the agency through September 16.
This whole week, in honor of the upcoming holidays, we’re exploring the notion of home — what home feels like and sounds like, and how you define home.
We kick off the week in the simplest way: with an exploration of the structure of a home — and what we consider absolutely necessary, regardless of its budget or square footage.
Congress will face public pressure this week as it tackles a series of hot-button issues. In the House, the Financial Services Committee has called for a hearing on the "flash crash" that took place last Thursday when the Dow Jones Industrial Average fell nearly 1,000 points in just 30 minutes. And Senate Majority Leader Harry Reid is hoping to get the financial reform bill complete by the end of the week.
The Senate's robust health care reform bill is in jepoardy after Massachusetts elected Republican Scott Brown to fill the Senate seat left vacant by the death of Senator Ted Kennedy. David Leonhardt, economics columnist for our partner The New York Times, says there are really only two scenarios left at this point — and they hinge on whether the House will decide to forgive what members percieve as mistreatment by their colleagues in the Senate, and pass the bill.
A report from the New York Attorney General’s Office says top-dog bankers are rolling in huge bonuses, and the House of Representatives is set to vote on a pay-reform bill today that aims to put a cap on some of those compensation packages. Chairman of the House Financial Services Committee, Barney Frank is leading the fight in the House and joins The Takeaway to talk about the bonuses.
Click through for a transcript of the conversation with Rep. Frank.
Watch Rep. Barney Frank discuss single payer health care in the video below.
"We live a crap lifestyle. We eat the wrong food, and we don't have to be this sick. We live on supermarket junk and pharmaceuticals. We're just a slightly healthier version of Michael Jackson."
—Bill Maher