Democrats seize Senate in historic party switch
Democrats gain Senate control as Vermont's James Jeffords leaves the GOP, promising a fair agenda. Daschle vows to push education funding and a patients bill of rights, while Republicans weigh redefining leadership amid the party's internal reckoning.
MENTIONED IN THIS ARTICLE
Washington
Capitol
Senate
Bush
Vermont
James Jeffords
Jeffords
GOP
Sen
Tom Daschle
South Dakota
Daschle
Trent Lott
Mississippi
Olympia Snowe
Maine
John McCain
Arizona
Pete Domenici
New Mexico
Negotiators strive to finish Bush tax package amid upheaval
After days of wrangling in Washington the House Senate conference on the 1.36 trillion dollar 11 year tax cut pressed for a deal ahead of Memorial Day recess. Key points include top rate reductions from 39.6 to 33 36 percent and timing of cuts plus education credits. Senate and House leaders voiced cautious optimism and said a final agreement likely by Friday.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Bush
Sen
Don Nickles
Oklahoma
House-Senate
Trent Lott
R-Miss
Vermont
Capitol
House Ways and Means Committee
Bill ‘Thomas
Calif
Greenspan signals more rate cuts as slowdown lingers
Federal Reserve Chair Alan Greenspan cautions the worst slowdown may not be over and signals more policy relief. He notes the Fed has cut rates five times since January and could act again to prevent a recession amid rising layoffs and cautious consumer spending. Analysts say the economy remains at risk and a soft landing is uncertain.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Greenspan
New York City
Fed
David Wyss
Standard & Poor's
New York
Amtrak Chief Seeks Clear Mission Between Service and Profit
Amtrak president George Warrington urged leaders to decide if the railroad should prioritize national passenger service or self sufficiency. He warned Amtrak could dissolve if subsidies end by 2003 and urged more government rail investment while weighing use of profits to support loss making routes. Warrington cited the 1988 Northeast Corridor as the sole profitable route. He proposed a $30 billion 20 year plan and $12 billion bonds cada decade to fund high speed rail.
MENTIONED IN THIS ARTICLE
Washington
Amtrak
George Warrington
Warrington
National Press Club
Transportation
Norman Y. Mineta
Boston
Congress
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Mitch McConnell
Charles Schumer
D.N.Y
R Ky
Karl Rove
Jettords
Gakiey
Orang
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Ciard
Partridge Inn
Simon's
the Jewelers Loupe
Forbes Travel Ass’ Parlor
Women's Health Associates
Tea Garden
City of Aiken
Sleep Inn
Alpha & Omega
Zoldwell Banker the Hope Chest
Hunter Douglas
PowerRise
Hunter Douglas Priority Dealer
Or Blutt Rd. Amen
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