Max Baucus, declaring himself “unconstrained” by electoral politics for the first time since coming to Congress in 1975, placed a 20-month clock on his efforts to push a tax-code rewrite through the U.S. Senate.
Genworth Financial Inc., the seller of life insurance and mortgage guarantees, named former U.S. Senator Kent Conrad to the board of directors as financial firms seek government expertise and influence in Washington.
Representative Paul Ryan, chairman of the House Budget Committee, declared this month that the U.S. national debt “is hurting our economy today.” It’s an idea embraced by almost every Republican and even some Democrats.
Senate Budget Committee Chairman Kent Conrad, a Democrat, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that an economic catastrophe like the debt crisis in Europe or a Middle East conflict may be the only way to spark congressional action this year on a broad reduction of the U.S. deficit.
An economic catastrophe like the debt crisis in Europe or a Middle East conflict may be the only way to get congressional action this year on a broad reduction of the U.S. deficit, Senate Budget Committee Chairman Kent Conrad said.
Nov. 29 (Bloomberg) -- Sen. Kent Conrad (D-N.D.) talks about the importance of the business community's understanding of the fiscal cliff's consequences. He speaks on Bloomberg Television's "Market Makers."