Mar 26, 2010

What just happened?! Reform-o-rama edition

Let's recap this crazy/awesome week:

  • At an emotional, and at times raucus, signing ceremony, President Obama made a health care reform bill passed by the Senate in December and by the House of Representatives late Sunday night into law.

  • Both houses of Congress also approved a budget reconciliation bill that contains some important fixes to the original health care bill. The President is expected to sign that bill soon.

  • Also in the reconciliation bill was an overhaul of the federal student loan program that hugely expands the Pell grant program, helps lower-income graduates struggling with debt, and saves billions of dollars by taking private banks out of the equation, redirecting most of that money to new education initiatives.

  • Speaker Nancy Pelosi has earned a lot of praise for her role in passing these landmark reforms. Meanwhile, Health and Human Services Secretary Kathleen Sebelius's job description just got a little meatier.

  • Some House Democrats are facing violent threats after supporting health care reform.

  • The Nation's profile of Secretary of Labor Hilda Solis and the team she's assembled at the Department of Labor is pretty flattering, but it also sheds some light on the ways in which the agency was allowed to fall into dysfunction under the previous administration.

  • Connecticut Senator Chris Dodd's financial regulatory reform bill passed the Senate Banking Committee this week, and Dodd (the Committee's chair) plans to bring it to the Senate floor for a full vote in April.

  • The White House is launching a new offensive against the foreclosure crisis, planning broad new initiatives to help stuggling homeowners, including elements aimed at reducing payments for unemployed Americans looking for work, and a program to refinance loans for homeowners who owe more than what their houses are worth.

  • No matter how much reforming we do, some things never change. People are still interested in Tiger Woods.


moriko said...

I think nobody can be brief as like your post!

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creena said...

That is one of the most incredible feelings on Earth.

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