BUSINESS
By BLOOMBERG NEWS | January 22, 2005
WASHINGTON - Freddie Mac's 13-member board raised the pay this year for its 11 outside directors by 20 percent to $60,000, said the government-chartered company, which has tried since 2003 to recover from a $5 billion accounting scandal. The board for the McLean, Va.-based company - the second-largest source of money for U.S. home mortgages - also raised directors' compensation per meeting to $1,500 from $1,000, the annual pay for committee chairmen to $10,000 from $5,000, and the annual pay for audit committee chairmen to $20,000 from $10,000.
NEWS
March 10, 2003
WITH WILDFIRES raging across the West last summer, President Bush tried to get Congress to approve a new policy for thinning timber on federal lands, but lawmakers couldn't agree. No matter. Mr. Bush simply created new logging rules without them. Similarly, when Congress couldn't come to terms last year on removing barriers that prevented religious organizations from receiving federal grant money, the president eased the restrictions on his own. And as election-year pressure was building on Capitol Hill to limit patent protections -- and lower prices -- on popular medicines, the president interceded with a modest regulatory curb shortly before voters went to the polls last fall.
NEWS
By David Nitkin and David Nitkin,SUN STAFF | February 17, 2002
Maryland's campaign finance system operates more like a protection plan for incumbent politicians and the business interests who buy access to them, with corporations concentrating their investments on lawmakers who wield the most power in Annapolis, according to new studies that examine four years' worth of state elections data. Donations flow most heavily to a relatively small number of legislative leaders who seldom face serious election challenges, the studies found. Without competition, top lawmakers are often free to redistribute funds to their colleagues, cementing their positions of influence.
NEWS
By David Nitkin and David Nitkin,SUN STAFF | February 17, 2002
Maryland's campaign finance system operates more like a protection plan for incumbent politicians and the business interests who buy access to them, with corporations concentrating their investments on lawmakers who wield the most power in Annapolis, according to new studies that examine four years' worth of state elections data. Donations flow most heavily to a relatively small number of legislative leaders who seldom face serious election challenges, the studies found. Without competition, top lawmakers are often free to redistribute funds to their colleagues, cementing their positions of influence.
NEWS
January 9, 2001
IN AN institution where change can be glacial, last week's developments in Congress were dramatic. They signal a desire by House and Senate leaders to set aside rigid partisanship in hopes of averting gridlock. The Senate's action was historic. Members approved a power-sharing arrangement that reflects the 50-50 split of November's election outcome. Democrats gain nearly equal clout with Republicans on committees, with the power to move their own bills to the floor. Majority Leader Trent Lott called it an exercise in "nonpartisanship."
NEWS
By Tom Bowman and Tom Bowman,SUN NATIONAL STAFF | December 6, 2000
WASHINGTON - The specter of Newt Gingrich is returning to Congress like the Ghost of Christmas Past. In 1994, newly installed House Speaker Gingrich shook up the seniority system and went over the heads of senior members to pick more ideologically compatible committee chairmen. At Gingrich's behest, House Republicans also imposed six-year term limits on committee chairmen. As a result, there is now a free-for-all among GOP lawmakers to move into those vacancies. "This place has now become energized," said Rep. Wayne T. Gilchrest, a Maryland Republican from the Eastern Shore, predicting that rotating many of the committee chairs will produce "thoughtfulness and innovation."