C.V. Starr & Co.: Greenberg’s new AIG?

The New York Times ran a great story on Tuesday about former AIG chief Maurice Greenberg‘s latest venture, the C.V. Starr empire. Reporter Mary Williams Walsh links Greenberg’s new success to the Treasury Department capping executive pay at AIG last week: “That may hasten the exodus of A.I.G.’s talent, sending more refugees into Mr. Greenberg’s …

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Chamber of Commerce chief lambastes health bill

Chamber of Commerce Chief Thomas Donohue strikes out against Obama’s health care plan. (WSJ) Sen. Tom Coburn, also a licensed family physician, is one of the health bill’s most fervent opponents, leading the Republican opposition in Congress. (NYT) Hearings on the climate change bill written by Sens. Barbara Boxer and John Kerry will begin as …

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Project: who will be the next to leave the Chamber?

The Chamber of Commerce has had a challenging couple of weeks. The group has been under fire from all sides for its stance on climate change and other major policy issues. Change to Win, Eliot Spitzer, and Valerie Jarrett have all gotten in on the act. Mother Jones’ investigative team has been cranking on all …

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House Democrats to unveil health bill

Speaker Nancy Pelosi and House Democrats will announce their own health bill today that includes a public option and taxes the wealthiest Americans to pay for it. (Reuters) Under the new financial overhaul bill in Congress, the Federal Trade Commission would have increased authority over banks. (WSJ) Floundering CIT Group rejects a loan from billionaire …

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Public option increases Democrats’ divide

With the inclusion of Sen. Harry Reid‘s public plan, Democrats are now divided on the health bill and Reid may not have the 60 votes he needs to pass it through. (NYT) Two of the health industry’s biggest lobbyists, AHIP president Karen Ignagni and PhRMA CEO Billy Tauzin have different styles on the Hill, but …

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Senate Dems hope for consensus on public option

Sen. Harry Reid confirms he will bring a public option to the Senate floor that states can opt out of. (NYT) Today, the Senate Environment and Public Works Committee will kick off a three-day series of hearings as a precursor to a climate change bill. (Reuters) AOL names a new board of directors to be …

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Democrats give states a choice for national health plan

Senate Democrats are nearing a consensus on the health reform bill that may include a national health plan that states can opt out of, which Senate Majority Leader Harry Reid will likely pass back to the Congressional Budget Office today. (Reuters) The Senate Environment and Public Works Committee, led by Sen. Barbara Boxer, is beginning …

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Fed drafts measure to trim executive pay

The Fed may follow suit with Pay Czar Kenneth Feinberg‘s pay cap of bailed-out firms and regulate executive compensation across the board. (FT) GM CEO Fritz Henderson will get a raise this year to $5.45 million. (Bloomberg) Sen. Harry Reid is taking a risk in still pushing for a public option. (NYT) But Republican Sen. …

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Feinberg cuts compensation at seven firms

Pay Czar Kenneth Feinberg will slash pay for top executive at financial firms receiving bailout funds. (WSJ) Sen. Harry Reid‘s plan to increase Medicare payments to doctors was defeated yesterday in the Senate. (NYT) Hedge fund Galleon Group will liquidate amid founder Raj Rajaratnam‘s insider trading woes. (Bloomberg) Though he denies leaving the job, insiders …

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Kerry negotiates Afghani runoff election

Sen. John Kerry emerges as an Obama foreign policy bargaining chip as he travels to Afghanistan to negotiate the runoff elections there. (WSJ) Treasury Secretary Timothy Geithner says some TARP programs will be shuttered, but the administration will continue to target the core problems of the financial crisis. (Reuters) Emails show that Bank of America …

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Baucus: public option is still an option

Sen. Max Baucus says the public option is still “alive” in the Senate. (WSJ) Sen. Harry Reid and others are inserting provisions into the health care bill to protect their own constituencies. (Bloomberg) Wall Streeters may decrease monetary contributions to Democrats as they try to cap executives’ pay. (NYT) Billionaire investor Carl Icahn offers to …

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