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Jack Reed


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17Vote!

Reed and Whitehouse line up behind financial rescue plan

WASHINGTON -- Rhode Island Sens. Jack Reed and Sheldon Whitehouse have lined up behind the $700-billion financial rescue plan as it heads to a Senate vote. The two Democrats said Wednesday the plan was especially needed to help protect average...

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Reed, Whitehouse say bailout essential for economy

WASHINGTON — Rhode Island Senators Jack Reed and Sheldon Whitehouse joined a 74-to-25 Senate majority yesterday to pass the latest version of the rescue package for the financial system, both calling it essential to the health of the nation’s economy.Reed and Whitehouse also called the bill an improvement over the version that the House unexpectedly killed on Monday, sending legislators...

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Idle Cabinet Speculation

... I like the idea of bringing Summers back. I'm still hoping for Richard Danzig at Defense, but Jack Reed - along with Gates the alternative to Danzig on CQ's list - wouldn't be half-bad. The only problem is that we'd lose a Senate seat in a state with a Republican governor. I'm sure whoever Donald Carcieri picked would lose to Pat Kennedy or James Langevin come 2010, but that's a whole...

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Political Origins of the Financial Crisis

... increasing by a mere one percent per year, Fannie’s mission is of paramount importance,” Senator Jack Reed, a Rhode Island Democrat, lectured Mr. Mudd at a Congressional hearing in 2006. “In fact, Fannie and Freddie can do more, a lot more.” The “Mr. Mudd” referred to is Daniel H. Mudd, then chairman of Fannie Mae and son of the TV newscaster Roger Mudd . The Times notes that politicians...

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Rhode Island senators back financial bailout plan

Rhode Island Sens. Jack Reed and Sheldon Whitehouse have lined up behind the $700 billion financial rescue plan as it heads to a Senate vote.

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Senate passes $700B financial bailout package

... in the economy unseen since the Great Depression."It would be nice to say it's a cure,'' Sen. Jack Reed (D-R.I.) said, "but frankly it's a tourniquet.''"This country faces many serious problems... We must act, but we must act in a way that improves the situation,'' said Sen. Bernie Sanders (I-Ver.) "We can do better than the legislation we are dealing with tonight.'' Others warned...

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Reid: Senate Will Vote on Bailout

... Housing and Urban Affairs Chairman Chris Dodd (D-Conn.), Majority Whip Dick Durbin (D-Ill.), Sen. Jack Reed (D-R.I.), and other Democratic lawmakers who were involved in the negotiations on Tuesday to map out the way forward on the administration’s proposal to save several struggling financial institutions. Reid said that he spoke with White House Chief of Staff Josh Bolten and Democratic...

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R.I. congressmen dismayed by bailout bill's defeat

... skydiving without a parachute,” Langevin said. “I just hope we land on something soft.”Senators Jack Reed and Sheldon Whitehouse issued statements calling for continued efforts to solve the problems in the financial markets.Kennedy and Langevin spoke in the lobby outside the packed House chamber as legislators absorbed the dimensions of the defeat for the congressional leadership...

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Room Service

... sending Schumer, Senate Budget Committee Chairman Kent Conrad, Sen. Max Baucus, and Sen. Jack Reed in and out of the negotiations. Reed, especially, was, according to a Treasury aide, a vocal participant in the negotiations, at one point shouting down Blunt.Overshadowing the negotiations was Sen. John McCain, who had convened an emergency meeting of economic advisers and surrogates...

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HUD awards $19.6 million grant to R.I. for foreclosures

Rhode Island will receive $19.6 million to buy, fix up and sell foreclosed properties as its share of a $3.92-billion federal program aimed at curbing the impact of foreclosures. “Vacant, foreclosed homes can invite crime and drag down neighborhood property values,” Sen. Jack Reed said in a statement announcing the grant award. “This federal aid will help protect homeowners and neighborhoods...