Dec 16 2010

Senators to Offer New Repeal of ‘Don’t Ask’ Following Senate Defeat

Senator Susan Collins, Republican from Maine, and Senator Joseph Lieberman of Connecticut announced shortly after the vote their intention to introduce a new bill to repeal “don’t ask, don’t tell.”Drew Angerer/The New York Times Senator Susan Collins, Republican of Maine, and Senator Joseph I. Lieberman, independent of Connecticut, center, announced shortly after the vote their intention to introduce a new bill to repeal “don’t ask, don’t tell.” Senator Mark Udall, Democrat of Colorado, joined them at the podium.

4:31 p.m. | Updated A Republican senator and an independent senator said today that they will jointly introduce a stand-alone bill to repeal the military’s “don’t ask, don’t tell” policy after a larger defense bill containing the repeal failed to advance in the Senate.

Senate Republicans blocked the attempt to move ahead with the bill that would have repealed the ban on gay troops serving openly in the military. The vote was 57-40, almost entirely along party lines, and three short of the 60 needed.

The vote was a setback to President Obama and the Democratic leadership, who have made repealing the Clinton-era policy a key priority. And it short-circuited the efforts of a handful of Republicans who said they supported a repeal but wanted more time to negotiate the process of debating and voting on the measure.

The lawmaker leading that effort, Senator Susan Collins of Maine, voted in favor of the motion but was not joined by any of her colleagues. Ms. Collins and Senator Joseph I. Lieberman of Connecticut, an independent, announced shortly after the vote their intention to introduce a new bill.

“I am convinced that there are 60 or even 61 or 62 votes to repeal ‘don’t ask, don’t tell’,” Ms. Collins told reporters. “I’m extremely disappointed that the Senate majority leader walked away from negotiations in which we were engaged and which were going well.”

A spokesman for Senator Harry Reid, the majority leader, said Mr. Reid will co-sponsor the stand-alone legislation. “We do intend to take a free-standing bill to the floor,” said Jim Manley, a spokesman for Mr. Reid.

But a bill focused solely on repealing the “don’t ask, don’t tell” policy faces steep challenges, including the likelihood that supporters of the policy in the Senate could seek to offer numerous amendments during a debate over the legislation.

In a statement, President Obama said he was disappointed that “yet another filibuster” by Republicans had blocked the defense bill and the provisions to repeal the “don’t ask, don’t tell” policy.

“A minority of Senators were willing to block this important legislation largely because they oppose the repeal of ‘Don’t Ask, Don’t Tell,’” Mr. Obama said. “While today’s vote was disappointing, it must not be the end of our efforts. I urge the Senate to revisit these important issues during the lame duck session.”

Mr. Reid had called for the procedural vote on the overall defense bill despite having failed to reach agreement with the Republicans on how to proceed. In a statement after the vote, Ms. Collins said those negotiations were “going well” and she accused Mr. Reid of walking away from the discussions.

Republicans had earlier indicated that without an agreement about the number of amendments and the timing of the debate, they would vote against moving forward to vote on the legislation.

Advocates of repealing the policy criticized the vote, saying the effort to allow gays to serve openly in the military had fallen victim to political squabbles in the Congress. One newly elected Democrat, Senator Joe Manchin of West Virginia, also voted against the measure.

“Today leaders of both parties let down the U.S. military and the American people,” said Joe Solmonese, president of Human Rights Campaign. “Instead of doing what is right, ‘the world’s greatest deliberative body’ devolved into shameful schoolyard spats that put petty partisan politics above the needs of our women and men in uniform.”

Mr. Solmonese vowed that “this fight is too important to give up despite this setback and we will continue fighting in this lame duck session. It’s not over.”

A veterans group also expressed anger at the vote, which delays approval of the massive military spending bill to which the repeal was attached. The Congress has not failed to pass a military spending bill for decades.

“By voting to filibuster the Defense Authorization Act, today, a minority of Senators have betrayed our troops,” said Ashwin Madia, interim chairman of VoteVets.org. “Leaving aside ‘Don’t Ask, Don’t Tell,’ this bill is crucial to our military readiness, and funding our troops in harm’s way.”

Prior to the vote, Mr. Reid conceded that that the failure to reach an agreement could doom the effort to repeal the policy, which has been a key priority for President Obama and gay activists.

“Despite the critical importance for our troops, for our nation, and for justice that we get this bill done, we have not been able to reach an agreement,” Mr. Reid said this afternoon. “And I regret to say that it is our troops who will pay the price for our inability to overcome partisan political posturing.”

Mr. Reid’s decision to move forward in an attempt to force a vote caught senators off guard, including Ms. Collins, who had been negotiating with Mr. Reid about the terms of the debate.

In an impassioned, impromptu speech, Ms. Collins complained that she wanted to vote in favor of the overall bill, including the repeal provision, but could not do so without an agreement on the process first.

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Dec 15 2010

Debt-Reduction Advocates Offer New Year’s Resolution

President Obama’s Treasury secretary and budget director met at the White House with members of his bipartisan debt-reduction commission Thursday morning and agreed that the administration should lead an effort in the coming year to press for the sort of long-term spending cuts and revenue increases that a commission majority recommended last week.

Participants said the discussion centered on the need for a deficit-cutting agreement before mid-2011, by which time Congress will have to approve an increase in the federal debt limit so the government can keep borrowing to meet existing obligations.

Many Republicans warn that they will oppose a hike in the debt limit – a threat that could unnerve markets and, if carried out, trigger a government default – unless deep spending cuts are in place. Mr. Obama and Democrats oppose the scale of cuts Republicans propose, and Republicans have offered few specifics.

After the White House meeting with Treasury Secretary Timothy F. Geithner and Jack Lew, Mr. Obama’s budget director, the bipartisan co-chairmen of the fiscal commission issued a statement calling on Mr. Obama to launch negotiations with leaders of both parties when Congress returns in January and to propose his own debt-reduction plan in his budget and State of the Union address early in the year to get the talks underway.

“Our country needs a comprehensive plan to restrain spending across the federal budget, enact broad-based tax reform that lowers rates and reduces the deficit, take steps to bring down health care costs, and make Social Security solvent for the next 75 years and beyond,” said the chairmen, Erskine B. Bowles, a former chief of staff to President Bill Clinton, and Alan K. Simpson, a former Senate Republican leader.

They called the commission recommendations toward those goals “a serious and substantive starting point for the tough choices.”

The package got bipartisan support from 11 or the 18 commission members, but it needed a 14-vote supermajority to be sent to Congress for action.

Ten commission members and Mr. Bowles attended the meeting with Mr. Geithner and Mr. Lew. Of the 11 total attendees, nine were supporters of the panel’s work, including four senior senators, two from each party, who will be returning in the new Congress in January.

According to attendees, the senators and other commission members told Mr. Geithner and Mr. Lew that the need to approve a long-range plan is all the more important now, assuming that the White House and Congressional Republicans will win approval soon for their deal approving nearly $900 billion in additional short-term tax cuts and unemployment assistance spending to spur the economy.

The fiscal commission and other groups that have proposed debt-reduction plans agree that some increase in current annual deficits are needed to spur the economy, and that budget cuts should not occur before 2012 or later.

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Dec 4 2010

Groupon Said to Reject Google’s Offer

9:49 p.m. | Updated In an unexpected move, Groupon has walked away from Google’s $6 billion takeover offer, according to a person close to the company, who was not authorized to discuss the matter publicly. The brush-off, first reported by The Chicago Tribune’s Breaking Business Web site on Friday evening, at least temporarily thwarts Google’s [...]


Dec 1 2010

Icahn Alters Offer for Lions Gate

Rick Maiman/Bloomberg News Carl C. Icahn. Carl C. Icahn has extended his tender offer for shares of the Lions Gate Entertainment Corporation until Dec. 10 and altered the conditions of the bid. The offer is good until 11:59 p.m. Pacific Daylight Time. Mr. Icahn said on Tuesday that he had retracted two of the chief [...]


Nov 30 2010

Rattner Assails Cuomo Offer

David Guralnick/Detroit News, via Associated Press Steven L. Rattner In a strongly worded, previously undisclosed correspondence, a lawyer for Steven L. Rattner, the financier ensnared in a wide-ranging investigation of suspected kickbacks, described a proposed payment of at least $20 million to the New York attorney general office as excessive, “misconceived” and “wholly untethered from [...]


Nov 30 2010

Air Products Extends Offer for Airgas

The takeover battle for Airgas will continue to run on as both sides await a decision from the Delaware Chancery Court on the company’s poison pill. On Tuesday, Air Products and Chemicals said it would extend its tender offer through Dec. 17. The offer — for all outstanding shares of Airgas at $65.50 a share [...]