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Entries in chingyu Wang (134)

Thursday
May062010

Pelosi: House Will Raise BP's Liability For Oil Spill From $75 Million To $10 Billion

House Speaker Nancy Pelosi (D-Calif.) said Thursday that the House will pursue legislation to raise the liability of those responsible for oil spill from $75 million to $10 billion. (0:29)
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Thursday
May062010

Bill To Revoke American Terrorists Of Their Citizenship Raises Questions, Says Pelosi

House Speaker Nancy Pelosi (D-Calif.) expresses hesitation over legislation introduced by Sen. Joe Lieberman's (I-Conn.) to revoke citizenship of those involved with terrorism.

Pelosi says there are still important questions that need to be answered. (0:25)
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Thursday
May062010

Pelosi Defends Administration On Times Square Response

House Speaker Nancy Pelosi (D-Calif.) countered Republican criticism that the Obama administration is relying too much on luck in confronting terrorism. (0:22)
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Wednesday
May052010

Times Square Bomber Still Cooperated After He Was Mirandized, Says Sen. Kaufman

Sen. Ted Kaufman (D-Del.) says that the Times Square bomber, Faisal Shahzad, cooperated before and after he was mirandized and that critics are being hypocritical. (0:38)
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Wednesday
May052010

People Can Not Rely On The Fed To Solve Terrorism Problem, Says Senator Kaufman

Sen. Ted Kaufman (D-Del.) says the nation can not solely rely on the federal government to fight against terrorism. (0:13)
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Wednesday
May052010

We Need To Go To The Terrorist To Protect The Nation, Says Senator

Sen. Ted Kaufman (D-Del.) says the key to success in frustrating any of these massive terrorist attacks is to go to the enemy, which is in the hills of Pakistan. (0:30)

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Wednesday
May052010

'Movie Stars' In Congress Should Change, Says Rep. Wolf

Rep. Frank Wolf (R-Va.) says that he believes this administration's engagement in Sudan has failed to recognize the true nature of Bashir and the NCP, and hopes the 'movie stars' can change. (0:50)
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Tuesday
May042010

House Speaker Pelosi Insists On Passing Energy Bill Despite Oil Spill

House Speaker Nancy Pelosi (D-Calif.) said Tuesday that the massive oil spill in the Gulf Coast must not deter Congress from passing new energy legislation. (0:45)
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Tuesday
May042010

Congress Must Focus On Preventing Future Oil Drilling Disasters, Says Rep. Miller

Rep. George Miller (D-Calif.), who accompanied Pelosi, said that the prevention of future offshore drilling disasters must be an important goal for lawmakers.

“[Congress must determine] whether or not we have a prevention system and a clean up system that is worthy of this century,” said Miller. (0:28)
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Friday
Apr302010

Franken: Under Health Care Reform, Insurance Providers Will Have To Allocate More Toward Care, Less Toward Ads

Sen. Al Franken (D-MN) said Friday that a provision in the new health care reform law requiring insurance providers to put at least 80% of premiums toward actual health services, instead of marketing campaigns, salaries or administrative costs, is expected to help curb increases. (0:41)
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Friday
Apr302010

Health Care Reform Slowing Rise Of Insurance Rates, Says Sen. Franken

Sen. Al Franken (D-Minn.) told reporters Friday that the rising cost of health care premiums does not mean that health care reform is not working.

“The purpose of this is to slow the growth. Premium rates are going to continue to go up, they are just not going to go up at the unsustainable pace they were,” Franken said. (0:49)
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Friday
Apr302010

Illinois Democrat: Insurance Providers Will Soon Need To Publicly Justify Rate Increases

According to Rep. Jan Schakowsky (D-Ill.), insurance providers will soon be required to provide customers with the justifications for rate increases. Schakowsky noted that companies that fail to provide this service will be banned from participating in the insurance exchanges set up through the law. (0:39)

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Thursday
Apr292010

Treasury Secretary: Mortgage Servicers Are Not Doing Enongh

Treasury Secretary Timothy Geithner accused mortgage service companies of not providing adequate assistance to Americans at-risk of losing their homes. (0:40)
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Thursday
Apr292010

Big Financial Institutions Need To Be Broken Up, Says Sen. Sanders

Sen. Bernie Sanders (I-Vt.) points out that four financial institutions control $7 trillion. Sanders says that their size poses a systemic risk and that they should be broken up to counter it. (0:35)
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Thursday
Apr292010

Separate Consumer Watchdog Agency From The Fed, Says Senator

Sen. Bernie Sanders (I-Vt.) says Thursday that the the proposed Bureau of Consumer Financial Protection should not be housed inside the Federal Reserve. (0:21)
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Wednesday
Apr212010

Small Business Advocate Says Wall Street Reform Will Solve 'Too Big To Fail'

Frank Knapp, President and CEO of the South Carolina Small Business Chamber of Commerce, says Wednesday that without Wall Street reform, so-called "Too Big To Fail' institutions will fail again. (0:43)
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Wednesday
Apr212010

Financial Reform Ensures Fair Competition, Says Colorado Democrat

Sen. Michael Bennet (D-Colo.) says on Wednesday that the proposed Consumer Financial Protection Agency (CFPA) within the Wall Street Financial Reform bill will ensure fair competition in the market. (0:28)
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Wednesday
Apr212010

Wall Street Reform Provides Strong Consumer Protections, Says Durbin

Sen. Dick Durbin (D-IL) says on Wednesday that the Senate's version of financial reform includes "the strongest consumer financial protection in the history of the United States," and will "guarantee that mortgages won't explode." (0:37)
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Wednesday
Apr212010

Big Banks Would Repay Bailout Money Under New Wall Street Regulations, Says Top Senate Democrat

Senate Majority Whip Dick Durbin (D-IL) says Wednesday that under rules of a financial regulatory reform bill making its way through the Senate, 'Too Big To Fail' banks that received bailout funds would be forced to pay back taxpayers back. (0:39)
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Tuesday
Apr202010

Arizona Bill A "Bad Law," Says Rep. Gutierrez

Rep. Luis Gutierrez (D-IL) says that the Arizona State Senate anti-immigration bill is a "bad law." (0:15)
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