Stories

Republican Sen. Chuck Grassley has made news several times over the past few weeks for aggressive comments related to the bonuses paid to executives in the failed financial services wing of AIG, the insurance giant that has received billions of bailout dollars from the federal government.
If you were wondering how much of it was intentional [...]

Rep. Steve King, R-Kiron, broke from the rest of Iowa’s Congressional delegation, including fellow Republican Tom Latham of Ames, to vote against instituting a 90 percent tax on bonuses for AIG and other financial firms that received bailout funds.

Just as I was publishing my commentary on U.S. Sen. Chuck Grassley’s penchant for sound bites, Iowa’s senior senator unveiled another one:

(Hat tip to Huffington Post.)

President George W. Bush and President-elect Barack Obama have joined forces to request that Congress release the second half of the $700 billion bailout package, but Sen. Chuck Grassley, who supported the bailout initially, has signaled that he will oppose the request.  Grassley is the ranking Republican on the Senate Finance Committee.

The three Democratic members of Iowa’s congressional delegation voted in support of a $14 billion loan package for ailing automakers while the two Republican lawmakers opposed the measure.

In a letter to the leaders of the big three U.S. automakers, Sen. Chuck Grassley said that before receiving a government bailout executives should follow the example of former Chrysler head Lee Iacocca and cut their own pay.
“Lee Iacocca essentially worked for pennies to demonstrate leadership and forcefully prove to his colleagues that he was [...]

U.S. Rep. Dave Loebsack said his vote for the financial bailout bill was “a lot reluctant,” and that the people responsible for the financial crashed should by identified and punished, perhaps even with prison.

Democratic 1st District Rep. Bruce Braley switched his vote on the proposed $700 billion Wall Street bailout, voting to support the measure that finally passed the U.S. House of Representatives this afternoon.
Braley, along with fellow Democratic lawmakers Leonard Boswell and Dave Loebsack, joined with 260 other members of Congress from both parties to pass the [...]

U.S. Rep. Steve King, R-Iowa, tells Forbes magazine that he’s concerned about a negotiated bill on a potential financial bailout of Wall Street getting its first shot in the Senate.
“I am uneasy about a negotiated bill being brought up in the Senate on Thursday and sent over here, because that means there’s less House leverage, [...]

Iowa’s congressional delegation split 2-3 on the $700 billion bailout proposal rejected by Congress today.
Both Iowa Republicans — U.S. Reps. Steve King and Tom Latham — voted against the bill, along with Democratic U.S. Rep. Bruce Braley. Iowa’s two other Democrats, U.S. Reps. Leonard Boswell and Dave Loebsack, went along with the leaders of both [...]