This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

On Economics, Foreign Policy, Corker Eager To Act

By DONNA CASSATA

WASHINGTON (AP) â¿¿ Republican Sen. Bob Corker is spending a lot of time lately talking to Democrats.

The freshman lawmaker from Tennessee unveiled his own 10-year, $4.5 trillion solution for averting the end-of-year, double economic hit of automatic tax hikes and spending cuts and then spoke briefly last week with Treasury Secretary Timothy Geithner. Deficit-cutting maven Erskine Bowles had forwarded Corker's proposal to White House Chief of Staff Jack Lew.

Corker also was on the phone with Secretary of State Hillary Rodham Clinton for a 15-minute conversation about Libya and other issues. Not only is Corker a senior member of the Foreign Relations Committee, he is poised to become the panel's top Republican next year, with a major say on President Barack Obama's choice to succeed Clinton â¿¿ possibly the divisive pick of U.N. Ambassador Susan Rice â¿¿ and other diplomatic nominees.

Pragmatic and peripatetic, the conservative Corker has been deeply involved in negotiations on the auto bailout and financial regulations during his six years in the Senate, bringing the perspective of a multimillionaire businessman and a former mayor of Chattanooga to talks with Democrats and the White House.

"I don't see him as a partisan," said Democratic Sen. Mark Warner of Virginia, another multimillionaire businessman who has worked closely with Corker on banking and housing issues. "I think he's somebody who's willing to work with anybody who he thinks has a good idea."

Next year, in the Senate's new world order of a smaller Republican minority, the 60-year-old Corker is certain to play an outsized role, not only because of his high-profile standing on the Foreign Relations panel but because he is willing to work across the aisle in his eagerness to get something done. It is something of a rare trait in the bitterly divided Congress and one that often draws an angry response from the conservative base of the GOP.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs