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Our White House Photo Blog features this photo of former Fed Chairman Alan Greenspan testifying before the Financial Crisis Inquiry Commission. As luck would have it, this also happened to be the moment when the power went out at the Rayburn House Office Building:
Over at the Curious Capitalist, our colleague Stephen Gandel has this account of what Greenspan had to say.
TIME’s photo editors bring you the best pictures of the past week from the Beltway and beyond.
More than five months from Election Day, the back-and-forth about Mitt Romney’s record at Bain already feels played out. Unfortunately, there’s good reason to expect the campaign continues in this vein indefinitely. Neither Barack Obama nor Mitt Romney are terribly interested in dwelling on policy platforms. Romney’s plan to slash spending and keep taxes low on the wealthy isn’t especially popular, at least not at any level of detail beyond a blithe promise to shrink the deficit. Meanwhile, Obama’s signature first-term achievements, like health care, the stimulus and Wall Street reform, are all unpopular or tricky to sell. (The Dodd-Frank bill is the most popular of these, but hyping it means offending wealthy donors.) So what we’re getting instead is a superficial duel about character–and, worse, one that’s based on the largely false premise that the better man can better “manage” the economy back to health.
