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For other uses, see, Learn how and when to remove this template message, "Philip Graham, 48, Publisher, a Suicide", Who Said It First? McCain strongly denounced Gramm's comments.

He was married to Katharine Graham, a daughter of Eugene Meyer, the previous owner of The Washington Post. While running the Washington Post and other parts of the Post Company, Graham played a backstage role in national and local politics.

Though he began his political career as a Democrat, Gramm switched to the Republican Party in 1983. He joined UBS in 2002 immediately after retiring from the Senate.[47].

Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000. "[39] During his years with the Post Company, Graham helped The Washington Post grow from a struggling local paper to a national publication and the Post Company expand to own other newspapers as well as radio and television stations.

One half brother, Bob Graham, is a former governor of the state of Florida (1979–1987) and a former United States Senator representing Florida from 1987 to 2005.

In 1961, Kennedy named Graham to serve as an incorporator for the Communications Satellite Corporation, known as COMSAT, a joint venture between the private sector and government for satellite communications.

Gramm endorsed U.S. He passed away on September 18th, 2015 leaving behind his wife Kathy, three sons (Chris, Adam, Eric) a daughter in law (Jessica) and two grandchildren (Aiston and Evelyn).

U.S. [32], In January 2009 Guardian City editor Julia Finch identified Gramm as one of twenty-five people who were at the heart of the financial meltdown. As of 2009, Gramm is employed by UBS AG as a vice chairman of the Investment Bank division. Gramm was the first U.S. Senate candidate in the history of Texas to receive more than three million votes.

Gramm's amendment would have allowed the George Bush administration to waive the terms of the D'Amato Amendment if it found that sanctions against Iraq hurt US businesses and farms more than they hurt Iraq. August 16, 2019. William Philip Gramm (born July 8, 1942) is an American economist and politician who represented Texas in both houses of Congress. At the microphone he made a number of provocative comments, including the revelation that Kennedy was sleeping with Mary Pinchot Meyer. Broncos Host Tampa Bay - September 25, 2020; There’s Gold in Them Thar Hills - September 25, 2020; …

He was reelected to his House seat as a Democrat in 1980.

Katharine Graham received 30 percent as a gift. They raised 3 children together and have 2 grandchildren.

People have raised more money on GoFundMe than anywhere else. Phil received 70 percent of the stock, his purchase financed by his father-in-law. He was raised in Miami where his father, Ernest R. ("Cap") Graham, made a career in farming and real estate, and was elected to the State Senate. [6][7][8][9] In 1981, he co-sponsored the Gramm-Latta Budget which implemented President Ronald Reagan's economic program, increased military spending, cut other spending, and mandated the Economic Recovery Tax Act of 1981 (the Kemp-Roth Tax Cut).

In 1960, he helped persuade his friend John F. Kennedy to take Lyndon Johnson on his ticket as the vice presidential candidate, personally talking with both men multiple times during the 1960 Democratic National Convention in Los Angeles, California. The judge in the case ruled that Graham had died intestate. A compromise was eventually reached whereby Katharine Graham gave up part of her inheritance in favor of her children. The organizer has currently disabled new donations to this fundraiser.

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In October 1961, he was appointed chairman of the group. to determine if federal programs were worthwhile. Learn how and when to remove this template message, Gramm–Rudman–Hollings Balanced Budget Act, Commodity Futures Modernization Act of 2000, U.S. Senate Committee on Banking, Housing, and Urban Affairs, List of United States Representatives who switched parties, Phil Gramm Launches DC Firm – First Street Research Group, "Biographical Directory of the United States Congress",,, Florence Gramm, mother of former senator, dies at 91, 1979 American Conservative Union House ratings, Rhode Island-Texas, 1980 American Conservative Union House ratings, Rhode Island-Texas, 1981 American Conservative Union House ratings, Rhode Island-Texas, 1982 American Conservative Union House ratings, Rhode Island-Texas, "Treasury Head Defends Plan for Ending Deficit",, "Gramm, After a Torrid Start, Slips and Slides in 1996 Race", Bill Summary & Status - 106th Congress (1999 - 2000) - S.3283 - THOMAS (Library of Congress), "McCain guru linked to subprime crisis – Lisa Lerer", On the passage of S.900: Financial Services Act of 1999, Record Vote No: 570, On Agreeing to the Conference Report, S. 900 Financial Services Modernization Act, roll call 570, 106th Congress, 1st session, S.900 as reported by conferees: Financial Services Act of 1999, Record Vote No: 354, On Agreeing to the Conference Report, S.900 Gramm-Bliley-Leach Act, roll call 354, 106th Congress, 1st session, "Phil Gramm: I Didn't Cause the Subprime Crisis – Capital Commerce", "Anderson Cooper 360: Blog Archive – Culprits of the Collapse – No. In 1954, Graham was the leading force behind the founding of the Federal City Council, a highly influential group of business, civic, education, and other leaders interested in economic development in Washington, D.C. Graham was one of four children. In 1948, Meyer transferred his actual control of the Post Company stock (the company was privately owned) to his daughter Katharine Graham and her husband Phil.

He can win the general election. On June 5, 1940, she married Philip L. Graham, a Harvard Law School graduate and clerk for Supreme Court Justice Felix Frankfurter. Latest posts by Dan R . Another special election opponent was Texas State Representative Dan Kubiak of Rockdale, Texas. In 1957, he suffered a severe manic episode and, at the time, no medicines were available for effective treatment. [29], 2008 Nobel Laureate in Economics Paul Krugman, a supporter of Barack Obama and former President Bill Clinton, described Gramm during the 2008 presidential race as "the high priest of deregulation," and has listed him as the number two person responsible for the economic crisis of 2008 behind only Alan Greenspan.

When Meyer left the World Bank later that year, he took the title of chairman of the board of the Washington Post Company, leaving Graham as publisher.

During the 1960 campaign, he wrote the drafts for several speeches that Johnson gave.

He threw his support to senatorial colleague Robert J. Dole of Kansas. Gramm's comments immediately became a campaign issue. [21], Some economists state that the 1999 legislation spearheaded by Gramm and signed into law by President Clinton—the Gramm–Leach–Bliley Act—was significantly to blame for the 2007 subprime mortgage crisis and 2008 global economic crisis. On March 16, 1970, the ABC affiliate station in Miami, Florida (then WLBW-TV), changed their call letters to honor Phil to WPLG-TV; The Washington Post Company (later called Post-Newsweek Stations, and now known as the Graham Media Group) owned the station until it was sold to Berkshire Hathaway in 2014. While running the Washington Post and other parts of the Post Company, Graham played a backstage role in national politics. He defeated Victor Morales of Dallas in November 1996 to win what would be his final term in the Senate. On August 3, 1963, after Graham had made repeated requests of his doctors to be allowed a short stay away from the hospital, and "quite noticeably much better", according to his wife, he was permitted to go to their farmhouse in Virginia, Glen Welby, for the weekend. Gramm was born on July 8, 1942 in Fort Benning, Georgia, and grew up in nearby Columbus. [1] He was a senior economic adviser to John McCain's 2008 presidential campaign. Receive email updates when there are changes to this story. At the microphone he made a number of provocative comments, including the revelation that Kennedy was sleeping with Mary Pinchot Meyer. In 1962, the Post Company again expanded into the magazine field by buying Art News, the most widely read monthly in the art field, and Portfolio, a hard-cover art quarterly, from Albert M. Frankfurter. Phil received 70 percent of the stock, his purchase financed by his father-in-law. On June 5, 1940, he married Katharine Graham, the daughter of Eugene Meyer, a multi-millionaire and the owner of The Washington Post, a struggling newspaper at the time.

[2] In addition to teaching, Gramm founded the economic consulting firm Gramm and Associates (1971–1978). He is married to Wendy Lee Gramm, a native of Hawaii, who is associated with George Mason University's Mercatus Center in Virginia.

Gramm became the first Republican to represent the district since its creation in 1846.

In 1957, he had a severe manic episode and, at the time, no medicines were available for effective treatment. In 1961, the Post Company purchased the controlling stock interest in Newsweek from the Vincent Astor Foundation.

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