The Obama adminstration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue. The adminstration wants to keep some of the unspen
I have seen plenty of smarmy looking congressmen over the decades, but this photo of Rep. Bob Filner (D-Cal) probably takes the cake.
Former President Bill Clinton knows just how high the political stakes are in the fight to overhaul America's health care system. His failed attempt to revamp the delivery of medical care contributed to the Republican takeover of the House and Sen
Will the Federal Hate Crimes Legislation turn ministers into criminals? What has final say, free speech or federal PC police? Who wins out: lone pastors tending their flocks or the power of the U.S. federal behemoth?
As Washington reels from the news of 17.5% unemployment, a report describing the wealth of members of Congress. 237 members of Congress are millionaires. That’s 44% of the body – compared to about 1% of Americans overall.
Pro-Lifers are having second thoughts about how valuable getting the Stupak Amendment passed was. There's nothing to keep the pro-life amendment in any bill which emerges from a conference committee.
The idea behind the $787 billion stimulus bill is that government can create jobs by spending money. For now, let's ignore fact, history, and economic theory and assume that government spending can actually create jobs. In that case, we should expe
Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets — a strategy that could cause permanent and costly market distortions, a government watchdog says. At the peak of the financial crisis, taxpayer money g
House Financial Services Committee chairman Barney Frank, under fire (being lobbied) from some fellow Democrats and consumer groups for carving out what they call loopholes in legislation designed to prevent another economic meltdown, said in a lette
The bill, costing $24 billion, would provide every American running out of unemployment insurance benefits this year with an additional 14 weeks. The out-of-work in states with jobless rates at >8.5% would get 6 more weeks on top of that.
You rip open the envelope and there it is: Another darned photo-enforcement traffic ticket. It's from your favorite municipality. You can pay $40 now or $80 later. You can also contest it, the infraction letter says, and that's a laugh. You remember
J. P. Morgan Securities will forfeit hundreds of millions of dollars in fees on derivatives contracts that it sold an Alabama county, under a settlement announced that could offer hope to other governments staggering under similar deals.
Remember when the White House claimed the feds needed to pass the trillion dollar stimulus in order to “save” jobs and rebuild our crumbling infrastructure? Here's a list of some of the projects--such as $3.4 million 13 ft. tunnel for turtles in Flor
Pensions for top U.S. executive rose by an average of 19% last year, and more than 200 officers saw their retirement savings surge by as much as 50%, even as their companies stock prices fell. Pensions rose as a result of generous formulas and some l
A measure sponsored by Republican Sens. Lindsey Graham and John McCain and Independent Joe Lieberman would block the Justice Department from spending any funds to prosecute detainees from the Cuban island jail.
Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.
A temporary measure that would keep the U.S. government running through December 18 cleared Congress on Thursday, giving lawmakers more time to work on spending bills for the current fiscal year.
The request has sparked cries of censorship from Republicans who say the Democrats don't like what the August report said: that the government of Honduras had the authority to remove President Manuel Zelaya from office.
Well, it hasn't been completely capitalistic, but what was capitalistic is eroding, quickly.
With a faltering economy, multiple wars, and the approaching demise of the dollar’s reserve status, there are more than enough problems to keep politicians in Washington working day and night. In between handing out cash for clunkers and nationalizi
Senators diverted $2.6 billion in funds in a defense spending bill to pet projects largely at the expense of accounts that pay for fuel, ammunition and training for U.S. troops, including those fighting wars in Iraq and Afghanistan.
Showtime resumes from 9-10 AM, with a one hour time slot. This week on Waking Up Orwell we will be speaking to Jim Turner, a Washington attorney representing Citizens for Health, an organization suing the FDA for approving the H1N1 swine flu vacci
One year after financial markets faltered worldwide, U.S. lawmakers are determined to write a softer package of regulatory reforms than those requested by the Obama administration. "End users" such as airlines and utilities would not be required to p
The committee will focus this week on bringing the $450 trillion market in over-the-counter derivatives under federal regulation and creation of an agency to protect consumers from risky financial products.
Nestled in Ohio's Amish country, Belden's 124-year-old family owned brick company has thrived on the region's rich red clay and shale, and cheap energy from abundant coal. Which he's convinced a climate bill considered in Congress will end.
The House voted Thursday to expand the definition of violent federal hate crimes to those committed because of a victim’s sexual orientation, a step that would extend new protection to lesbian, gay and transgender people.
Assaulting people because of their sexual orientation would become a federal hate crime in legislation the House is set to vote on Thursday. The bill would significantly expand the hate crimes law enacted in the days after Martin Luther King Jr.'s as
A Senate Democrat who's been worried about the impact of impending climate and energy legislation on manufacturing said Wednesday that he'd back the historic legislation if it contains enough investment incentives and protection for American busines
Like most Americans, members of the House are expected to report promptly when summoned by their bosses for the start of another workweek. For lawmakers, starting time doesn’t come until about 6:30 Tuesday evening.
Goldman Sachs Group Inc (GS.N), legendary for its clout in Washington, has inexplicably halted its political fund-raising machine. The strange twist comes at a time when Wall Street's biggest and most powerful investment bank, nicknamed Government