Darrell Issa
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The SEC is being pressed to require public corporations to disclose political donations, a move that could transform the growing world of secret campaign spending. The NYT reports.
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Postmaster General Patrick Donahoe pleaded with lawmakers Wednesday not to block the financially strapped Postal Service from moving ahead with plans to end Saturday first-class mail delivery.
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The plan would save about $2 billion a year, the Postal Service said. The Postal Service has been losing billions of dollars each year as it grapples with massive payments for future retiree health benefits and Americans' increasingly rely on online communications that drives down mail volumes.
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The plan would save about $2 billion a year, the Postal Service said. The Postal Service has been losing billions of dollars each year as it grapples with massive payments for future retiree health benefits and Americans' increasingly rely on online communications that drives down mail volumes.
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CNBC's Hampton Pearson has the latest details on the agency's decision to halt delivery on Saturdays. And, Rep. Darrell Issa, (R-CA), weighs in with his thoughts on the restructuring plans and whether the postal service should be private.
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The Postal Service agreed to the watchdog's recommendations, including better systems to monitor travel card activity and better written expense policies, but the Office of Inspector General is still probing the issue.
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The Postal Service didn't specify what measures it intends to pursue. While it has tried to scale back its expenses, the Postal Service has been banking on Congress passing legislation to overhaul its operations and put it on sounder financial footing.
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WASHINGTON, Jan 7- A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive.
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*Postal Service says it loses $25 million each day. *Outcome for legislation uncertain in new Congress. The cash-strapped mail carrier that lost almost $16 billion in the past year, ran into its legal borrowing limit and defaulted twice on required payments to the federal government, now turns to the newly sworn-in Congress for help.
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WASHINGTON, Jan 1- Republicans in the U.S. House of Representatives are looking to add an amendment to the Senate- passed "fiscal cliff" legislation that would cut spending by $330 billion, Republican Representative Darrell Issa said on Tuesday. Republicans are now weighing whether they will be able to get enough votes to pass such an amendment.
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WASHINGTON, Dec 31- President Barack Obama, in remarks that needled Republicans and resembled a victory lap, said on Monday an agreement with Congress to avoid a "fiscal cliff" of tax increases and spending cuts was in sight. There are still issues left to resolve, but we're hopeful that Congress can get it done. "
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WASHINGTON, Dec 18- Republicans tried to squeeze more concessions from the White House on taxes on Tuesday in political maneuvering for a deal that would prevent the U.S. economy from going over the "fiscal cliff" in the new year.
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WASHINGTON, Dec 18- U.S. House of Representatives Speaker John Boehner emerged from a meeting with fellow Republicans on Tuesday morning pledging to press forward on talks to avert the "fiscal cliff," as hope of a deal rose.
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WASHINGTON, Dec 18- A deal to avert a "fiscal cliff" of U.S. tax hikes and spending cuts looked closer on Tuesday after House of Representatives Speaker John Boehner kept the support of his Republican colleagues for compromises in talks with President Barack Obama.
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The question of how Congress intended federal subsidies to be used in healthcare exchanges lies at the heart of a political debate about whether Washington should be allowed to use premium tax credits to defray the cost of health insurance policies sold on federally operated exchanges.
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WASHINGTON, Oct 26- A $500- million ``green jobs'' program to train U.S. workers for new jobs and help spark recovery from the great recession has fallen far short of its goals, according to a report from the Labor Department's internal watchdog released on Friday.
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WASHINGTON-- President Barack Obama carried the nation's capital in 2008 with 92 percent of the vote, and some local activists hoped he would push to give the District of Columbia representation in Congress and more autonomy in local affairs. Even Obama's staunchest local defenders are upset he's not more vocal on issues important to them.
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Discussing President Obama's executive privilege on the Holder case and what Americans need to hear from the administration, with Purple Nations Solutions co-founders Lanny Davis and Michael Steele; and WABC radio host Mark Simone.
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CNBC's Bertha Coombs reports no deal was made between Chairman Darrell Issa and Attorney General Eric Holder on the ATF documents, and also reports on conflicting news that former Egyptian president Hosni Mubarak is "near death" in a Cairo hospital.
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The General Services Administration spending spree will mean that Congress will have to get to the bottom of what went wrong, Rep. Darrell Issa said Monday.
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Postal Service officials understand the operation needs cutbacks to survive and are willing to work with Congress to do whatever's necessary, Postmaster General Patrick Donahoe told CNBC.