The IRS will revamp rules made to curb political activity by nonprofits after receiving more than 150,000 comments. The NYT reports.» Read More
WASHINGTON— House and Senate leaders, usually proud sorts, staged showdown votes in their chambers Thursday on measures that are going nowhere. Well before the vote, the measure was known to be dead on arrival in the Democratic-led Senate— and for good measure faced a promised Obama veto.
The measure would allow Congress and the states to limit the money raised and spent in election campaigns by outside groups, candidates and others, curbs that the Supreme Court has weakened in recent years. It has no chance of winning the two-thirds majority needed to clear the Senate, let alone even being considered by the Republican-run House.
In an hour-long press conference on the SEC's doorstep, the Corporate Reform Coalition said that more than a million comments in support of a corporate political spending disclosure rule have been sent to the SEC, a number they called "record breaking." Why is the SEC doing nothing?
WASHINGTON, May 22- Billionaire environmental activist Tom Steyer will give a boost to 2014 political candidates from seven U.S. states who work to combat climate change, countering political support from fossil fuel interests.
May 20- Detroit's plan to deal with $18 billion of debt so it can exit municipal bankruptcy faces a crucial test on Wednesday, when a panel of Michigan state lawmakers votes on legislation, opposed by some conservatives, to provide state funding for the city.
Supreme Court ruling that struck down the overall cap on federal election contributions is sending ripples across American politics, as states have begun backing away from their own restrictions on donations and lawyers are forecasting a new wave of challenges to campaign finance laws nationwide.
NEW YORK-- Mayor Michael Bloomberg will spend at least $10 million of his personal fortune promoting moderate candidates around the country in the final weeks before Election Day, he announced Wednesday, adding himself to the list of wealthy Americans pouring millions of dollars into the 2012 election.
NEW YORK, Oct 4- A billionaire's lawsuit over wine said to be owned by Thomas Jefferson has died on the vine. A federal appeals court in New York ruled on Thursday that William Koch, the founder of Oxbow Group energy company, had waited too long to file a lawsuit against Christie's auction house.
The battle over Proposition 32 on the November ballot follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where efforts to dilute the strength of organized labor have produced political tumult, a flood of TV ads and widespread demonstrations.