DeFazio, D- Ore., said the Formosa Mine, which is on federal and private land outside Riddle, illustrates what is wrong about the 1872 Mining Act: the Canadian companies that reopened the mine in the 1990 s have disappeared; the bond put up for cleanup was nowhere near enough to cover the true costs; and the federal government never got a penny in royalties.» Read More
President Barack Obama on Wednesday ordered a new crackdown on federal contractors who don't pay their taxes.
President Barack Obama's choice to lead the Transportation Security Administration withdrew his name Wednesday, a blow to an administration trying to explain how a man could attempt to blow up a commercial airliner on Christmas Day.
The stinging defeat in Massachusetts energized congressional Republicans and left Obama and the Democrats with fallback options that range from bad to worse on health reform.
President Obama and his Democratic Party have declined considerably in popularity in the year since he took office, weighed down by public discontent over the economy and the health care debate in Congress, according to a new NBC News/Wall Street Journal poll.
Times Square was hit by a flash mob of "homeless" Uncle Sams today, who were there giving the Naked Cowboy a run for his money, asking passerbys if they could spare some change —$12 trillion, to be exact.
One day shy of his first year as President, Barack Obama faces the biggest threat to his incumbency and possibly to his power.
The Democratic party must feel the same sense of chaos as Tuesday dawns and the "safest" spot in the Senate, the late Ted Kennedy's seat, goes to the voters with the outcome very much in doubt.
This weekend, Democrats are struggling to hang on to a seat held by Mr. Kennedy for 46 years in one of the most enthusiastically Democratic states in the country. Conservatives are enjoying a grass-roots resurgence, and Republicans are talking about taking back the House in November.
Senate banking negotiators are discussing plans that could significantly weaken - or even jettison - President Barack Obama's proposed independent consumer finance agency.
President Obama’s misbegotten bank tax is precisely the wrong policy at precisely the wrong time. It will wind up backfiring across the board.
President Obama’s proposed bank tax is already sparking strong debate from Washington to Wall Street.
President Obama's proposed bank tax will not damage the economy and is a fair way to reimburse taxpayers for the Wall Street bailout, Treasury Secretary Timothy Geithner told CNBC.
Should someone in Idaho or Nevada have significantly different health care coverage from someone in Massachusetts? That, essentially, is one of the biggest questions Congress will be wrestling with as it tries to meld House and Senate bills into a single law to revamp the nation’s health care system.
On Wednesday, the first hearing of the Financial Crisis Inquiry Commission will take place in Washington. The New York Times has some questions that Congress should consider asking the Wall Street CEOs in attendance.
Health care reform is "hanging on by a thread," and one or two votes could determine the outcome of the heavily-debated bill, Democratic Senator Chris Dodd told CNBC Monday.
The polls are open for the annual Porker of the Year vote from Citizens Against Government Waste (CAGW), and the Democrats have an early lead with four out of the six nominees.
Democratic reforms, like rolling back Bush tax cuts and the health care bill, are not an attack on the wealthy, house Majority Leader Stony Hoyer (D-Md.) told CNBC Thursday.
Reports that Senator Chris Dodd (D-CT.) and Byron Dorgan (D-ND) are not seeking re-election this year are surprising to some but the two Democrats have added their names to a growing list of retirements from both political parties.
Why did Mr. Greenspan and Mr. Bernanke miss the housing bubble? The New York Times explains.
Time magazine's Man of the Year Ben Bernanke gave a speech this past weekend, and at first I thought he was defending the excessively loose monetary policy that led to the recent crisis.
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