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
The Senate Judiciary Committee has voted to approve Supreme Court nominee Sonia Sotomayor to be the first Hispanic justice.
Government-run insurance could not be worse than what small businesses already face.
A new government health insurance plan sought by President Barack Obama and congressional Democrats could coexist with private insurers without driving them out of business, an analysis by nonpartisan budget experts suggests.
Healthcare reform is the hot topic in Washington these days as President Obama pushes for a bill he can sign this fall. Many analysts say something should be done to change the system while others say the system is not broken and even if it is, the Obama plan would not work. Here are two opposing views from our guest bloggers Tony Fratto and Julie Roginsky.
Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s...It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute, writes William Dunkelberg, Economics Professor at Temple University.
President Barack Obama stepped up his us-against-them pitch for overhauling health care Thursday, saying the American people need it and must overcome resistance from opponents in Washington, whom he described vaguely as naysayers and skeptics.
Ben was superb. He knew he had to deliver a strong message and not get bogged down by the often inane questions of our political elite. The best way to get your point across is to tell them what you're going to say, say it, and then tell them what you said. Even Congressman might hear the message.
Federal regulators on Wednesday proposed new rules to restrain investment firms from making political donations to state or local government officials with an eye toward winning pension plan or other public business.
The typical citizen watching from afar is left to wonder: What will health care reform mean for me, besides possibly higher taxes?
In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. But such an ambitious study never happened.
The Obama administration on Tuesday sent Congress legislation seeking to tighten government oversight of Wall Street's credit rating agencies and stem potential conflicts of interest in their business practices to protect investors.
The Obama administration warned Congress on Tuesday that a House-approved plan to restore shuttered General Motors and Chrysler dealerships would threaten the auto companies' bankruptcies and recovery.
Soon the IRS tax form will be two lines and two lines only. First will be how much did you make, second will simply be the instructions to send it all in. The tax plans coming out of Congress to pay for the health proposals are punitive and confiscatory (but are likely to kill any chances that the bill would be enacted into law).
As the White House continues to bury an update of its congressionally-mandate economic predictions, all eyes will be on Federal Reserve Chairman Ben Bernanke this morning when he delivers the Fed's semiannual Humphrey-Hawkins testimony on monetary policy before the House Financial Services Committee.
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.
A key House committee aims to have two components of sweeping regulatory reform legislation finished by the August recess but other key parts of the package won’t be taken up until legislators return in September, according to a senior Congressional staffer Monday.
One major bank's recent announcement that it will boost base pay while reducing bonus opportunities for certain employees spawned headlines around the globe, and with good reason.
A half-dozen senators friendly to labor have decided to drop a central provision of a bill that would have made it easier to organize workers.
While the focus for the Democrats' bill is on healthcare, some analysts say the real goal could be to raise revenues for an ailing economy and redistribute income.
Just two days ago, the New York Times heralded on its front page “Health Care Bill Passes First Test on Capital Hill”, a title that belied the fact that the health care bill as currently structured has almost no likelihood of becoming law. Moderate Democrat Senators have no stomach for it, because their constituencies have no stomach for it.
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