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
Now that Sen. Hillary Clinton has unveiled her energy policy, all leading Democratic presidential candidates are on the record and their plans are remarkably similar in broad outline in seeking to reduce greenhouse gases 80 percent by 2050.
The House on Thursday passed a free trade pact with Peru, bringing President Bush to the brink of his first trade victory since Democrats took control of Congress.
Despite the late day 100 point move in the Dow, the day had a feeling of disappointment to it. Traders made it clear we were now data-dependent, and we got the kind of positive data we needed in the jobs report. The result? A rally that lasted 15 minutes at the open, and then traders sold into it.
I spent the morning listening to a hearing of the House Financial Services Committee about, what else, mortgage issues (I know, I’ve really got to get out more). After riveting testimony from the Treasury’s Under Secretary for Domestic Finance (sorry, but even he looked bored), regarding the department’s new “Hope Now” alliance, I eagerly awaited the next panel.
Rep. Paul G. Rogers helped win passage of the Clean Air Act Extension of 1970, one of the nation's most important pieces of legislation and a major environmental milestone.
The House tax-writing committee has advanced legislation to shield some 20 million middle-class taxpayers from being hammered this year by a tax meant to affect only the rich.
The mighty U.S. consumer may be starting to crack, just as the Federal Reserve signaled that it was through with interest rate cuts barring a sharper economic downturn.
The Tom Brokaw piece on NBC Nightly News Monday night highlighting Warren Buffett's call for a higher tax rate on very wealthy Americans includes an excerpt from a sit-down interview with Buffett. We're now able to bring you Brokaw's complete interview with Buffett, only on CNBC.com.
What made last night's Democratic debate on MSNBC so significant was not, as advertised ahead of time, that Barack Obama and John Edwards attacked Hillary Clinton. It was that Clinton herself unintentionally affirmed their attacks with her own words.
Barack Obama has signaled that he's finally ready to step up his challenge to Democratic front-runner Hillary Clinton. From his point of view, it's not a minute too soon. Thus far, Obama has been largely passive--an electric and charismatic presence on the stump, to be sure, but a candidate surprisingly loath to take the fight to a rival with formidable advantages.
CNBC's Larry Kudlow sat down with Vice President Dick Cheney and discussed, among other things, oil prices, the economy, and recent sanctions placed on Iran.
The unofficial transcript of an interview with Vice President Dick Cheney on "Kudlow & Company."
The FEC is questioning 2008 contenders about contributions that “appear to exceed” legal limits. Hundreds of donors wrote checks for more than the $2,300 per election cap. Some failed to attribute parts of donations from joint bank accounts to their spouses.
Charlie Rangel’s tax reform bill isn't likely to become law anytime soon. Yet its already an active part of the presidential campaign, as Republicans try to reclaim control of the tax issue in advance of the 2008 elections.
The House's top Democratic tax writer on Thursday unveiled a $1 trillion plan to repeal the alternative minimum tax and lower the tax burden of most lower- and middle-income people.
In their interview this morning with my colleague Dylan Ratigan, President Bush's economic advisers emphasized all that was going right with the American economy: low inflation, a strong job market, continued growth and booming exports, whether those exports are driven by a weaker dollar or not.
You may or may not have heard, Rep. Barney Frank (D-MA), the chairman of the House Financial Services Committee, announced his legislation for mortgage lending reform today. This is expected to be the bill that will or will not change the way the mortgage business does business.
Tighter food regulations under consideration could benefit consumers and companies alike, as Congress looks to help the industry through a crisis in confidence driven by a spate of high-profile recalls.
House Ways and Means Chairman Charlie Rangel has adopted an unorthodox strategy for his attempt to achieve tax reform. Forget polarization--Rangel is trying to hug the Bush administration as tightly as possible.
The U.S. House Thursday failed to overturn President Bush's veto of a plan to expand a popular children's health care program and pay for it by raising tobacco taxes.
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