Hagel Confirmation Blocked

The Senate has failed, 40-58, to pass a motion by Senate Majority Leader Harry Reid to close debate on the nomination of Chuck Hagel to the post of Secretary of Defense. A Republican filibuster held, as Democrats failed to muster the 60 votes necessary to pass cloture and move to a full vote on Hagel's confirmation.

New evidence emerged Thursday of speeches that Hagel had given in 2007 and 2008. The former included endorsement for a U.S. consulate in Iran, and allegedly also included a comment accusing Israel of controlling the State Department. The latter, a speech to the Arab-American Anti-Discrimination Committee (ADC) in 2008, was not disclosed to the Senate Armed Services Committee as requested, and was produced by the ADC today.


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WASHINGTON & WALL STREET: JOBS, CREDIT, AND ECONOMIC GROWTH

Last week, a raft of economic data came out that confirms what all of us already know, namely that the US economy is growing far more slowly than before the 2008 financial crisis. Most politicians and economists tell us that the economy will eventually grow faster, but is this really true?

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