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Unexpected: Personal Income, Spending Weak in November

WASHINGTON (AP) – Consumers spent at a lackluster rate in November as their incomes barely grew, suggesting that U.S. households may struggle to sustain their spending into 2012. The Commerce Department says consumer spending rose just 0.1 percent in November,

Surrender: House GOP Agrees to Two-Month Payroll Tax Holiday

WASHINGTON (AP) – Capping a full retreat by House GOP leaders, Congress will convene Friday in hopes of approving a stopgap measure renewing payroll tax cuts for every worker and unemployment benefits for millions–despite serious opposition among some tea party

Poll: Ron Paul Moves into First Place in Iowa

From KCRG News: CEDAR RAPIDS, Iowa – Just two weeks before Iowa’s first-in-the-nation precinct caucuses there’s a new leader, but the race remains “remarkably fluid,” according to a new Iowa State University/Gazette/KCRG poll likely Republican caucus-goers. Texas Rep. Ron Paul

Two-Month Payroll Tax Holiday Cannot Be Implemented Properly

From ABC News: Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly. Pete Isberg,

Supreme Court Sets Aside Three Days for ObamaCare Arguments

(Reuters) – Oral arguments on President Barack Obama’s sweeping U.S. healthcare overhaul will last 5-1/2 hours spread over three days from March 26-28, the Supreme Court said on Monday. The Supreme Court last month agreed to hear the 5-1/2 hours

Pelosi Economic Advisor Also a Business Partner

From Roll Call: May 2010, then-Speaker Nancy Pelosi took to a podium in the Capitol to introduce a half-dozen economic experts she had convened for a meeting on how to jump-start the economy. The group had met for several hours

House GOP Revolts Over Senate Payroll Tax Bill

WASHINGTON (AP) – House Speaker John Boehner said Sunday that he opposes a Senate-approved bill that extends a payroll tax cut and jobless benefits for just two months and said congressional bargainers need to write a new version that would

Sunday Open Thread: Downgrade Edition

Moody’s downgraded Belgium two notches, while other rating agencies have renewed warnings on France, Italy and other Eurozone members. 2011 may end with a whimper, but 2012 will probably start with a bang.

Romney Declares Himself 'Ideal' Tea Party Candidate

From ABC News: CHARLESTON, S.C. — Mitt Romney said today he’s “the ideal candidate” for the Tea Party movement because his stance on issues lines up “pretty darn well” with the movement he says will soon realize that GOP frontrunner

Senate Approves 2-Month Payroll Tax Cut, Keystone Pipeline

WASHINGTON (AP) – The Senate has approved a two-month extension of a cut to the Social Security payroll tax and jobless benefits for the long-term unemployed. It’s a partial victory for President Barack Obama’s year-end jobs agenda. Democratic and GOP

GOP Debate Reactions, Part II

Last night the leading GOP candidates for President held their final debate before voting starts in Iowa next month. Below are reactions from two more Breitbart editors. Joel Pollak, EIC Breitbart.com: I thought each of the candidates did well tonight.

SEC Files Suit Against Ex-Freddie, Fannie Chiefs

From Bloomberg: Daniel Mudd, the former chief executive officer of Fannie Mae, andRichard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by