Congressional and Cabinet-level staff members are cashing in on their high power connections and regulatory knowledge by moving to Wall Street investment firms that often double, and in some cases quadruple, their paychecks. “It has really turned around,” says Wall
ABC News has uncovered a hard-hitting 2012 Republican National Committee (RNC) television ad attacking President Barack Obama for failed leadership on Benghazi that never ran after the Romney campaign objected over concerns the spot would detract from Romney’s focus on
AFL-CIO President Richard Trumka attacked President Barack Obama and Vice President Joe Biden for lauding Walmart’s decision to hire honorably discharged veterans. “Walmart’s recent announcement of a plan to hire returning honorably discharged veterans is more about public relations than
With the nation expected to hit the debt ceiling again sometime around October, Republicans have begun discussing what, if any, concessions they will accept in exchange for raising it. But top Democratic House Ways and Means Committee member Rep. Sandy
In 2008, then-candidate Barack Obama promised to create 5 million “green jobs” if elected president. However, an analysis by the Institute for Energy Research (IER) finds that since 2009, the Department of Energy’s (DOE) $26 billion loan program created just 2,298
Chief Executive magazine’s ninth annual “Best and Worst States for Business” survey finds that the ten best states for business are all led by Republican governors. According to the survey of 736 CEOs, the ten best states for business
President Barack Obama’s chief strategist says Democratic angst about a potential Obamacare “train wreck” before the 2014 midterm elections is overblown. “We’re going to implement the law well, and we don’t worry,” said Obama strategist Dan Pfeiffer. Pfeiffer confidently predicted
Some members of Congress are asking tough questions about why the Pentagon is using a Chinese commercial satellite for U.S. Africa Command communications. The controversial decision, says Rep. Mike Rogers (R-AL), chairman of the panel that oversees space programs, “exposes
In a 69-27 vote, the Senate on Monday passed its Internet sales tax bill. The bill now moves to the House, where it faces a tougher road to passage. Conservatives and Republicans are split on the issue. Rep. Paul Ryan
Monday, the Pentagon released a report detailing China’s vast use of technological espionage to expand its military power. The Pentagon report said China uses foreign investments, commercial joint ventures, academic exchanges, and industrial and technological espionage to strengthen its weapons
An internal Department of Homeland Security memo has instructed border agents to automatically verify the visa status of every international student “effective immediately.” The enhanced student visa security comes after authorities discovered that a student from Kazakhstan in the United States
The Federal Bureau of Prisons’ (BOP) “Compassionate Release Program” seeks to reduce prison overcrowding by releasing elderly and infirmed inmates. However, a recent congressional hearing revealed that five federal prisons are currently empty, including one purchased for $165 million last
Former GOP Vice Presidential nominee Rep. Paul Ryan (R-WI) says he believes the “concept” of an Internet tax is correct but that “it’s got to be done the right way.” In an email to The Hill, Ryan said, “I think
The White House budget office is using an obscure budget rule to restore $5 billion in sequester-related cuts. The recalculation trick will mean the State Department will no longer have to furlough employees, will spare the Pentagon $4 billion in
On Friday, President Barack Obama’s Chairman of the Council of Economic Advisers Alan B. Krueger took a victory lap of sorts after the Labor Department’s jobs report showed the U.S. added 165,000 nonfarm payroll jobs in April. “Today’s employment report
Among the issues Mexican President Enrique Peña Nieto may wish to discuss with President Barack Obama during his Mexico visit is little-noticed border crossing tax language tucked inside Obama’s 2014 budget. “Buried deep in the section relating to the Department
The Federal Reserve’s monthly buying of $85 billion in bonds (known as quantitative easing), combined with today’s upwardly revised February and March job gains, powered the Dow to a record 15,000. The Fed’s “massive quantitative easing is clearly driving up
The Center for Investigative Reporting’s (CIR) review of internal Veterans Affairs documents reveals that the number of veterans waiting for disability compensation has increased 2000% under President Barack Obama. “The ranks of veterans waiting more than a year for their
Conservative spokesman and communications professional Ron Meyer, 23, has filed to run for U.S. Congress in Virginia’s 11th District. Meyer, who in the event of winning would meet the legal age requirement for Congress by the time of his swearing
Facebook founder Mark Zuckerberg’s political advocacy group, Fwd.us, has enlisted heavyweights like Google Executive Chairman Eric Schmidt and Al Gore’s business partner, John Doerr, to help push for immigration reforms that will benefit the tech industry’s heavy reliance on foreign
Today, President Barack Obama plans to nominate former Citigroup chief and Obama campaign fundraiser Michael Froman as the next U.S. Trade Representative. Froman, who bundled between $200,000 and $500,000 for Obama’s campaigns, was the former head of CitiAlternatives. In his
Today, President Barack Obama plans to nominate one of his top campaign donors to become secretary of the Commerce Department. Billionaire Hyatt hotel heiress Penny Pritzker, whom Forbes ranks as the 277th richest person in America, bundled at least $904,957
A new poll conducted by global management firm Accenture finds that 41% of U.S. workers who graduated from college in the last two years are underemployed and working in jobs that did not require a college degree. The poll also
President Barack Obama’s status as an avid golfer is apparently internationally known. Newly released documents by the State Department show that former French President Nicolas Sarkozy gave President Barack Obama almost $40,000 in luxury designer gifts, including a $7,750 Hermes
With almost 100 Guantanamo prisoners now on a hunger strike to protest the alleged mistreatment of Korans, President Barack Obama announced on Tuesday plans to “re-engage” Congress to fulfill his failed campaign promise of shutting down the terrorist detention facility.
