During a Wednesday confirmation hearing before the Senate Finance Committee, Obama Treasury Secretary nominee Jack Lew pled ignorance to a $56,000 investment he held in a Cayman Islands fund registered to Ugland House, the exact building that President Barack Obama
The second richest person on the planet, Microsoft founder Bill Gates, has used the Bill and Melinda Gates Foundation’s $37 billion to fund philanthropic interests the world over. But Gates’s investment of $173 million to shape and promote a uniform
President Barack Obama’s 2013 State of the Union Address included a controversial call to raise the minimum wage from $7.25 an hour to $9.00, a move that some employers and economists say would kill jobs and encourage cost-shifting in the
For the second year in a row, an online dating website for married people eager to cheat on their spouses has named Washington, D.C. “America’s least faithful city.” AshleyMadison.com, which claims to have over 17 million anonymous members, says it
President Barack Obama will deliver his 2013 State of the Union Address to a nation facing a bleaker economic future than it did the year prior. In his 2012 State of the Union address, Obama laid out his blueprint to
U.S. gas prices have risen an average of 25 cents a gallon over the last two weeks, according to the Lundberg Survey of fuel prices. The national average price of a gallon of regular gasoline is now $3.59, midgrade is
White House Press Secretary Jay Carney revealed Monday that President Barack Obama will not consider raising the Medicare eligibility age to help balance the entitlement program’s books. “The president’s made clear that we don’t believe that’s the right policy to
A new study finds that 48% of recent college graduates are now in jobs that do not require a bachelor’s degree, and 37% hold jobs that require just a high school diploma. The study, titled “Why Are Recent College Graduates
Obama Treasury Secretary Timothy Geithner has retained Washington power lawyer Robert Barnett to shop a tell-all memoir that could fetch as much as $500,000. The book will reportedly take Geithner’s critics to task and defend his controversial tenure at Treasury
President Barack Obama’s controversial and embattled Treasury Secretary nominee Jack Lew is coming under increasing scrutiny for having possibly broken federal law by failing to warn Congress about a Medicare funding problem during his tenure as the former director of
In 2009, President Barack Obama promised Americans that Obamacare would not threaten citizens’ individual healthcare plans. “No matter what you’ve heard, if you like your doctor or healthcare plan you can keep it,” said Obama in 2009. “And everyone will
On Monday, President Barack Obama missed the legally-required February 4th deadline to submit his annual budget. Four out of five of Obama’s budgets have been submitted late. Republicans pounced. “President Obama missed a great opportunity today to help our economy,” said
On Tuesday, the House will consider the “Require a PLAN Act” (H.R. 444) to force President Barack Obama to submit a proposed date and plan to balance the budget. On Wednesday, the House will take up amendments to the
Monday, business icon Donald Trump filed a $5 million lawsuit in California against liberal talk show host Bill Maher. On Jay Leno’s “Tonight Show,” Mr. Maher committed to donate $5 million to charity in exchange for Mr. Trump producing documentation
For almost four years, a secret bipartisan group of six House members has reportedly been working to fashion a comprehensive immigration reform bill that they plan to unveil sometime next week. Sources have confirmed to The Hill that the six
An analysis by the Government Accountability Institute (GAI) of Internal Revenue Service (IRS) figures has found that audits of tax-exempt charities have increased 79% under President Barack Obama. GAI President Peter Schweizer reports that from 2001 to 2008, the IRS
Hybrid car pioneer and “father of the Prius” Takeshi Uchiyamada says the billions poured into developing battery electric vehicles have ultimately been in vain. “Because of its shortcomings–driving range, cost and recharging time–the electric vehicle is not a viable replacement for
Today, Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) sent a letter to Acting Office of Management and Budget Director Jeffrey Zients inquiring about Treasury Secretary nominee Jack Lew’s role in allegedly violating federal law. “Given that the
On Thursday, the Senate voted 64-34 to approve the House’s “No Budget, No Pay” Act to suspend the debt ceiling until May 19. The bill’s title refers to a provision that would deny lawmakers their paycheck if their respective chamber
Why is the stock market up when the economy is in a shambles? It’s a question many Americans are asking. On Friday, the Dow eclipsed 14,000 last week for the first time since October 2007, even as news hit that
President Barack Obama is soon to have not one but two Oval Offices. As part of a two-year, $376 million West Wing renovation, builders will create a nearly identical replica of the Oval Office at the south end of the
President Barack Obama’s first-term job totals are now in, averaging at just 25,000 jobs per month. To put that in some historical perspective, President Ronald Reagan, who entered office amid severe economic decline, averaged 111,000 per month throughout his first
After doling out 80% of the Department of Energy (DOE) loan program’s $20.5 billion to President Barack Obama’s top donors, taking three months to plug a hole during the worst marine oil spill in American history, and failing to achieve
The Securities and Exchange Commission (SEC) has named an attorney for the now-defunct MF Global as its top legal officer. Geoffrey Aronow, who previously served on the board of the National Capital Area Chapter of the American Civil Liberties Union
In a desperate attempt to get California’s budgetary nightmares under control, Democratic Governor Jerry Brown pushed for a tax hike plan last November to increase the state’s overall tax rate on millionaires to the highest in the nation at 13.3%.
