The unresolved debt ceiling debate, the looming sequestration, and the expiration of the current continuing spending resolution may all combine to create “a perfect storm of budget uncertainty,” said Defense Secretary Leon Panetta during a Pentagon briefing last week. “The
Prior to the fiscal cliff deal, President Barack Obama scolded Congress for cobbling together a plan at the last minute. “America wonders why it is in this town why you can’t get stuff done in an organized timetable,” said Mr.
Markets and investors hang on a Treasury Secretary’s every word and promise. That, says the Washington Post’s Jennifer Rubin, makes President Barack Obama’s Treasury nominee Jack Lew a weak choice, given his penchant for telling mistruths: It is not only
On Friday, millions of Americans began getting a taste of higher taxes as the expiration of the payroll tax holiday took a bigger bite out of their paychecks, leaving them with less cash in their wallets. Gabriella Hoffman, a
The most liberal and conservative elements of the United States Senate are coming together to oppose the nomination of Jack Lew as President Barack Obama’s next Treasury secretary. One might think that Jack Lew, a man who was mentored by
Top Democratic donor and green energy government loan recipient Vinod Khosla of Khosla Ventures has hired former U.S. Secretary of State Condoleeza Rice’s consulting firm, RiceHadleyGates, to help its startup companies navigate political and regulatory hurdles. In October 2012, Mr.
On February 13, 2011, President Barack Obama’s Treasury Secretary nominee Jack Lew went on CNN and claimed that Mr. Obama’s budget will pay down the national debt. The plan, Lew said, “will get us, over the next several years, to
On Wednesday, the Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) said he plans to vigorously oppose President Barack Obama’s Treasury Secretary nominee Jack Lew. “Jack Lew must never be Secretary of Treasury,” said Mr. Sessions in a
In the wake of the financial meltdown, President Barack Obama derided Wall Street bonuses as “obscene,” calling them examples of “fat cats who are getting awarded for their failure.” But now, Mr. Obama has announced that he will nominate as his
In a statement released Tuesday, Sen. Lindsey Graham (R-SC) telegraphed that he would delay the confirmation of President Barack Obama’s CIA nominee John Brennan if the White House fails to answer questions about the Benghazi attacks. “I do not believe
On Monday, Rep. Greg Walden (R-OR) said he will introduce a bill to stop a scheme floated by some liberals to mint a trillion dollar platinum coin to bankroll the federal government’s runaway spending spree. “Some people are in denial about
In 2002, then-Nebraska Senator Chuck Hagel was the only member of the United States Congress to receive a special invitation from former President Jimmy Carter to join him on a trip to Cuba. Mr. Hagel chose not to go, citing
On Thursday, Virginia Attorney General Ken Cuccinelli scored a major victory against the Environmental Protection Agency’s (EPA) attempts to treat water as a pollutant under the Clean Water Act. Mr. Cuccinelli’s efforts will save Virginia taxpayers $300 million. The
Obamacare opponents warned that forcing companies employing 50 or more full-time workers to buy healthcare would prompt employers to slash jobs and worker hours. And that’s exactly what’s happening, says one of President Barack Obama’s favorite economists, Mark Zandi of
In a classic tale illustrating the “law of unintended consequences,” a new report concludes that President Barack Obama’s $3 billion “Cash for Clunkers” taxpayer-funded boondoggle artificially drove car prices up, not down, and unleashed an “environmental nightmare” through shredding, not
Last week, President Barack Obama said that under his fiscal cliff deal “more than 98% of Americans and 97% of small businesses will not see their income taxes go up.” But according to new figures from the nonpartisan Tax Policy
Senate Majority Leader Harry Reid (D-NV) has reportedly told President Barack Obama that he would back the president overriding congressional authority and unilaterally raising the debt ceiling. House Minority Leader Nancy Pelosi (D-CA) was more forceful: “I’ve made my
On Wednesday, President Barack Obama signed the National Defense Authorization Act (NDAA) of 2013, sparking a firestorm of liberal outrage. At issue is the bill’s language to keep Guantanamo Bay open, provisions that Mr. Obama previously threatened to veto. The
Common ground is hard to come by in Washington these days, but everyone, it seems, hates tax “loopholes.” Democrats claim they rob the government of revenue and benefit the rich. Republicans say tax loopholes distort free markets by letting the government pick
America is entering a new economic normal, a reality where almost everything that should be going up is going down, and everything that should be going down is going up. The United States begins 2013 in uncharted economic waters; America
In December, Google hired as its director of engineering Ray Kurzweil, 64, the “grand prophet” of something called “the Singularity”–the moment when machines will overtake human intelligence to such a level that “human life will be irreversibly transformed.” A graduate
A new draft of a 75-page Army handbook for troops heading to Afghanistan says that American cultural insensitivity is to blame for the 63 attacks this year by Afghan soldiers against the U.S.-led coalition forces who are training them.
In his first appearance on the Sunday shows in over three years, President Barack Obama called the Newtown shooting the worst day of his presidency and vowed he would throw his “full weight” behind gun control measures and warned “there
During his Saturday weekly radio address, President Barack Obama said “we just can’t afford a politically self-inflicted wound to our economy.” For that reason, explained Mr. Obama, Congress should pass a bill to avert going over the fiscal cliff: In
One out of every $20 spent in a new bill to aid victims of Hurricane Sandy will go to “non-relief-related pork,” says American Majority Action Spokesman Ron Meyer in an email to Breitbart News. On Friday, the U.S. Senate passed
