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Tag: Congress

House Unanimously Rejects Obama Budget, Set to Pass Ryan Budget

House Unanimously Rejects Obama Budget, Set to Pass Ryan Budget

(AP) House ready to OK GOP budget, rejects rival plansBy ALAN FRAMAssociated PressWASHINGTONRepublicans are ready to ram through the House an election-year, $3.5 trillion budget that showcases their deficit-cutting plan for revamping Medicare and slicing everything from food stamps to

Witnesses Contradict Corzine Testimony on Money Transfer

Witnesses Contradict Corzine Testimony on Money Transfer

(AP) Witnesses complicate Corzine’s testimony on moneyBy MARCY GORDONAP Business WriterWASHINGTONWitnesses close to MF Global’s collapse will offer details Wednesday about customer money that vanished days before the firm failed. Their testimony could challenge previous statements by former CEO Jon

UPDATE: SCOTUS Backtracking On Individual Mandate?

UPDATE: SCOTUS Backtracking On Individual Mandate?

While yesterday’s oral arguments seemed to make clear the Court’s opposition to the Obamacare individual mandate, today’s oral arguments seem to show the Court backtracking quickly. According to Lyle Denniston at SCOTUS Blog, the Justices seemed uncomfortable with the ramifications

Crony Capitalism Keeps Blowing in the Wind

Crony Capitalism Keeps Blowing in the Wind

With the recent revelation that the ultimate Washington insider, Jon Corzine, appears to have ordered the looting of hundreds of millions of dollars from customers at commodity broker MF Global, you would think crony capitalists would try to keep a

US suspends plans for food aid to North Korea

US suspends plans for food aid to North Korea

The United States has suspended plans to send food aid to North Korea because it has broken a promise to halt missile launches and cannot be trusted to give the help to those who need it, a Pentagon official said.

EPA Regulates Coal Power Plants Out of Existence

EPA Regulates Coal Power Plants Out of Existence

Unable to get cap and trade through Congress, President Obama has settledfor just the cap via regulation by the EPA. Today, his EPA will issue newlimits on the amount of CO2 which can be produced by newpower plants — and they

Big Decision: Obamacare Gets Slapped Around By Supreme Court

Big Decision: Obamacare Gets Slapped Around By Supreme Court

By all accounts, today’s Supreme Court oral arguments were extremely lively. The hearing, which covered the individual mandate, matched the conservative constitutional wing of the Court – and Justice Kennedy – against the liberal wing of the Court, which inserted

Pentagon backs expanding Israel's anti-rocket defenses

Pentagon backs expanding Israel's anti-rocket defenses

The Pentagon said Tuesday it will request funding to expand Israel’s “Iron Dome” short-range air defense system, which helped thwart rocket attacks out of Gaza earlier this month. The United States spent $204 million on the Iron Dome system in

Tough Republican budget likely to go back on shelf

Tough Republican budget likely to go back on shelf

(AP) Tough Republican budget likely to go back on shelfBy ANDREW TAYLORAssociated PressWASHINGTONConservatives claimed credit Tuesday for forcing House GOP leaders to draft a tougher budget plan than initially planned, even as they pressed an alternative proposal that claims to

Soros Loses Insider Trading Conviction Appeal

Soros Loses Insider Trading Conviction Appeal

Billionaire funder of left-wing causes George Soros, 81, lost his appeal to have his 2002 insider trading conviction overturned. The European Court of Human Rights Grand Chamber refused to consider whether France had violated his rights, reports Bloomberg News. Paris

Trayvon Martin Parents To Testify in Congress

Trayvon Martin Parents To Testify in Congress

Rep. John Conyers (D-MI) has invited the parents of killed Florida teenager Trayvon Martin to the Hill to testify about Florida’s “Stand Your Ground” law. As Roll Call reports, “The forum, which will also include other members of the Congressional

Sheen Says GOP Wants to 'Eliminate' Medicare

Sheen Says GOP Wants to 'Eliminate' Medicare

President Barack Obama would have fixed everything over the last three years if not for those meddlesome Republicans. So suggests Martin Sheen, the notoriously outspoken liberal actor in a new video meant to support the president’s re-election campaign and flailing

Feds Give Millions to Company Under SEC Investigation

Feds Give Millions to Company Under SEC Investigation

Last Thursday, CBS News reported that Ecotality, a company that makes chargers for electric cars and received millions from the stimulus bill, is under investigation for insider trading: The company received a subpoena from the Securities and Exchange Commission in October of

After Louisiana Win, Santorum Looks to Wisconsin

After Louisiana Win, Santorum Looks to Wisconsin

(AP) With win in hand from La., Santorum eyes Wis.By PHILIP ELLIOTT and KASIE HUNTAssociated PressGREEN BAY, Wis.Another victory in hand but still badly trailing rival Mitt Romney, Republican presidential hopeful Rick Santorum vowed to continue his campaign despite an

Breitbart-Led Ban on Lawmaker Insider Trading Passes Congress

Breitbart-Led Ban on Lawmaker Insider Trading Passes Congress

Breitbart editor Peter Schweizer and the late Andrew Breitbart spent roughly six months coordinating an effort to ban members of Congress from using nonpublic information to profit themselves. On Thursday, their combined efforts came to fruition when the STOCK (Stop

Obama Fails to Compare With Rutherford B. Hayes

Obama Fails to Compare With Rutherford B. Hayes

When President Obama’s speechwriter chose to include some disparaging comments about former Republican President Rutherford B. Hayes in the president’s Prince George’s Community College talk last week, he assumed few would notice or care. After all, Obama seems to find it irresistible