The new bill will cost $956 billion over the next 10 years, reducing the U.S. budget deficit by $16.6, according to the Congressional Budget Office.
Tag Archive for Congress
Money Morning, Must Read
The Best Congressmen Money Can Buy – Money Morning
by Money Morning Staff Reports • • 0 Comments
Savvy lobbyists consider money given to legislators as an investment, i.e., the deployment of capital in expectation of deriving profit from the same. But how would a corporate lobbyist gauge t
Money Morning, Must Read
Congress Just Played a Trick on American Taxpayers – Shah Gilani
by Shah Gilani • • 0 Comments
It just so happens I have both a “trick” and a “treat” for you today.
First, the “trick.”
Wednesday the House passed a bill titled The Swaps Regulatory Improvement Act.
The trick is, it’s not about improving the who-really-knows-how-many trillions of dollars swaps (derivatives) market.
Money Morning, Must Read
How Leadership PACs Turned into “Slush Funds” for Congress – Money Morning
by David Zeiler • • 0 Comments
Apparently an annual salary of $174,500 and a vast array of taxpayer-funded perks is not enough for most members of Congress.
Otherwise, why would they need “Leadership PACs” – personal political action committees that supposedly raise money for political activities but in practice provide a pipeline of cash to subsidize their already-elite lifestyle.
Money Morning, Must Read
How the Richest Members of Congress Made Their Fortunes – Money Morning
by David Zeiler •
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Capitol Hill is brimming with millionaires, but if you think that most of the richest members of Congress got that way from working hard, guess again. When you browse through the list of the richest members of Congress,…
Money Morning, Must Read
Debt Ceiling Bill Nothing More Than a Band-Aid – Money Morning
by Diane Alter •
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. We have a short-term debt ceiling fix – with emphasis on short term. U.S. President Barack Obama Monday night signed into law a bill suspending the debt ceiling, a move that allows the government to avoid default-at least…
Money Morning, Must Read
Are Steep U.S. Spending Cuts Inevitable? Money Morning
by Diane Alter •
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission. U.S. Rep. Paul Ryan (R-WI), the chairman of the House Budget Committee, is adamant Republicans will resist any further tax increases – a staunch GOP stance that makes steep spending…
Money Morning, Must Read
Debt Ceiling Bill Includes Controversial “No Pay” Plan – Money Morning
by Diane Alter •
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission. Republicans will vote tomorrow (Wednesday) on a debt ceiling bill that will give Congress nearly four months to make some major budget decisions – or risk losing out on pay.…
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Blame Congress, Not Facebook IPO, For Americans Souring On … – Forbes
by Newswires • • 0 Comments
ForbesBlame Congress, Not Facebook IPO, For Americans Souring On …ForbesLess trust in society's institutions is linked to less stock investing by a population. But might millenials trust themselves to become stock pickers?
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Facebook IPO furor reaches Capitol Hill – Fortune (blog)
by Newswires • • 0 Comments
Fortune (blog)Facebook IPO furor reaches Capitol HillFortune (blog)Rep. Darrell Issa Congress nears knee-jerk on IPO rules. FORTUNE — Rep. Darrell Issa (R-CA) yesterday sent a letter to SEC chair Mary Shapiro, asking for …
