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.
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
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.
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.
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…
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 –…
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission.…
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission.…
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?
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 …
