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Key Obama adviser: Banks must fear the government

Failing US financial institutions must face the credible threat of government closure if reforms are to succeed, a key adviser to President Barack Obama said Tuesday. Paul Volcker, a former Federal Reserve chairman, said reforms being discussed by Congress hit on the “essential elements” of financial reform, but that a…

Obama plans to overhaul ‘No Child Left Behind’

President Barack Obama announced Saturday he will be sending to Congress a new education initiative designed to better prepare high school graduates for college and a professional career. The proposal, addressing the needs of the elementary and secondary education systems, will overhaul the so-called “No Child Left Behind” Act, an…

Corporate entity becomes ‘candidate’, kicks off bid for Congress

When the Supreme Court decided the case Citizens United v. Federal Election Commission, henceforth allowing corporate soft money to influence U.S. elections, Rep. Alan Grayson (D-FL) cynically opined that it would lead to the election of the “congressman from Wal-Mart.” Turns out, he may be right. Meet Murray Hill, Inc.,…

Did secretive religious group subsidize Congressman’s rent?

Rep. Bart Stupak (D-MI) has been making headlines recently by threatening to torpedo health care reform unless the bill excludes coverage for abortion. MSNBC’s Rachel Maddow believes that Stupak is just looking for publicity with “this antiabortion stunt” and that “it is not rational to think that the Democratic-led House…

Obama demands ‘up or down vote’ on health reform

In his most unequivocal terms yet, President Barack Obama championed the use of budget reconciliation to approve a final motion on the extensively-debated health care reform legislation stalled in Congress. “So, no matter which approach you favor, I believe the United States Congress owes the American people a final vote…

Congress subpoenas thousands of allegedly damaging Toyota documents

The head of embattled Toyota has bowed to calls to testify in US Congress as lawmakers demand a whistleblower lawyer hand over potentially damning internal company documents on alleged safety defects. A key congressional committee has subpoenaed former Toyota lawyer Dimitrios Biller, who has accused the world’s biggest car maker…

Lindsey Graham blames Reid for GOP’s record filibusters

Sen. Lindsey Graham isn’t willing to place all of the blame on Senate Republicans for the record number of filibusters in the 110th Congress. On Fox News Sunday, Graham implied Majority Leader Harry Reid forced so many filibusters by allowing so many bills and refusing Republican amendments. When asked about…

Howard Dean: Democrats ‘need a spinal transplant’

WASHINGTON — One year after being swept into the White House and bestowed huge majorities in Congress, Democrats have seen their towering lead over Republicans evaporate. Why? According to previous DNC chairman Howard Dean, they’re just not tough enough. Dean declared Thursday that Democrats “need a spinal transplant” as the…

Veteran Democratic lawmaker Jack Murtha dies at 77

Democratic heavyweight Rep. John Murtha (D-PA) — who went by Jack — has died after complications following gallbladder surgery. A local news station said the congressman had died in the hospital with his family by his side at 1:18 PM ET Monday. Murtha was the chairman of the House Appropriations…

Olbermann: New GOP strategy is ‘say anything’

Keith Olbermann believes that Republicans are looking to old John Cusack movies for strategy tips. “Between John McCain’s self-contradiction [on repealing Don't ask, don't tell] and Frank Luntz’ position, ‘just lie,’ [about regulatory reform],” Olbermann said Tuesday on his MSNBC show. “The Republicans are slowly revealing their newest policy: say…

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