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Obama urges Congress to pass bills creating jobs
US President Barack Obama urged members of Congress Saturday to pass a series of measures stimulating economic growth and job creation as he blasted lawmakers for failing to do so before the November 6 elections. “It’s time for action,” the president said in his weekly radio and Internet address. “That’s…
Congress takes first step to avert a government shutdown
Congress takes first step to avert a government shutdown Congress took its first step toward making sure the government’s lights don’t go out when the fiscal year ends on Sept. 30, but no one on Capitol Hill was declaring victory. The House approved government funding for six months into the…
Moody’s warns it may strip U.S. of triple-A credit rating
Moody’s warned Tuesday it could strip the United States of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden. “Budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the US government’s Aaa rating and…
U.S. Postal Service facing default on retiree payments
Unless Congress steps in Wednesday, the U.S. Postal Service will default on a federal bill covering payments for retirees, and possibly not for the last time, according to CNN. In a statement, the service confirmed it would not be able to make the $5.5 billion payment to prepay health benefits…
Jon Stewart: Congress either a$$holes or five-year-olds
On his show Thursday night, The Daily Show host Jon Stewart called out “the assholes” in his newest segment, named “Jon Stewart Fingers Some Assholes Then Gives Them A Vigorous Tongue-Lashing.” The first “assholery” that Stewart called out was former CEO of Citigroup Sanford Weill, who recently said the United…
Sen. Sanders: GOP’s function in life is to protect the wealthy
Sen. Bernie Sanders (I-VT) on Wednesday insisted it was important that the Senate rejected the extension of Bush-era tax cuts for the wealthy, even though the legislation had no chance of passing the GOP-led House. “I think what today is about is educating the American people,” he explained on Viewpoint.…
U.S. Navy defends ‘great green fleet’ from Republican attacks
Navy secretary and Obama administration move to head off spending bill that would effectively shut down biofuels project The US Navy has gone into battle to save its “great green fleet” from Republicans in Congress who are trying to sink the ambitious biofuel project in what should have been its…
Nearly all of Congress refuses to release tax returns
Democrats in Congress have called on Republican presidential candidate Mitt Romney to release more tax returns, but most of them have refused to release their own tax forms. For three months, McClatchy requested the most recent tax returns from all 535 members of Congress, but only 13 Democrats and 3…
Bernanke admits to Congress U.S. economic growth is ‘disappointing’
Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been “disappointing” and that a future reduction in unemployment would likely prove “frustratingly slow.” Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November’s presidential elections, Bernanke offered a gloomy…
Number of women running for Congress at record level
The number of women running for Congress this year is higher than ever before, according to research. Analysis of female candidates in the upcoming election shows 295 so far have filed for seats in the House of Representatives, with another due to file in August. The previous record of 262…
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