PRESIDENTIAL ELECTION 2016
Wednesday, August 3, 2011
Tuesday, August 2, 2011
Obama signs debt bill into law, averting default
Aug. 2 (last day of deadline)
“Seen in isolation . . . this is not a good bill,” said Sen. Carl M. Levin (D-Mich.). Yet, he added, “despite its many flaws, this legislation must pass.” He complained that by failing to increase revenue by ending tax cuts and loopholes for the wealthy while slashing domestic spending, “this legislation incorporates some policies that are profoundly unfair to middle-income Americans.”
Aug. 2 (last day of deadline)
“Seen in isolation . . . this is not a good bill,” said Sen. Carl M. Levin (D-Mich.). Yet, he added, “despite its many flaws, this legislation must pass.” He complained that by failing to increase revenue by ending tax cuts and loopholes for the wealthy while slashing domestic spending, “this legislation incorporates some policies that are profoundly unfair to middle-income Americans.”
Friday, July 29, 2011
Boehner Plan (House)
As passed, the legislation authorizes $900 billion in additional borrowing while reducing the deficit by $917 billion over 10 years. The president could request a second increase in the debt ceiling of up to $1.6 trillion upon passage of the balanced-budget amendment and a separate $1.8 trillion deficit reduction package, to be written by a new “joint committee of Congress.” The initial version of Boehner’s bill required only a vote on a balanced-budget amendment in the House and Senate, not actual passage.
As passed, the legislation authorizes $900 billion in additional borrowing while reducing the deficit by $917 billion over 10 years. The president could request a second increase in the debt ceiling of up to $1.6 trillion upon passage of the balanced-budget amendment and a separate $1.8 trillion deficit reduction package, to be written by a new “joint committee of Congress.” The initial version of Boehner’s bill required only a vote on a balanced-budget amendment in the House and Senate, not actual passage.
Monday, July 18, 2011
President Obama named former Ohio attorney general Richard Cordray on Monday afternoon as his pick to lead the nation’s powerful new consumer watchdog agency and pledged to fight efforts to undermine financial reform.-- Consumer Financial Protection Bureau.
--
But confirming Cordray is an uphill battle for the administration. Forty-four Republican senators have pledged to block any candidate for the job unless Obama agrees to structural changes to the agency.
--
Obama’s move has also disappointed many liberals, who had backed controversial Harvard law professor Elizabeth Warren for the post.
--
But confirming Cordray is an uphill battle for the administration. Forty-four Republican senators have pledged to block any candidate for the job unless Obama agrees to structural changes to the agency.
--
Obama’s move has also disappointed many liberals, who had backed controversial Harvard law professor Elizabeth Warren for the post.
Sunday, June 26, 2011
Saturday, June 25, 2011
Wednesday, June 22, 2011
Friday, June 17, 2011
Polls show the public is broadly supportive of equal rights for gay people — with the exception of the right to marry. Nearly 90 percent of Americans favor equality of opportunity in the workplace, and more than 60 percent favored overturning “don’t ask, don’t tell.” But the public remains evenly divided on same-sex marriage.
Thursday, June 16, 2011
Wednesday, June 1, 2011
On Tuesday, the GOP majority on theHouse Appropriations Committee approved a 2012 spending plan that directs the Agriculture Department to ditch the first new nutritional standards in 15 years proposed for school breakfasts and lunches. The lawmakers say meals containing more fruits and vegetables, whole grains and low-fat dairy will cost an additional $7 billion over five years — money they say the country can ill afford in difficult economic times.
The committee also directed the USDA to scale back participation in an effort to develop voluntary guidelines for companies that market food to children. And it directed the FDA to exempt grocery and convenience stores and other businesses from regulations set to take effect next year requiring that calorie information be displayed. -The Washington Post
The committee also directed the USDA to scale back participation in an effort to develop voluntary guidelines for companies that market food to children. And it directed the FDA to exempt grocery and convenience stores and other businesses from regulations set to take effect next year requiring that calorie information be displayed. -The Washington Post
Subscribe to:
Posts (Atom)