by Preetisha Sen | Mar 18, 2014 | Politics
WASHINGTON — Despite the Republican Party’s efforts in the past year to rebrand itself, it has only further distanced itself from a more diverse voter base, Democratic National Committee Chair Debbie Wasserman Schultz said Tuesday. “Their policies are simply out of...
by Preetisha Sen | Mar 17, 2014 | Business
WASHINGTON – President Barack Obama’s recent proposal to increase the earned income tax credit to include 13.5 million unmarried workers may be his best bet to achieve his goal of combatting income inequality and getting more Americans out of poverty. His proposed...
by Preetisha Sen | Mar 17, 2014 | Health & Science
WASHINGTON — Jeff Kahn walked into yet another meeting with a bank that had agreed to meet with him. He sat down with the bank manager and explain everything about his business: a health clinic that treats patients with marijuana. Under laws in the District of...
by Preetisha Sen | Mar 11, 2014 | Politics
WASHINGTON – Federal budget director Sylvia Burwell said this is “the week of hearings” for her and various cabinet departments to help lawmakers digest the basics of President Barack’s Obama’s the $3.9 trillion budget. But the budget and its defenders will...
by Preetisha Sen | Mar 5, 2014 | Business, Politics
WASHINGTON – One day after President Barack Obama unveiled his 2015 budget, Treasury Secretary Jacob Lew highlighted its strengths before the Senate Finance Committee, but also faced a sharp critique from Republicans. “It supports the ongoing recovery and invests in...
by Preetisha Sen | Feb 26, 2014 | Business
WASHINGTON – President Barack Obama mentioned the need for corporate tax reform in his January State of the Union address. Now the Republican chairman of the powerful House Ways and Means Committee is offering a comprehensive tax reform plan that covers both...
by Preetisha Sen | Feb 19, 2014 | Environment
WASHINGTON – Anti-pipeline environmentalists cited carbon pollution and high tar costs Wednesday as arguments against building the next phase of the Keystone XL pipeline. A panel of experts affiliated with the All Risk, No Reward Coalition – an anti-Keystone public...
by Preetisha Sen | Feb 12, 2014 | Business, Politics
WASHINGTON — The Senate passed the bill to suspend the federal debt ceiling until March 2015 on Wednesday after a crucial 67-31 vote to end debate on the measure, with a flurry of support from Republican leadership. The procedural vote for cloture, which...
by Preetisha Sen | Feb 11, 2014 | Business
WASHINGTON — In her first appearance before Congress as head of the Federal Reserve, Janet Yellen said the Fed will focus on returning the economy to employment while keeping an eye on whether regulatory reforms for the financial industry are working. Yellen delivered...
by Preetisha Sen | Feb 6, 2014 | Business
WASHINGTON — The Volcker rule was designed to prevent another financial crisis similar to 2009, but critics say it will affect average bankers across the country instead of targeting Wall Street financial institutions. The House Financial Services Committee examined...
by Preetisha Sen | Feb 5, 2014 | Business
WASHINGTON — The Volcker rule was designed to prevent another financial crisis similar to 2009, but some critics say it will only slow economic recovery. The House Financial Services Committee examined the Volcker rule today in an effort to weigh its impact on job...
by Preetisha Sen | Feb 3, 2014 | Business
WASHINGTON – Congress must act before the temporary suspension of the debt ceiling ends this week or the Obama administration will have to take “extraordinary measures” to avoid a default, Treasury Secretary Jacob Lew said Monday at the Bipartisan Policy Center. Lew...
