by Mattias Gugel | Feb 15, 2012 | Business, Politics
WASHINGTON — Acting budget director Jeffrey Zients struggled to stay on script defending President Barack Obama’s budget proposal when he faced fire about its claimed savings from a Republican-controlled budget committee on Wednesday. This was part of Zients’ two-day...
by Ben Kamisar | Feb 15, 2012 | Business, Politics
WASHINGTON — For Buddy Roemer, it’s all about the Benjamins. But he’ll only accept one at a time. The former governor and congressman from Louisiana and current presidential candidate has capped his campaign contributions at just $100 per donor in a...
by Shirley Li | Feb 14, 2012 | Business
WASHINGTON – Treasury Secretary Timothy Geithner fought a budget battle Tuesday, defending and explaining President Barack Obama’s spending plan before the Senate Finance Committee. From deflecting blunt questioning by Sen. Jon Kyl, R-Ariz., to verbally tussling with...
by Safiya Merchant | Feb 13, 2012 | Business, Education, Politics
WASHINGTON—President Barack Obama asked U.S. businesses and community colleges Wednesday to unite behind an $8 billion jobs training plan that he said will help improve both education and the job market. The proposal would fund partnerships between community colleges...
by Mattias Gugel | Feb 8, 2012 | Business, Politics
WASHINGTON – Should union members be able to choose which political campaigns their dues support and should labor organizations be forced to share with their members how exactly those political dollars are being spent? The House Committee on Oversight and Government...
by Shirley Li | Feb 7, 2012 | Business, Politics
WASHINGTON –Federal Reserve Chairman Ben Bernanke called the U.S. economic outlook “uncertain” Tuesday and urged “close monitoring” of the economy. At a hearing before the Senate Budget Committee, Bernanke noted the recovery of manufacturing in the country, but said...
by Patrick Svitek | Feb 6, 2012 | Business, Politics
WASHINGTON — Of all the places where disgraced ex-lobbyist Jack Abramoff has been spotted since emerging from prison more than a year ago, his appearance Monday was surely the most unlikely of locales. Seated beneath a floor-to-ceiling banner headlined with the phrase...
by Mattias Gugel | Feb 1, 2012 | Business
WASHINGTON — Republicans and Democrats sparred Wednesday over a way to cure the economy at a House Budget Committee hearing after the head of the Congressional Budget Office said the country is on an “unsustainable fiscal course.” Congressional Budget Office Director...
by Shirley Li | Jan 31, 2012 | Business, National Security
WASHINGTON – The flames of controversy that burst over President Barack Obama’s recess appointment of Richard Cordray as Director of the new Consumer Financial Protection Bureau are still smoldering. Four Republican members of the Senate Banking, Housing and Urban...
by Jaclyn Skurie | Jan 31, 2012 | Business, Environment, Politics
WASHINGTON — Political and economic turbulence in oil-producing nations may threaten a “great revival” in future U.S. energy production, according to a Senate hearing Tuesday. The Senate Energy and Natural Resources Committee reviewed energy supplies, global market...
by Ben Kamisar | Jan 31, 2012 | Business
WASHINGTON — Auto industry officials Tuesday urged the federal government to challenge China’s “rampant use of unchecked subsidies,” as three new reports suggest that Chinese violations of international trade agreements could spell trouble for the American automobile...
by Patrick Svitek | Jan 31, 2012 | Business, Politics
WASHINGTON — Sen. Joe Lieberman on Tuesday warned “irrelevant amendments” could erode bipartisan support for a bill outlawing what has been termed “congressional insider trading.” At a media briefing with Republican Sen. Scott Brown of Massachusetts and Democratic...
