Category Archives: Congress

Chevy Volt’s problems may not be over as GM’s CEO prepares to face Congress

By doris | Published: January 25, 2012

Full Story at BottomLine.msnvc.msn.com The Chevrolet Volt got a clean bill of health, last Friday, with the National Highway Traffic Safety Administration closing its investigation into potential problems with the plug-in hybrid’s battery pack – but that doesn’t mean General Motors’ problems with the Volt are over, as a Congressional hearing is scheduled to begin [...]

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Lawmakers kill cell phone robo-call bill

By doris | Published: December 15, 2011

Full Story at BottomLine.msnbc.msn.com Rep. Lee Terry got the hint. The robo-calls bill is dead. The bill sponsored by Terry, R-Neb., (H.R. 3035) would have allowed “robo-calls” to your cell phone — even if you didn’t give a company permission to contact you at that number. Consumer groups made a lot of noise in the [...]

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Congress takes on insider trading … by Congress

By doris | Published: December 7, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Is insider trading by members of Congress legal? How common is it? What’s being done about it? Congress itself is tackling those questions right now following an explosive report on 60 Minutes last month. The program accused House leaders John Boehner and Nancy Pelosi, as well Spencer [...]

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Lawmakers face limits in fight to fix economy

By doris | Published: September 11, 2011

Full Story at msnbc.com With unemployment stuck above 9 percent, Americans are looking to the White House, Republican presidential candidates and the Federal Reserve for credible plans to boost job growth. None of the proposals now being floated hold much promise. Falling home prices continue to wipe out equity for millions of households. Manufacturing has [...]

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Postal job cuts would weigh on minorities, vets

By doris | Published: September 6, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Should the Postal Service get its way on laying off thousands of workers, the cuts would weigh heavily on two segments of the population hard hit in recent years: minorities and veterans. The U.S. Postal Service, teetering toward default, wants the power to cut 120,000 jobs by voiding [...]

Also posted in Jobs, Layoffs, Post Office | Leave a comment

Students to feel pinch in debt deal

By doris | Published: August 2, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Some students will start owing more on their loans while they’re in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade. As part of the savings to trim the deficits, Congress would [...]

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Seniors: We need our Social Security!

By doris | Published: July 31, 2011

Full Story at money.cnn.comSocial Security was not to be touched by the government and take money out of it. They say they borrowed from it,but they never paid it back. If they had it would not be in the shape it is in now. Why do they take from the people that really need it. [...]

Also posted in Budget, Debt, Economy, Financial, Government, Money, President, Rant, Social Security | Leave a comment

Wall Street Week Ahead: Debt and data suggest more losses

By doris | Published: July 30, 2011

Full Story at news.Yahoo.com NEW YORK (Reuters) – The crisis over raising the debt ceiling may have been manufactured by politicians, as many on Wall Street charge, but its effect on consumers and the broader economy is likely to prove very real. Fear that Congress may not raise the government’s $14.3 trillion legal borrowing limit [...]

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Debt ceiling: What happens if Congress doesn’t raise it?

By doris | Published: July 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Prospects for a debt-ceiling deal dimmed late Friday afternoon when talks broke down between President Obama and House speaker John Boehner. Lawmakers will continue negotiating, and a deal is still ultimately possible, but what happens if lawmakers fail to act by the Aug. 2 deadline? Well, it’s [...]

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Boeing labor dispute turns into headache for Obama

By doris | Published: June 29, 2011

Full Story at msnbc.com WASHINGTON — The government’s labor dispute with Boeing Co. is turning into a political headache for President Barack Obama, giving his Republican rivals a fresh opening to bash the administration’s economic policies. From congressional hearings to presidential debates, outraged Republicans are keeping up a steady drumbeat of criticism over the National [...]

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Failure to act on debt could spell trouble for economy

By doris | Published: May 29, 2011

Full Story at msnbc.com The government has maxed out its borrowing limit, and Treasury officials have warned of dire consequences if Congress and the White House can’t agree soon on a plan for raising the debt ceiling. Failure to act on a plan could force the Treasury to make steep spending cuts to avoid defaulting [...]

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Big Oil execs hit back on tax proposal

By doris | Published: May 12, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Dragged before Congress as gas prices explode at the pump, oil executives mounted a vigorous defense of their business practices on Thursday — pushing back against plans to eliminate tax breaks for the “big five” oil and gas companies. All five executives acknowledged rising prices at the pump, [...]

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Congress unites over BEER bill

By doris | Published: March 12, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Lawmakers can’t agree on anything except … beer. That’s right. Earlier this week, a Democrat joined with a Republican to introduce legislation in the Senate that would lower excise taxes on small breweries.Currently, breweries pay a $7 dollar tax per barrel for the first 60,000 barrels they [...]

Also posted in America, Business, Financial, Money, Wrongdoing | Leave a comment

House OKs $60 billion in budget cuts

By doris | Published: February 19, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The Republican-controlled House early Saturday approved more than $60 billion in cuts in federal spending for the current fiscal year, less than two weeks before a deadline to fund the government. The House vote, completed just after 4:40 a.m. ET, was 235-189. All 186 Democrats voting were against [...]

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