Economics/Trade

Schumer demands more money for school security

Sen. Chuck Schumer (D-N.Y.) said he wants more federal funding for school security because some schools are being forced to dip into funds for education in order to ensure school safety.

“As a parent, I know that the safety, health, and success of our children are always at the front of the mind,” Schumer said. “We must do everything in our power to allow our schools to bolster their safety programs to make sure we have the tools at our disposal to better prevent the next Sandy Hook.”

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Corker to Obama: ‘Take action now’ on more sanctions

Senate Foreign Relations Committee ranking member Bob Corker (R-Tenn.) called on President Obama to impose more sanctions on Russian companies to deter Russian military intervention in Ukraine.

Corker sent Obama a letter over the weekend, ahead of a European Union meeting on Russian sanctions Monday.

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Senate bill provides insurance for cities at risk of terrorism

A bipartisan Senate bill would require the federal government to cover some expenses if terrorists attack a city.

Sens. Charles Schumer (D-N.Y.), Dean Heller (R-Nev.), Mark Kirk (R-Ill.) and Jack Reed (D-R.I.) announced Thursday that they have drafted a reauthorization of the Terrorism Risk Insurance Act (TRIA), which provides federal insurance against losses from terrorist attacks that could bankrupt a city.

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Senate passes funding transparency bill

The Senate passed a bill Thursday that aims to ensure transparency on how all federal funds are spent.

Sen. Mark Warner (D-Va.) introduced S. 994, the Digital Accountability and Transparency Act, and got unanimous consent Thursday to pass the measure with an amendment from Sen. Tom Carper (D-Del.).

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Sanders: Kochs, Adelson are turning US into oligarchy

Sen. Bernie Sanders (I-Vt.) said Wednesday that billionaires are trying to turn the United States into an oligarchy by influencing elections and policy with their money.

“I do not believe democracy is about a handful of billionaires, such as the Koch brothers and Sheldon Adelson, being in a position where they can spend as much money as they want on any political race in this country,” Sanders said. “That’s not democracy … it is oligarchy.”

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Reid: Are GOP ‘repulsed’ by equal pay for women?

Senate Majority Leader Harry Reid (D-Nev.) predicted that Republicans would block the Senate from considering legislation aimed at ensuring equal pay for women.

“For reasons known only to them, Senate Republicans do not appear to be interested in closing the wage gap for working women,” Senate Majority Leader Harry Reid (D-Nev.) said. “Are Republicans in the Senate so repulsed by equal pay for hard-working American women that they can’t even stomach the thought of debating the issue?”

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