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  July 19, 2010, 4:12 pm

Sen. Levin to begin campaign stopping abusive tax shelters

By Administrator

Sen. Carl Levin (D-Mich.) on Tuesday will announce a new campaign seeking to end abusive tax shelters that cost taxpayers as much as $123 billion a year. 

The Business and Investors Against Tax Haven Abuse campaign will mobilize a group of business leaders and investors who want to end abusive tax shelters because they believe they are for bad business.


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Archived under: International Taxes
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  July 19, 2010, 3:22 pm

White House to host meeting on green jobs Tuesday

By Jay Heflin


The White House on Tuesday will host a discussion with community leaders, stake holders and energy experts from the federal government on ways the country can transition to a clean energy economy that will help create jobs and make the United States more competitive abroad. 

The discussion is slated to begin in the morning and is expected to focus on the importance of sustainable buildings in a clean energy economy. Current initiatives and pending legislation is expected to be a part of the conversation. 


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Archived under: E2-Wire, Economy
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  July 19, 2010, 1:12 pm

Poll finds most voters blame Bush more than Obama for country's recession

By Administrator

A poll found voters were twice as likely to blame President George W. Bush than President Obama for economic problems.

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Archived under: Economy
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  July 19, 2010, 12:32 pm

Dodd doubts Warren's confirmability for job of consumer guardian

By Michael O'Brien

Elizabeth Warren might not have the votes to win confirmation as head of a new Consumer Financial Protection Agency, Dodd suggested Monday.

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Archived under: News, Banking/Financial Institutions
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  July 19, 2010, 12:15 pm

BP's costs hit nearly $4 billion

By Vicki Needham

The cost of the oil spill response has risen to almost $4 billion as BP works to maintain the well cap. 

Total costs hit $3.95 billion, which include for containment, relief-well drilling, grants to the Gulf states, claims paid and federal costs, BP reported Monday. 

Almost 116,000 claims have been filed by those individuals and businesses affected along the Gulf coast. More than 67,500 payments have been made, totaling $207 million, BP reported Monday. 

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Archived under: Corporate Governance
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  July 19, 2010, 11:45 am

Obama calls on Republicans to extend unemployment relief

By Jay Heflin

President Obama on Monday once again called on Congress to extend an expansion to unemployment insurance and criticized Senate Republicans for blocking the last three attempts to extend the program. 

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Archived under: Economy
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  July 19, 2010, 11:20 am

Architecture group calls for a beefed-up energy tax bill

By Jay Heflin

The American Institute of Architects (AIA) on Monday called on House Ways and Means Chairman Sandy Levin (D-Mich.) to add to his green energy jobs bill provisions that promote energy efficiency in commercial buildings.

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Archived under: E2-Wire, Domestic Taxes
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  July 19, 2010, 9:30 am

Weekend did not stop Republicans from bashing Democrats on Bush tax cuts

By Jay Heflin

Republicans over the weekend continued to blast the Democratic plan for allowing the Bush tax cuts for the wealthy to expire at a time of economic uncertainty.

They argued small businesses will also be hit by the tax increase, prohibiting them from hiring.

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Archived under: Domestic Taxes
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  July 18, 2010, 10:15 am

GOP wants extension of benefits without ‘gargantuan spending’

By Bridget Johnson

Senate Minority Leader Mitch McConnell (R-Ky.) stressed Sunday that Republicans are “all for extending unemployment insurance.”

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Archived under: News, Budget
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  July 17, 2010, 9:43 pm

Unemployment benefits expected to be reinstated with $34 billion bill

By Vicki Needham

After a six-week wait, unemployment benefits are expected to be retroactively reinstated next week for more than 2.5 million workers.


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Archived under: Economy
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