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July 19, 2010, 5:11 pm
By
Jay Heflin
Democratic National Committee
Chairman Tim Kaine on Monday blasted Republican campaign committee Chairmen
Pete Sessions and John Cornyn, both from Texas, who on Sunday defended the
policies of President George W. Bush.
Under Bush, Congress passed a
$1.3 trillion tax bill that was not offset, which some contend contributed
mightily to the current deficit.
Read more...
Archived under:
Domestic Taxes
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July 19, 2010, 4:43 pm
By
Vicki Needham
A reconciled bill to fund the
Federal Aviation Administration could be ready this week.
Senate Commerce, Science and
Transportation Chairman Jay Rockefeller (D-W.Va.) said he expects a final
product on the long-delayed bill to be ready for Senate floor action by the
middle of the week. Rockefeller will give Senate Majority Leader Harry Reid (D-Nev.) a bill this week he hopes will pass by the August recess, a Senate aide told The Hill.
The union issue with FedEx
and UPS will be handled on the floor, most likely in a separate vote from the
main bill, Rockefeller told The Hill.
The House’s FAA bill shifts
FedEx ground operations jurisdiction that would put FedEx and UPS under the
same rules. FedEx has called it a “bailout” for UPS.
Read more...
Archived under:
Appropriations
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July 19, 2010, 4:12 pm
By
Vicki Needham
As the rhetoric over spending and debt created by extending unemployment benefits heated up Monday, the Senate is facing decisions this week over more than $100 billion in spending initiatives that aren't offset with other revenue raisers. Senators are expected to pass a $34 billion extension of unemployment benefits on Tuesday afternoon after a six-week delay caused by a Republican filibuster. Meanwhile, Senate Democratic leadership might opt to take a test vote on a House-passed $81.3 billion measure to fund the wars in Iraq and Afghanistan and provide disaster aid to states. The bill isn't likely to pass the Senate despite the offsets for other added domestic programs such as education. Of the more than $115 billion spending in both bills, only $22.8 billion is paid for — that includes $10 billion for an education jobs fund estimated to help save 140,000 education jobs for the next school year, funding for Pell Grants, summer youth jobs, the Pigford and Cobell settlements and border security among other issues. The Senate and House bills each contain about $33 billion that is directed for the troops in Iraq and Afghanistan, an amount about equal with funding to extend unemployment benefits.
Read more...
Archived under:
Budget
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July 19, 2010, 4:12 pm
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.
Read more...
Archived under:
International Taxes
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July 19, 2010, 3:22 pm
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.
Read more...
Archived under:
E2-Wire, Economy
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July 19, 2010, 1:12 pm
By
Administrator
A poll found voters were twice as likely to blame
President George W. Bush than President Obama for economic problems.
Read more...
Archived under:
Economy
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July 19, 2010, 12:32 pm
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.
Read more...
Archived under:
News, Banking/Financial Institutions
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July 19, 2010, 12:15 pm
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.
Read more...
Archived under:
Corporate Governance
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July 19, 2010, 11:45 am
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.
Read more...
Archived under:
Economy
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July 19, 2010, 11:20 am
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.
Read more...
Archived under:
E2-Wire, Domestic Taxes
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