Sen. Daniel Akaka, D-Hawaii, delivered his farewell address on the Senate floor on Wednesday, after 22 years in the Senate and 14 in the House. He touched on veterans' issues and rights for Native Hawaiians before weighing in with some advice for solving the fiscal cliff: "If we paddle together...
On Thursday Herbert H. Kohl, the son of immigrants, the businessman, the sports fan, the NBA team owner, and the philanthropist, gave his farewell speech to the place he has worked for 24 years. In a town filled with folks who love microphones and cameras, Kohl stood out for being...
As the White House prepares to dial in on the issue, congressional lawmakers of the so-called Gang of Eight on immigration have also begun meeting. The group, which includes key players on immigration reform - Sens. Chuck Schumer (D-N.Y.) and Lindsey Graham (R-S.C.) - is hoping to put forward principles...
A report from the nonpartisan Congressional Research Service, showing that cutting top tax rates does not stimulate the economy — a cornerstone of tax philosophy among many Republicans — was reissued this week after being pulled in early November amid complaints from Senate Republicans. An analysis of 65 years of...
Conference committee discussions on the defense authorization bill appear to be proceeding smoothly, by many accounts. House Armed Services Vice Chairman Mac Thornberry, R-TX, believes it will be on the floor next week. Conferee Sen. Kelly Ayotte, R-N.H., described some of the ongoing discussions about the sticking points between the...
Pegging benefit payments and parts of the tax code to a new consumer price index called the “Chained CPI” sounds like a debt-deal no-brainer. It’s a single tweak that could raise about $72 billion in tax revenue and cut spending by about $145 billion through 2021, according to the CBO’s...
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