Obama will ask Congress for roughly $50 billion in emergency aid to help states recover from Hurricane Sandy, The New York Times reports. The request could range between $45 billion and $55 billion. “That represents an enormous sum at a time when Mr. Obama is locked in a titanic struggle...
As President Obama and Republican leaders try to avoid automatic spending cuts and tax increases beginning in the New Year, several lawmakers say a stalled farm bill that reshapes nutrition and agriculture programs could contribute billions of dollars in savings.
Coalition For Fiscal & National Security launched an ad blitz Wednesday calling on Congress to stabilize the national debt. The letter features a number of famous signatories, including former Secretaries of State Madeleine Albright, Henry Kissinger, James Baker and George Shultz, former Defense Secretaries Robert Gates, Frank Carlucci and Harold...
Politico notes that, with the final numbers in, both Team Obama and Team Romney raised more than $1 billion - “Obama: $1.123 billion, Romney: $1.019 billion. That’s the final fundraising tally in the most expensive presidential election ever, according to reports filed Thursday with the FEC by the campaigns and...
Former House majority leader Dick Armey (R-TX) agreed to resign as chairman of the tea party group FreedomWorks in exchange for $8 million in consulting fees, a confidential contract shows. Armey left the group because of an internal split over the direction of the organization.
Nearly two years after Wall Street waged a successful campaign to keep consumer advocate (now Senator-elect) Elizabeth Warren, D-MA, from running the Consumer Financial Protection Bureau, she has been tapped to serve on the Senate Banking Committee, making her one of the top Wall Street watchdogs on the Hill, Bloomberg...
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