22 raises, by 12 presidents, but how much in your pocket?
Congress
Why Ben Bernanke Is Peeved With Congress in One Chart
In Ben Bernanke’s final scheduled press conference as Chairman of the Federal Reserve, he had some unusually strong words for Congress–his partner in efforts to stimulate the economic recovery.
Apple CEO Backs LGBT Anti-Discrimination Bill
Support for Employment Non-Discrimination Act
As Battle Brews Over Financial Watchdog Agency, A Look at What’s It’s Done So Far
When an appeals court ruled that President Obama’s recess appointments of members of the National Labor Relations Board was unconstitutional, it also threw into doubt the validity of the recess appointment last January of Richard Cordray, director of the Consumer Financial Protection Bureau. There was already a clash shaping up over …
Obama Inauguration Tickets – Which Are Distributed Free – Listed Online for $7,500 Apiece
No one present at next week’s swearing-in ceremony of Barack Obama as president is supposed to pay a dime to attend the event. But some attendees may be paying thousands of dollars for the privilege.
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Money Talking: Wall Street CEOs and the Fiscal Cliff
The issue of the “fiscal cliff,” the impending tax-hike and automatic cuts to federal spending, has been put on the backburner by lawmakers trying to woo voters in the runup to the November election. Now Wall Street CEOs are throwing their weight around in a new ad campaign calling for legislation to avoid the cliff. What should be done? …
Next Item on Agenda to Freak Out About: Milk Prices Could Double
Your may still be trying to calm down after news spread of a looming “unavoidable bacon shortage” (which isn’t really going to happen). But don’t get too comfortable. Now we’re supposed to panic about the possibility of milk …
Post Office to Default on $5.5 Billion Pre-Retiree Health Payment
Today the U.S. Postal Service will fail to make a $5.5 billion Congressionally mandated payment to cover health care costs for future retirees. At post offices around the country, everything will function normally. Postal trucks …
Stop Fighting Over Interest Rates — There’s a Better Way For Congress To Fix the Student Debt Crisis
Interest rates on federal subsidized Stafford loans were cut from 6.8% to 3.4% during the current economic downturn. This “temporary” reduction is scheduled to expire this summer, halfway through an election year. With
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Congressmen Accuse Fannie and Freddie Boss of Ideological Bias
Updated at 1:30 p.m.
There’s a sizable portion of the American public that’s against bailing out underwater American homeowners under any circumstances. That sentiment was most eloquently summed up by CNBC’s Rick …
Goldman Sachs: Best Way to Survive the ‘Fiscal Cliff’ Is Sending Obama, Republicans Back to Washington
Market observers are worrying about a new obstacle in the path of economic recovery: America’s impending “fiscal cliff.” Economists from Fed Chairman Ben Bernanke to Alan Blinder have been warning of the $600 billion that …
Students, Your Loan Interest Rate Is About to Double
Prepare yourself: on July 1, as many as 8 million college students will see their interest rates on federally subsidized student loans double, from 3.4% to 6.8%. According to the U.S. Public Interest Research Group, that increase …