Rep. Marsha Blackburn (R-TN) spoke out today against President Obama’s proposal to raise minimum wage to $9.00 per hour an index it to inflation so that it keeps up with the economy saying it would negatively affect the ability of young workers to enter the workforce. She went on to note that a higher minimum […]
The Expeditionary Combat Support System, designed to save money by combining hundreds of existing computer system, has been deemed a failure. Sen. John McCain described it as ‘one of the most egregious examples of mismanagement in recent memory.
Republican presidents have raised the debt ceiling 49 times, while Democratic presidents have raised it only 30 times. Can you guess which president raised the debt ceiling the most? Bloomberg’s Hans Nichols breaks down the numbers that make up the debt ceiling and looks at how many times it has been raised through the years.
With only four days left until the United States tumbles over the “Fiscal Cliff,” many Americans are wondering what exactly this might mean for them and their budgets. Hopes are beginning to wane that lawmakers in Washington will be able to hammer out a last-minute compromise to avert the cliff. In the meantime, the rhetoric […]
Frustrated by the impending fiscal cliff and the continuing silence of the GOP leadership, Senate Majority Leader Harry Reid (D-NV) indicated today that he did not think there was enough time to avoid automatic spending cuts and tax increases unless House Republicans approved a Senate bill that would preserve existing tax rates on income under $250,000. […]