The dog that didn’t bark this week, let alone bite, was the President’s response to JP Morgan Chase’s bombshell admission of losing more than $2 billion in risky derivative trades that should never have been made.
The talk of the defense world is the budget — specifically, how to shrink it and what will be cut, due to Congressional wrangling or the looming “sequestration”. Given the new austerity pressures, it’s noteworthy that a costly program targeted for cancellation by both the administration and the Congress has gotten a new government check for a quarter of a billion dollars — and, if the Pentagon gets its wish, will get another $400 million soon.
WASHINGTON, D.C. – Last week, the Republican-controlled House of Representatives voted to cut almost $36 billion from the federal food stamps program in order to preserve the Pentagon budget from an automatic 10 percent cut that’s due to take effect because a supercommittee failed to reach an agreement on how to reduce the nation’s budget deficit last year.
WASHINGTON, D.C.— A federal investigation requested by U.S. Sen. Frank Lautenberg (D-NJ) today revealed the failure of the Transportation Security Administration (TSA) to adequately gather information about airport security breaches and make improvements to airport security.
FactCheck.org’s D’Angelo Gore takes a look at claims made in some recent television ads run by the U.S. Chamber of Commerce about the potential impact of the federal health reform law. He finds several important exaggerations and omissions.
WASHINGTON, D.C. – The U.S. Environmental Protection Agency (EPA) has determined that the systems used at gas station pumps to capture harmful gasoline vapors while refueling cars can be phased out. Modern vehicles are equipped to capture those emissions.
The 2012 election should be about what’s going on in America’s boardrooms, but Republicans would rather it be about America’s bedrooms.