Capitol Hillbillies

Tensions heat up during Banking Committee hearing

Tensions heat up during Banking Committee hearing

Republicans escalated their push to delay and defund the Dodd-Frank Wall Street reforms on Thursday as top regulators warned the Senate Banking Committee of a staff and funding crunch. The chiefs of major agencies that are writing hundreds of rules mandated by Dodd-Frank told the panel at a hearing that they need more money to […]

House overturns proposed Internet privacy changes

House overturns proposed Internet privacy changes

The House of Representatives voted on Thursday to overturn proposed rules that bar Internet service providers from blocking legal content but give some discretion to ration access for bandwidth hogs. The vote — which was spearheaded by Republican lawmakers determined to undo a range of Obama administration initiatives — would block funds to implement rules […]

Angry Colin Powell wants answers on Iraq WMD lies

Angry Colin Powell wants answers on Iraq WMD lies

Ex-secretary of state Colin Powell called on the CIA and Pentagon to explain how he was given unreliable information which proved key to the US case for invading Iraq, the Guardian reported Wednesday. Powell’s landmark speech to the United Nations on February 5, 2003, cited intelligence about Iraq leader Saddam Hussein’s bioweapons programme gained from […]

As usual, defense dominates budget debate

As usual, defense dominates budget debate

Republicans pressed ahead on Wednesday with legislation to immediately slice more than $61 billion from domestic spending but found their budget-cutting unity shaken in a House of Representatives vote to kill a big weapons project. After refusing on Tuesday to trim other military spending for this year, the House voted 233-198 to deny immediately $450 […]

Capitol Hill budget circus continues

Capitol Hill budget circus continues

From left, Joint Chiefs Chairman Adm. Michael Mullen; Defense Secretary Robert Gates; Pentagon Comptroller Robert F. Hale, and others, testify on Capitol Hill in Washington, Wednesday, Feb. 16, 2011, before the HouseArmed Services Committee hearing on the Defense Department’s budget. (AP Photo/J. Scott Applewhite) Conservatives are trying to cut arts funding while Democrats seek to […]

Dems to GOP: So, where are all the jobs?

Dems to GOP: So, where are all the jobs?

Republicans won sweeping victories last November by taunting Democrats with “Where are the jobs?” Democrats are now throwing those taunts back, saying it’s Republicans who will knock thousands of Americans out of work with their demands for deep cuts in federal spending. The attacks have caught Republicans at an awkward moment, as they shift their […]

America to cyber-dissidents: ‘We’re with you’

America to cyber-dissidents: ‘We’re with you’

The United States stands with cyber dissidents and democracy activists from the Middle East to China and beyond, Secretary of State Hillary Rodham Clinton said Tuesday. She pledged to expand the Obama administration‘s efforts to foil Internet repression in autocratic states. In an impassioned speech on Internet freedom, Clinton said the administration would spend $25 […]

Obama makes first move in budget chess match

Obama makes first move in budget chess match

The president’s budget has all the trappings of a financial document — ledgers, tables, economic projections. But it is, foremost, a political declaration. With this budget, President Barack Obama cast himself as a sensible fiscal manager — not too harsh, not too soft — while exploiting internal Republican struggles over how much cutting is too […]

White House wants standards for mortgages

White House wants standards for mortgages

The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N) that have been accused of botching home foreclosure procedures. In unveiling its plan to overhaul the housing finance system, the White House said on Friday it supports reforms to correct problems […]