FUBAR

Debt-ridden postal service looks to Congress for help

Debt-ridden postal service looks to Congress for help

The postmaster general is going to Congress to discuss the Postal Service‘s mounting debt. Postmaster General Patrick Donahoe is among the witnesses scheduled to appear Tuesday before the Senate Homeland Security and Governmental Affairs Committee. The Postal Service is facing a second straight year of losses of $8 billion or more. A decline in mail […]

Economic crisis threatens pension funds

Economic crisis threatens pension funds

Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees. At the heart of their problems is a steady move by pension plans in the United States, euro zone, Japan and the UK to cut exposure […]

Like it or not, tea party is an influencing factor

Like it or not, tea party is an influencing factor

Bulling its way into 2012, the tea party is shaping the race for the GOP presidential nomination as candidates parrot the movement’s language and promote its agenda while jostling to win its favor. That’s much to the delight of Democrats who are working to paint the tea party and the eventual Republican nominee as extreme. […]

Dick Cheney tries to rewrite history

Dick Cheney tries to rewrite history

Dick Cheney‘s autobiography presents a robust defense of his push for the U.S. invasion of Iraq without critically examining two issues central to America’s near-failure in the war: the Bush administration’s decision to disband the country’s army and banish all members of Saddam Hussein‘s Baath Party. Cheney has said that “In My Time” would cause […]

Glenn Beck is mad as heck at John Boehner

Glenn Beck is mad as heck at John Boehner

Glenn Beck is taking his carnival sideshow to Israel next week but members of Congress won’t be going with him — at least not at taxpayers’ expense. The House Ethics Committee is barring members from attending Beck’s “Restoring Courage” rally in Israel on August 24, ruling that the gathering is a political event and cannot […]

GOP effort to recall Democrats fails in Wisconsin

GOP effort to recall Democrats fails in Wisconsin

Wisconsin Republicans failed Tuesday to oust two Democratic state senators, ending a series of recall efforts by both sides that left Democrats with a 2-0 edge in the political game of one-up-man-ship triggered by the tense battle over collective bargaining rights for public employees. Even with their two wins in an earlier recall effort seeking […]

Bachmann wins Iowa straw poll, but does it mean anything?

Bachmann wins Iowa straw poll, but does it mean anything?

Minnesota Rep. Michele Bachmann won a test vote of Iowans on Saturday, a show of popularity and organizational strength for the tea party favorite five months before the state’s caucuses kick off the GOP presidential nominating season. The result is the first indication of what Iowans think of the field of Republicans competing for the […]

Appeals court strikes down individual mandate in health care law

Appeals court strikes down individual mandate in health care law

A federal appeals panel’s ruling striking down the centerpiece of President Barack Obama’s health care overhaul moves the question of whether Americans can be required to buy health insurance a step closer to the U.S. Supreme Court. A divided three-judge panel of the 11th Circuit Court of Appeals ruled Friday that Congress overstepped its authority […]