The Thing That Couldn’t Die: Yucca Battle Continues in Congress and in the Courts

By: Friday May 11, 2012 2:10 pm

It is hard not to think of this black and white bubbe meise while reviewing the most recent chapters in the battle over the future of the partially excavated, purportedly moribund Yucca Mountain nuclear waste repository in southwestern Nevada.


Check Off Another Securitization Fraud Task Force Promise

By: Wednesday May 9, 2012 2:00 pm

One of the items Eric Schneiderman has been using to push back on claims that the Residential Mortage Backed Securities (RMBS) working group is being slow-walked and made ineffectual is that they have a funding stream earmarked for it that testifies to the seriousness of effort with respect to resources. But yesterday, House GOP members refused to add these funds to their budget.

Frank, Miller Try to Open Up Accountability for Fed, OCC

By: Thursday April 19, 2012 5:45 pm

Barney Frank and Brad Miller tried to shake up a House Financial Services Committee hearing yesterday. As per usual, Republicans wanted to go after the CFPB’s funding and subject it to the appropriations process. As it stands, CFPB derives its funding from a portion of the funding of the Federal Reserve, which comes from sources independent of Congress. The argument goes, why should CFPB be exempt from Congressional oversight in terms of its funding? The real agenda is that Republicans would then squeeze funding for CFPB to render them ineffective, or attach strings to the funding, either explicitly or implicitly.

Government Funding Bill Expected By End of Week

By: Monday December 12, 2011 3:36 pm

Congress has apparently decided that it can only deal with one major fight at a time. At the same time that the parties jockey over whether to extend the payroll tax cut and unemployment insurance, at the end of this week the current continuing resolution to fund the government expires. So, some progress has apparently been made on an agreement that would fund the government through the fiscal year.

Um, Continuing Resolution Runs Out November 18. Anyone?

By: Saturday November 12, 2011 10:00 am

In six days, the continuing resolution to fund the government runs out. To avoid a government shutdown, the House and Senate will have to agree on some stopgap measure to allow the government to continue to run. Yet all the talk in Washington is over a completely separate budget process, the Super Committee deliberations, which must come to a resolution by November 23.

Jobs Measures Doomed, Shutdown Looms: Your Congress in 2011

By: Tuesday November 1, 2011 2:50 pm

Regardless of the strategy pursued by the White House and Democratic Congressional leadership, here’s what’s going to happen: there will be no jobs bills because of GOP obstruction, and Republicans will bring the country to the verge of a government shutdown. Again.

Allegedly “Meaningless” 2011 Budget Cuts Cost 370,000 Jobs

By: Friday October 28, 2011 6:59 am

Way back in April, Congress agreed, after nearly causing a government shutdown, on a budget deal that cut $39 billion over the next six months. There were a lot of articles written in the aftermath about how the outlays actually increased and how Obama fleeced Boehner and how the whole thing got accomplished with no harm.

Well, the Center for American Progress, making a different point and trying to pin the bad economy on House Republicans, ran the numbers on the 2011 budget cuts. It turns out they cost the country 370,000 jobs.

Republicans Block State Fiscal Aid Bill, Jobs for Teachers and Public Safety Workers

By: Friday October 21, 2011 7:01 am

As expected, Senate Republicans blocked the state fiscal aid bill that would have put as much as 400,000 teachers and public safety officials back to work. All 47 Senate Republicans voted against cloture on the motion to proceed on the bill. In addition, three members of the Democratic caucus said no. We knew that Joe Lieberman and Ben Nelson would be no votes, but Mark Pryor also decided that a 0.5% surtax on every dollar over $1,000,000 for Sam Walton and the Walton family wealthy Americans was too much to ask. This means that the final tally on the bill was 50-50. In a sane world where majority rules, Vice President Biden would have cast the tie-breaker and 400,000 teachers and fire fighters and cops would have jobs to look forward to. As it is, the Senate is an undemocratic institution, and states still suffering with depressed tax revenues will have to continue the rounds of layoffs that have been a lead weight on the economy.

Boehner Presses Obama on Regulations

By: Friday August 26, 2011 4:15 pm

There’s also reason to suspect that the anti-regulatory environment Republicans seek has nothing to do with job creation or allowing business investment to take off, and everything to do with allowing corporations to run away with profits that they’ll pocket from being allowed to act with no controls on its behavior.

The Next Hostage Crises: 2012 Appropriations, Federal Gas Tax

By: Tuesday August 2, 2011 11:00 am

John Boehner says that he got 98% of what he wanted out of the debt limit fight. The only thing I can conceivably think of that he didn’t get was an additional hostage-taking situation over the debt limit. But those are in great supply in Washington.

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