New legislation being proposed in Congress meant to crackdown on illegal money laundering could pose a problem for Too Big To Jail banks on Wall Street that frequently make use of offshore business entities to avoid taxes and regulations.
|By: DSWright Thursday November 7, 2013 10:20 am|
|By: Jon Walker Wednesday June 12, 2013 12:10 pm|
This is a sickening and truly despicable move by Sen. Carl Levin (D-Mich). He has removed from the Defense Authorization Act the bipartisan provision that would have provided the best chance of improving the rampant problem of sexual abuse in the military. From New York Times:
|By: masaccio Sunday March 24, 2013 4:01 pm|
Last week, the House Agriculture Committee voted to cut regulation of derivative transactions, and to insure that derivative transactions could take place inside FDIC insured banks. Six Democrats voted for the bill according to Gaius Publius at AmericaBlog, including Ann Kuster NH-2, one of those true progressives supported by the likes of EMILY’s List. It certainly is discouraging to see the party that claims to represent the interests of everyday Americans holding hands with the banksters.
|By: DSWright Wednesday March 20, 2013 8:30 am|
An Israeli official has claimed that chemical weapons have been used in Syria, crossing the stated “red line” of the Obama Administration regarding U.S involvement in the Syrian Civil War.
“A senior Israeli official said Wednesday that it is “apparently clear” that chemical weapons were recently used in Syria, and that the alleged attack will be a main topic of conversation with visiting President Barack Obama.
|By: masaccio Friday March 15, 2013 3:18 pm|
It’s not all fun and games to listen to these interminable Senate Hearings, but some are more fun than others. Can Carl Levin replace Preet Bharara?
|By: Kevin Gosztola Friday February 8, 2013 11:00 am|
A confirmation hearing for President Barack Obama’s national counterterrorism adviser, John Brennan, who Obama nominated to head the CIA, took place yesterday and lasted for more than three hours. Senators on the Select Committee for Intelligence questioned him about targeted killings and the use of drones, the CIA’s interrogation program under President George W. Bush and national security leaks.
|By: Jon Walker Friday January 25, 2013 10:10 am|
One of the most painful things about following Congress is that it is often hard to tell if a member is being an idiot or engaged in a cynical attempt at deception to hide their true position.
|By: Kevin Gosztola Wednesday December 19, 2012 3:57 pm|
Lawyers involved in bringing a lawsuit against an indefinite detention provision in the 2012 National Defense Authorization Act (NDAA) have expressed outrage over a Congressional conference committee decision to remove an amendment offered by Sen. Dianne Feinstein that she thought would ban the indefinite detention of US citizens.
|By: David Dayen Tuesday September 25, 2012 6:38 am|
A curious coalition has come together to petition the Senate leadership of both parties to work on a bipartisan deal to avoid the sequester, the automatic cuts to defense and discretionary spending. Six senators, three in each party, wrote the letter to Harry Reid and Mitch McConnell. It’s mostly generic, but the identity of those involved does say something about what could come in the lame duck session.
|By: David Dayen Friday September 7, 2012 9:50 am|
Carl Levin is at it again. His Senate Subcommittee on Permanent Investigations, perhaps the best investigatory panel in Congress, particularly on financial matters, has honed in on JPMorgan Chase and the Fail Whale trades.