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Entries by Ryan Grim from 04/2009

GOP Budget Plan Assumes Americans Would Choose Higher Tax Rate

Posted 04.01.2009 | Politics

House Republicans set themselves a high bar last week when they promised to deliver an alternative budget that drastically slashed taxes while also cu...

Dems Investigating Bush Administration Role In AIG Collapse

Posted 04.01.2009 | Politics

A House oversight panel is investigating the role Bush administration officials and regulators played in the collapse of American International Group....

Sanders Resolution Calls For End To Fed Secrecy

Posted 04.01.2009 | Politics

The Federal Reserve System has doled out more than $2 trillion in an effort to stave off the financial crisis, pouring money into "hundreds and hundre...

Barney Frank Battles GOP On House Floor Over Bonus Ban Bill

Posted 04.01.2009 | Politics

House Republicans did their best Wednesday to battle Rep. Barney Frank (D-Mass.) on the House floor and wound up on the receiving end of some classic ...

Pelosi To Address Fed Authority After Recess

Posted 04.02.2009 | Politics

Members of Congress are growing increasingly concerned about the expanding role of the Federal Reserve System as it obligates trillions of dollars to ...

Frank And Bachus Applaud Mark-To-Market Rule Change

Posted 04.02.2009 | Politics

The top Democrat and Republican on the House Financial Services Committee both spoke out favorably Thursday about new mark-to-market accounting guidel...

Lieberman, GOP Push For Military Spending Hike

Posted 04.03.2009 | Politics

The Democratic budget passed late on Thursday night may "tax too much, borrow too much and spend to much" -- in the oft-repeated words of its opponent...

Hemp Bill Introduced In Congress

Posted 04.03.2009 | Politics

A bipartisan group of agitating members of Congress introduced legislation Thursday to allow farmers to grow industrial hemp. Currently eight states...

TARP Investigator Barofsky Opens Audit Of AIG

Posted 04.03.2009 | Politics

Neil Barofsky, the inspector general overseeing the financial bailout, launched an audit of American International Group on Thursday. Barofsky informe...

White House, Sanders In Talks Over Controversial Nomination

Posted 04.06.2009 | Politics

The White House and Sen. Bernie Sanders, a Vermont independent, are in talks to resolve differences surrounding a controversial nomination to the Comm...

Treasury Extends Deadline For Geithner Plan Participation

Posted 04.06.2009 | Politics

The Treasury Department announced Monday that it's extending the deadline for investment firms to apply to participate in the Geithner Plan -- the Pub...

Whoops: Economic Forecast Wrong Within Weeks

Posted 04.06.2009 | Politics

The business of making long-term projections is generally a safe one: If you wind up on the wrong end of a forecast, enough time has often passed that...

Schumer To Holder: Sue States That Won't Register Voters

Posted 04.07.2009 | Politics

Federal law requires that public assistance agencies must make voter registration materials available to voters. But folks receiving that assistance h...

71 Lawmakers Fail To Disclose Earmarks By Deadline

Posted 04.07.2009 | Politics

Making rules is easy enough. Following them - not so much. More than 48 hours since the deadline to disclose earmark requests passed, 71 members of C...

Global Economic Shock Worse Than Great Depression

Posted 04.07.2009 | Business

The global economic collapse of the last several months is already greater than the shock that hit the world 80 years ago, triggering the Great Depres...

Frank Wants Expanded Power For GAO To Investigate Fed

Posted 04.08.2009 | Politics

Congress is working with the Government Accountability Office to increase its power to investigate the action the Federal Reserve has taken in respons...

"HR 875" Myth Sows Terror Among Organic Gardeners

Posted 04.09.2009 | Green

Rep. Rosa DeLauro knew she had a problem when her colleagues began asking her on the House floor about her bill that was going to put small farmers ou...

Roundabout Bailout: Fed To Pump Foreign Currency Into U.S. Banks

Posted 04.10.2009 | Politics

The Fed is already printing trillions of U.S. dollars and pumping them into the global economy in an effort to stave off a financial collapse. Now it ...

Pelosi Calls For More Transparency From Fed (VIDEO)

Posted 04.10.2009 | Politics

House Speaker Nancy Pelosi (D-Calif.), upping congressional pressure on the Federal Reserve, wants the Fed to disclose and post online information rel...

AFL-CIO Memo Disses Reunification Reports

Posted 04.10.2009 | Politics

The AFL-CIO is pushing back hard against reports that a new union federation could pave the way to the reunification of the labor movement. Washingt...

U.S. Pot Legalization Should Be Discussed: Mexican Ambassador

Posted 04.13.2009 | Politics

As the bodies pile up on the Mexican battlefield, where rival drug cartels war against each other and the Mexican military, the government there is in...

Astroturf Lobby Charged With Tricking Old Folks Into Writing Letters To Local Editors

Posted 04.14.2009 | Politics

Medicare Advantage plans -- publicly funded but privately administered Medicare plans -- are regularly accused of tricking the elderly into giving up ...

Jesse Jackson: Students Gouged On Loans While Banks Get Free Money

Posted 04.15.2009 | Politics

Reverend Jesse Jackson Sr. is launching a campaign to pressure the federal government and student lending institutions to reduce loan rates in an effo...

Sorry Teabaggers: Majority Of Americans Support Expanded Government Role In Economy

Posted 04.15.2009 | Politics

Sorry, teabaggers. A Gallup pollreleased on Wednesday has a majority of Americans saying that they approve of the expansion of the government as a mea...

Richard Armitage On Torture: I Should Have Resigned From Bush Administration (Video)

Posted 04.15.2009 | Politics

Richard Armitage, the second in command at the State Department under President Bush, told Al Jazeera English in an interview to be aired Thursday tha...