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Entries by Ryan Grim from 12/2010

Deficit Commission Slashes Taxes For Wealthy, Corporations, While Raising Retirement Age And Cutting Spending

Posted 12.01.2010 | Politics

WASHINGTON — The president's deficit-commission report, scheduled for a vote by the full panel on Friday, proposes to slash tax rates for corpor...

Andy Stern: I'm Not Beholden To Labor On Deficit Panel

Posted 12.01.2010 | Politics

WASHINGTON -- Andy Stern, named to the deficit commission by President Obama to represent the interests of workers and organized labor, said on Wednes...

Fed Directors Banks Lavished With Billions From Fed

Posted 12.01.2010 | Business

The Federal Reserve Bank of Atlanta made six major loans to SunTrust Banks at the height of the financial crisis totaling at least $7.5 billion. James...

Elizabeth Warren: Consumer Bureau Must Fight For Survival

Posted 12.02.2010 | Business

WASHINGTON - Elizabeth Warren pressed consumer advocates to fight on behalf of the newly created consumer protection bureaus she's heading up, warning...

Mitch McConnell's GOP Unity Frays In Late-Night Talks

Posted 12.03.2010 | Politics

WASHINGTON -- After a day of negotiations with his counterpart, Harry Reid headed for the Senate floor to put the chamber's procedural stamp on a deal...

Jon Kyl's START Opposition Stretches Back To Clinton

Posted 12.03.2010 | Politics

WASHINGTON - History is threatening to repeat itself in the Senate, as Jon Kyl works furiously to deal a vulnerable president a stinging rebuke on a k...

Mary Landrieu: 'Obama-McConnell Plan' Is 'Almost Morally Corrupt'

Posted 12.07.2010 | Politics

WASHINGTON -- Sen. Mary Landrieu, a conservative Democratic from Louisiana, lashed out Tuesday at President Obama's deal with congressional Republican...

Senate GOP Leaders Not Releasing Hostages Despite Ransom

Posted 12.07.2010 | Politics

WASHINGTON -- Senate Republican leaders are not yet willing to release all of their legislative hostages, they said Tuesday, despite President Obama's...

Tax Cut Deal A Hidden Threat To Social Security

Posted 12.08.2010 | Politics

WASHINGTON - The tax cut deal that President Obama struck with congressional Republicans contains a provision that could ultimately be the undoing of ...

Steny Hoyer: House Dem Vote To Reject Tax Cut Deal Doesn't Move Debate

Posted 12.09.2010 | Politics

Majority Leader Steny Hoyer, who controls the floor schedule for the House of Representatives, said that Thursday morning's Democratic vote to urge le...

Obama-Republican Deal Could Mean Tax Hike For One In Three Workers

Posted 12.10.2010 | Politics

WASHINGTON - The tax deal reached between President Obama and congressional Republicans could mean a higher tax bill for roughly one in three workers ...

Tax Cuts For Rich Move Forward In Senate

Posted 12.13.2010 | Politics

WASHINGTON -- The Senate on Monday voted to move forward on a a two-year extension of the Bush tax cuts as well as a package of tax cuts and credits f...

Obama's Judges Blocked At Historic Rate

Posted 12.14.2010 | Politics

As the first congressional session of Obama's presidency draws to a close, what began as a slow process of confirmation has ballooned into a full-blow...

Would Senate Republicans Blow Up Tax Cut Deal To Defend Trust Funds?

Posted 12.14.2010 | Politics

Senate Republicans warned House Democrats not to amend the tax cut deal they struck with President Obama, with many saying they will oppose the final ...

House Democrats To Push To Equalize Tax Cuts For Wealthy And Unemployment Extension [UPDATE: Resolution Not Brought To A Vote]

Posted 12.14.2010 | Politics

WASHINGTON -- House Democrats will consider a resolution Tuesday night calling for the tax deal struck between President Barack Obama and congressiona...

Half Of Bank Pay Could Modify Every Underwater Mortgage

Posted 12.15.2010 | Business

Wall Street banks are on pace to pay out some $143 billion in compensation for 2010, just shy of their record year of 2007. But given the widespread l...

Hoyer: Senate Has Votes Needed To Repeal DADT [UPDATED]

Posted 12.15.2010 | Politics

UPDATE: Dec. 16, 10:05 a.m. - The Senate has at least 62 votes to repeal the military's Don't Ask, Don't Tell policy, Rep. Barney Frank (D-Mass.) sai...

Senate Republicans Explain Their Vote Against 9/11 First Responder Health Care

Posted 12.17.2010 | Politics

WASHINGTON -- Senate Republicans, who blocked a bill to provide care for 9/11 first responders suffering health consequences as a result of their work...

Don't Ask, Don't Tell Repeal Opponents Taking Revenge On Russian Arms Treaty

Posted 12.20.2010 | Politics

WASHINGTON -- The repeal of the military's Don't Ask, Don't Tell policy over the weekend was a major victory for the White House, but it is now imperi...

Mitch McConnell Accuses Obama Of Plan To Seize Internet

Posted 12.21.2010 | Politics

WASHINGTON - Mitch McConnell took to the Senate floor Tuesday to warn that the Obama administration is on the verge of nationalizing the Internet, cha...

Karzai Releasing Scores Of Drug Traffickers In Afghanistan, WikiLeaks Cables Show

Posted 12.27.2010 | World

President Hamid Karzai has repeatedly released well-connected officials convicted of or charged with drug trafficking in Afghanistan, frustrating effo...