Category Archives: Federal

Obama unveils plan to control college costs

By doris | Published: January 28, 2012

Full Story at CNN.com (CNN) — President Barack Obama unveiled a new college affordability plan Friday, proposing to further expand student financial aid while providing more assistance to schools that hold tuition down and cutting aid to those that do not. The plan is part of a populist White House pitch to middle class families [...]

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Obama unveils plans for pared-down military

By doris | Published: January 6, 2012

Full Story at CNN.com Washington (CNN) — President Barack Obama unveiled his administration’s plan Thursday for a leaner, cheaper military, a reflection of Washington’s fiscal belt-tightening and slower national economic growth. The president insisted the new strategy — which eliminates the military’s ability to actively fight two major wars at once — will allow U.S. [...]

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Deal made to avoid government shutdown

By doris | Published: December 16, 2011

Full Story at NBCPolitics.msnbc.msn.com WASHINGTON — Congressional negotiators reached agreement Thursday on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year but prepared a shorter version as a fallback. Senate Majority Leader Harry Reid, D-Nev., told reporters [...]

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Man arrested for alleged threats to harm House majority leader’s family

By doris | Published: November 3, 2011

Full Story at CNN.com (CNN) — A Tennessee man was arrested Wednesday and charged with making threats against the family of House Majority Leader Eric Cantor, according to federal documents. Glendon Swift allegedly twice called Cantor’s office in Glen Allen, Virginia, on October 27 and left voice mail threatening to rape the congressman’s daughter and [...]

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FBI investigating missing money at MF Global

By doris | Published: November 2, 2011

Full Story at money.com WASHINGTON (CNNMoney) — The FBI and federal prosecutors are investigating how some $600 million of MF Global customers’ money has gone missing, CNN learned Tuesday from sources close to the probe. The investigation of MF Global (MF) is being conducted by the FBI and other federal regulators, including the U.S. Securities [...]

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Fed: Economy weakening but no sign of recession

By doris | Published: October 20, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The economy is losing steam across much of the nation, but is still growing and not in recession, according to the latest outlook from the Federal Reserve. Wednesday’s release of the so-called Beige Book, which is a summary of outlooks from the 12 district banks from across the [...]

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Sizing up the millionaire tax

By doris | Published: October 9, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — If Senate Democrats have their way, millionaires and billionaires will pay more in taxes for President Obama’s jobs bill. How much? Answer: $110,467 a year. That’s the average additional amount they would owe in federal taxes starting in 2013, according to estimates released Thursday by the nonpartisan [...]

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House passes temporary spending bill

By doris | Published: October 5, 2011

Full Story at CNN.com Washington (CNN) — The Republican-controlled House of Representatives approved legislation Tuesday keeping the federal government funded through November 18 — effectively ending another partisan showdown over taxes and spending. House members passed the bill easily in a 352-66 vote. The measure, which also ends the latest threat of a government shutdown, [...]

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Postal Service proposes closing hundreds of mail-handling facilities

By doris | Published: September 15, 2011

Full Story at CNN.com Washington (CNN) — Hundreds of mail-handling facilities have been named in a shutdown list released Thursday by the U.S. Postal Service as the agency tries to cut massive red ink. The potential closings are the latest chapter in a fundamental overhaul of the agency that may also mean closing thousands of [...]

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Ariz. sues feds over Voting Rights Act

By doris | Published: August 28, 2011

Full Story at msnbc.com Opening up a new front in its legal battles with the Obama administration, the state of Arizona on Thursday challenged the federal Voting Rights Act, prompting a swift response from Attorney General Eric Holder. “The Voting Rights Act plays a vital role in our society by ensuring that every American has [...]

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New CNN Poll: Majority want tax increase for wealthy and deep spending cuts

By doris | Published: August 10, 2011

Full Story at PoliticalTicker.Blogs.cnn.com Washington (CNN) – Most Americans want a special congressional committee tasked with drafting a long-term solution to the nation’s mounting federal deficits to include tax hikes for the wealthy and businesses and deep cuts in domestic spending, according to a new national survey. A CNN/ORC International Poll released Wednesday also indicates [...]

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US government loses triple-A credit rating

By doris | Published: August 6, 2011

Full Story at msnbc.com WASHINGTON — The United States lost its top-notch AAA credit rating from Standard & Poor’s Friday in a dramatic reversal of fortune for the world’s largest economy.S&P cut the long-term U.S. credit rating by one notch to AA-plus. The credit agency said it was making the move because the deficit reduction [...]

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