Category Archives: Money

Why do U.S. elections cost so much?

By doris | Published: October 14, 2011

Full Story at CNN.com Washington (CNN) — The presidential campaign fundraising numbers being reported paint a picture of what’s to come over the 13 months until the 2012 election: A flood of television ads, cross-country bus tours and a lot of handshakes. Money drives a campaign, and fundraising is a signal of its strength. It [...]

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Warren Buffett to headline Obama campaign event

By doris | Published: September 23, 2011

Full Story atmsnbc.com CHICAGO — Billionaire investor Warren Buffett will help raise money for President Barack Obama’s re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday. Buffett will attend the October 27 event at a private home on Chicago’s North Shore that is expected to include major [...]

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Disaster aid bill fails in Republican-led House

By doris | Published: September 22, 2011

Full Story at msnbc.com WASHINGTON — House GOP leaders are regrouping after a surprise loss on a measure to provide $3.7 billion for disaster relief and prevent a government shutdown at the end of next week. Speaker John Boehner of Ohio said Thursday that he would meet with Republican lawmakers this afternoon on Capitol Hill [...]

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House Republicans oppose Obama’s method to pay for jobs plan

By doris | Published: September 14, 2011

Full Story atCNN.com Washington (CNN) — President Barack Obama said Monday his $447 billion jobs plan is a common-sense approach needed right away, but House Republican leaders said they opposed Obama’s intention to pay for it by ending tax relief for corporations and the wealthy. In a message accompanying the legislation he sent to Congress [...]

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CNN Poll: 8 in 10 think we’re in a recession

By james | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

Also posted in Budget, Businesses, Debt, Economic, Economy, Government, jobs, Presidental, Recession, Unemployment | Leave a comment

Social Security disability on verge of insolvency

By doris | Published: August 22, 2011

Full Story at msnbc.com WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency. Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an [...]

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Democratic National Committee raises $6.7 million in July

By doris | Published: August 21, 2011

Full Story at msnbc.com WASHINGTON — The Democratic National Committee raised $6.7 million in July, hurt by the cancellation of fundraisers headlined by President Barack Obama as he negotiated a debt ceiling deal with Republicans. The party’s fundraising included $2.2 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama’s [...]

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Bachmann: I’ll bring back $2 gas

By doris | Published: August 19, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Michele Bachmann has a promise: $2 gas. “Under President Bachmann you will see gasoline come down below $2 a gallon again,” Bachmann told a crowd Tuesday in South Carolina. “That will happen.” Sure, politicians promise all kinds of things on the campaign trail. But Bachmann, a [...]

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China tells US to ‘cure its addiction to debt’

By doris | Published: August 7, 2011

Full Story at msnbc.com SHANGHAI — China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt. The harshly worded commentary, which was released by China’s official Xinhua [...]

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Obama signs bill ending partial FAA shutdown

By doris | Published: August 5, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama signed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work. The measure also promises to restore tens of thousands of jobs in the construction industry and elsewhere tied [...]

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Your message to Congress on debt ceiling

By doris | Published: July 31, 2011

Full Story at iReport.CNN.com “So I’m asking you all to make your voice heard. If you want a balanced approach to reducing the deficit, let your Member of Congress know. If you believe we can solve this problem through compromise, send that message.” So said President Obama during his July 25 speech on the deficit [...]

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Election commission rules Edwards must pay back $2.3 million

By doris | Published: July 21, 2011

Full Story at CNN.com Washington (CNN) — Former Presidential candidate John Edwards will have to pay back over 2 million dollars in federal matching funds given to his 2008 campaign for president, the Federal Election Commission ruled on Thursday. The commission voted 6 – 0 against Edwards and contends his campaign was in “excess of [...]

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