President Obama is pushing for a one-year extension of Bush-era tax cuts for middle class families. But by drawing the line at households that make more than $250,000 a year, he set the stage for another clash with Republicans who favor an extension of tax cuts for wealthier Americans.
Presidential-hopeful Mitt Romney has been out of step with his Republican colleagues, in calling the individual mandate in the federal healthcare law a penalty, and not a tax. Or his staff has, at least. Wednesday night, Romney moved to bridge the divide and eliminate any differences with Republican leaders.
In the wake of the Supreme Court's ruling, largely upholding President Barack Obama's healthcare reform bill, Republicans are trying a different strategy. They're trying to get voters fired up and retake the Senate in November, so they can repeal the measure in Congress.
With the hope of avoiding future bank bailouts, the U.S. government has requested nine of the largest banks to submit plans for how they could be dismantled in the event of another financial crisis. The proposals act as a sort of living will for the banks and are due to regulators by July 1.
The race is on for oil and minerals under the melting Arctic ice. But the U.S. is still not on board with the Law of the Sea, the United Nations treaty on who gets access to ocean resources.
The multi-billion dollar transportation bill has run into deadlock and there's no off-ramp in sight. That has America's construction companies, which depend on transportation spending for a large part of their business, watching, reading tea leaves and lobbying heavily for the House and Senate to get their act together and get something passed. Soon.
The Fast and Furious operation, led by the U.S. Bureau of Alcohol, Tobacco and Firearms in Arizona, has been a political controversy for months. But things got much more heated Wednesday when President Barack Obama asserted executive privilege for not handing the documents over, while Congress moved to hold Attorney General Eric Holder in contempt.
The Juneteenth holiday marks the day slavery came to an end in the United States: June 19, 1865. Though 41 states recognize Juneteenth as a state holiday, Texas Sen. Kay Bailey Hutchison has introduced legislation to make it a national day of observance.
A student from Miami who graduated as her high school valedictorian, was accepted to Dartmouth and with hopes of becoming a cardio-thoracic surgeon, very nearly lost her opportunity because her parents kept her in the country illegally when she was 4. She won a temporary reprieve, but she's fighting for more for herself and others like her.
In the most recent fiscal year, U.S. taxpayers paid millions of dollars for the offices, phones and postage of our four living former presidents. All the while, many of those same ex-presidents were making millions on the speaking circuit, on top of a nearly $200,000 federal pension. One Congressman wants to rein in that spending.