- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
Topic - Kent Conrad
Hustling to finish his wheat harvest, farmer Mark Nesheim was repairing his combine recently when his cellphone rang. The caller wanted to know if Mr. Nesheim would support Republican candidates in November, particularly the North Dakota GOP's Senate hopeful.
"Crony capitalism" has become a popular buzz phrase when speaking of the bailouts as American taxpayers struggle to make sense of the corrupt relationships that led to the financial crisis.
Countrywide Financial Corp., the former mortgage lending giant whose subprime loans helped spark the country's foreclosure crisis, bought influence on Capitol Hill by giving discounted loans to lawmakers and key policymakers, according to a nearly four-year House-led investigation that wrapped up this week.
In a stunning backtrack that virtually guarantees Congress for the third year will be unable to produce a budget, Senate Democrats' top budget writer Tuesday canceled this week's expected votes on a 2013 fiscal blueprint.
In the midst of an already heated general election campaign, the remarks of Senate Budget Committee Chairman Kent Conrad, North Dakota Democrat, on "Fox News Sunday" last weekend may not have gotten the attention (and scorn) they deserved.
Senate Majority Leader Harry Reid announced Tuesday he's naming Sen. Patty Murray to co-chair a powerful "super committee" charged with finding more than $1 trillion in deficit cuts this fall.
The chairman of the Senate Budget Committee said Wednesday it's impossible to enact spending cuts, a tax code overhaul and changes in benefit programs in the less than two weeks left before an Aug. 2 government default deadline.
As congressional leaders and President Obama met behind closed doors Monday afternoon to discuss ways to tackle the nation's ballooning debt, Senate Budget Committee Chairman Kent Conrad released basic details of his 2012 budget that calls for lowering the nation's debt by $4 trillion over the next decade.
The demonstrably false party line being peddled by President Obama and the Democrats in the budget battle is that tax increases must be a large part of the deal because corporations and the rich don't pay their fair share.
Senate Democrats were expected to bring up the House Republicans' 2012 budget plan for a vote this week, but not their own plan, which remains under lock and key.
The top Democrat in the Senate on budget matters said Tuesday that he's preparing a fiscal blueprint to slash the deficit by $4 trillion over the upcoming decade - a plan built on the bipartisan findings of President Obama's deficit commission.
The fate of the GOP House Budget plan that easily passed the chamber last week grows far murkier as budget talks proceed to the Senate, where the controlling Democrats have little enthusiasm for the bill's aim to cut government spending by almost $6 trillion during the next decade.
The retirement of independent Connecticut Sen. Joe Lieberman marks the third such announcement in recent days and has sparked widespread speculation on which other senators might also bow out in the face of tough 2012 re-elections bids.
Republicans may have two prime pickup opportunities in the 2012 struggle for control of the Senate after Kent Conrad announced he will not seek re-election and Joe Lieberman scheduled a Wednesday press conference in Stamford, Conn., on his future.
Mark Zandi, Moody's Analytics chief economist, has become an oracle of sorts on Capitol Hill, where members of both parties have recited his financial forecasts in an attempt to seize the high ground in battles over stimulus packages, deficit reduction plans and the tax cuts enacted during the George W. Bush administration.
"The general rule of thumb would be you'd not want to do tax changes, tax increases ... until the recovery is on more solid ground," Sen. Kent Conrad said in an interview with reporters outside the Senate chambers, adding he did not believe the recovery has come yet.
Senate Budget Committee Chairman Kent Conrad of North Dakota, a conservative Democrat, to say Wednesday that he supports extending all the tax cuts, including those for wealthier Americans, although that would require a waiver of budget rules.