The Treasury Department says that the Federal government began the new budget year with the third-highest October deficit on record.
*Why they’re called lame ducks. The phrase “lame duck” was first used in the 18th century on the London Stock Exchange. It referred to a broker who defaulted on his debts. The first written mention occurred in 1761, when Horace Walpole wrote Sir Horace Mann and asked, “Do you know what a Bull and Bear and a Lame Duck are?” It was not until the 19th century that the term came to refer to a politician who had been defeated for re-election but had not yet been replaced in office.
A House ethics subcommittee found Representative Charlie Rangel (D-N.Y.) guilty of 11 counts of corruption charges on Nov. 16.
More than half of Americans believe the upcoming shift in Congressional power will be good for the country, a recent survey reveals.
More than 100 members of Congress who will be looking for work in January are back at their desks on Capitol Hill this week. What can we expect from this bunch of lame ducks? Read this article to learn what the lame duck Congress has in store for us…
Following big victories in the midterm elections, Republican lawmakers in Texas are gunning for Arizona-type immigration laws.
While it’s true that slightly more than half of those who voted sent a signal to Washington that they want government to drastically decrease spending, taxes and regulation, the painful reality is that slightly less than half of the voters cast their ballots in favor of Democratic candidates who, with just a few notable exceptions, want to increase spending, taxes and regulation. Read this story to learn what the election means…
The largest American automaker has predicted that it will enjoy its first profitable year since 2004.
The opening lines of Keith Koffler’s recent effort in Politico just missed the mark: “President Barack Obama, fresh from his drubbing in the 2010 midterms, is trying to revive his fortunes by pursuing a path toward the middle.” At least he got the “drubbing” part right. But Obama is about as likely to steer toward the so-called “middle” as Paul Krugman is to admit that Obamacare will require death panels. (Oops. Spoke too soon.)