Republicans and Democrats have come together to offer a new jobs package in the House. Well should I say “Republican” and “Democrat” in the names of Rep. Lee Terry [R-NE2] and Edolphus Towns [D-NY10]. The two have introduced HR 3035, the “Mobile Informational Call Act of 2011”, which gives this quick summary: To amend the […]
The news yesterday that Timothy Geithner may have helped cover up AIG’s financial problems is sparking a House investigation: A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc. The House Oversight Committee is responding to news that key details […]
Something we aren’t used to seeing; oversight of an administration, being conducted by the administration’s own party: A congressional oversight committee opened an investigation yesterday into whether the Obama administration is circumventing a law that limits lavish pay for executives at firms benefiting from the $700 billion federal bailout. Rep. Edolphus Towns (D-N.Y.), chairman of […]