Tag: Government business and finance

House GOP Unveils Obamacare Replacement Bill

A new bill to repeal the Affordable Care Act’s individual mandate—the crux of President Obama’s signature health-care law—and replace it was released on Monday. The legislation would offer individual tax credits to purchase health insurance and would reportedly keep the ACA’s protections for those with pre-existing conditions; but would allow insurers to raise premiums for…

FBI Director Reportedly Asked DOJ To Refute Trump Wiretapping Claim

After President Trump used Twitter over the weekend to accuse former President Barack Obama of wiretapping his phones, FBI Director James Comey asked the Justice Department to publicly reject his claims, senior U.S. officials told The New York Times on Sunday. Comey made the request on Saturday, saying the allegation is baseless and must be…

Former DNI James Clapper Denies Trump Tower Wiretap [VIDEO]

Former Director of National Intelligence (DNI) James Clapper denied President Trump’s allegation that former President Barack Obama wiretapped Trump Tower during the 2016 election. “If something like that happened, would this be something you would be aware of?” asked NBC News host Chuck Todd. “I would certainly hope so,” Clapper replied. “I can’t say —…

DHS Has Just $20 Million For Trump’s Border Wall

The White House has said construction could begin quickly on President Trump’s border wall using “existing funds and resources” from the Department of Homeland Security, but a DHS document says the agency so far has identified just $20 million that could be redirected to the project, Reuters reported Wednesday. The document, which was given to…

229 Republicans Vote to Hide Trump’s Tax Returns [VIDEO]

House Republicans voted en masse to block a resolution that would have forced Trump to turn his tax returns over to Congress on Monday night. The measure was introduced by Rep. Bill Pascrell (D-NJ), a member of the House Ways and Means Committee. Under a 1924 law, the Ways and Means Committee is empowered to…

Read the Entire Text of President Donald Trump’s Speech to Congress

President Donald Trump addressed both houses of Congress Tuesday night. You can read his speech as provided by the White House below: Mr. Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States, and Citizens of America: Tonight, as we mark the conclusion of our celebration of Black History Month, we…

Billionaire Wilbur Ross Wins Senate Confirmation

President Trump’s nominee for U.S. commerce secretary won Senate confirmation on Monday, paving the way for work to begin on renegotiating trade deals with China and Mexico. Billionaire Wilbur Ross was confirmed with a Senate vote of 72-27, with support from 19 Democrats. Ross will now be at the helm of an agency with over…

Trump Accuses Obama: He’s ‘Behind’ Leaks, Protests [VIDEO]

President Trump on Tuesday morning blamed former President Obama for leaks of classified information from the White House and for protests in the wake of a controversial executive order halting immigration from seven predominantly-Muslim countries to the U.S. Trump made the comments in an interview with Fox and Friends, during which he gave no evidence…

Trump To Deliver First Presidential Address To Congress – WATCH LIVE

President Trump will address a joint session of Congress on Tuesday night at 9 p.m. Eastern time, looking to refocus his presidency and rally support for his policies from Republicans in Congress and the public at large, amid historically low approval ratings. Trump advisers say the president will tout what he has described as early…

Tom Perez Chosen As New DNC Chair

The Democratic National Committee met in Atlanta on Saturday and chose former Labor Secretary Tom Perez as the new DNC chair, an important step of self-definition for a party seeking new direction after its unexpected loss of the White House in November. Seven candidates were in contention for the position, but Perez, the preferred candidate…

Intelligence Agencies To ‘Go Nuclear’ On Trump ‘Watch Him Die In Prison’

U.S. national security officials are reportedly ready to “go nuclear” after President Donald Trump’s latest attack on the intelligence community. In a series of tweets on Tuesday and Wednesday, Trump insisted that the “real scandal” was not that former National Security Adviser Michael Flynn lied about his contact with Russia. Instead, the president blasted what…

Trump Picks Alexander Acosta for Labor Secretary

President Donald Trump on Thursday announced attorney Alexander Acosta as his next labor secretary pick, just one day after fast-food executive Andrew Puzder withdrew his bid over controversies seen as likely to upend his confirmation. Acosta, who is Latino, is an attorney who has served in the Justice Department’s civil rights division, and is the…

Trump: Flynn Was ‘Just Doing His Job’

President Donald Trump on Thursday said former National Security Adviser Michael Flynn was “just doing his job” when he reportedly spoke numerous times with Russia’s ambassador about the sanctions levied on the country by the Obama administration, and then misled Vice President Mike Pence about those conversations. The president gave contradictory messages about Flynn, saying…

Report: Spies Keeping Info From Trump

U.S. intelligence officials have withheld some sensitive intelligence from President Trump because of concerns about the information being leaked or compromised, according to a report in The Wall Street Journal. This purported move underscores distrust between the intelligence community and the new administration as a result of reports that Trump’s campaign team had contacts with…

Senate Expected To Confirm Steven Mnuchin As Treasury Secretary

On Monday, the Senate is expected to confirm two of President Trump’s Cabinet nominees, Steven Mnuchin as treasury secretary and David Shulkin to head the Department of Veteran Affairs. The vote on Mnuchin, a former top Goldman Sachs executive and Hollywood financier, will be much closer than Shulkin’s confirmation. Republicans argue that Mnuchin is well-qualified…

Trump Expected To Halt Dodd-Frank In Executive Action [VIDEO]

President Donald Trump is expected to sign an executive order Friday that rolls back the 2010 Dodd-Frank regulatory law, first put in place after the 2008 financial crisis. “Americans are going to have better choices and Americans are going to have better products because we’re not going to burden the banks with literally hundreds of…

Kellyanne Conway Invents Fake Bowling Green Massacre [VIDEO]

On her visit to Chris Matthews’ “Hardball” show on Thursday night, Kellyanne Conway make up a fictional “massacre” when justifying the President’s ban on refugees and immigrants from seven majority-Muslim countries. “I bet it’s brand new information to people that President Obama had a six-month ban on the Iraqi refugee program after two Iraqis came…

Trump: I Will ‘Destroy’ Johnson Amendment [VIDEO]

After asking prayer for Arnold Schwarzenegger’s Apprentice ratings this morning at the National Prayer Breakfast Trump declared that religious freedom is “under threat,” He vowed to repeal an IRS rule that says pastors who endorse candidates from the pulpit risk losing their tax-exempt status. “I will get rid of and totally destroy the Johnson Amendment…

Trump to Senate GOP: Go Nuclear on SCOTUS Vote

On Wednesday President Trump said that he would be fine with the Senate changing rules to pass his Supreme Court nominee, Neil Gorsuch, with just 50 votes as opposed to the necessary 60 required now. “Yes, if we end up with the same gridlock we’ve had in Washington for longer than eight years, in all…

Trump Blames Airport Chaos on Delta

Airports all over the United States spun into crisis over the weekend after President Trump signed an order closing the nation to refugees and to people from seven predominantly Muslim countries. Lawyers and protesters rushed to the aid of American residents who were barred from reentry, and legal battles began all over the country. Despite…

Refugees Detained at U.S. Airports Take Legal Action Over Trump’s Order

Right after President Trump signed an executive order that bans U.S. entry from Iran, Iraq, Syria, Sudan, Libya, Yemen, and Somalia for 90 days while suspending the U.S. Refugee Admissions Program for 120 days, the rule already faces partial challenge in court. Immigration lawyers acting on behalf of two Iraqi men, one a former U.S.…

American Automakers To Meet With Trump Tuesday

President Donald Trump meets Tuesday with the CEOs of General Motors, Ford, and Chrysler in the Oval Office. “I want new plants to be built here for cars sold here!” Trump tweeted Tuesday. Trump made a point on the campaign trail of slamming American automakers for importing cars from Mexico and vowed a border tax…

Senate Begins Formally Repealing ObamaCare

Early Thursday, after voting down dozens of amendments proposed by Democrats over seven hours, Senate Republicans approved a budget resolution measure officially beginning the process to repeal the Affordable Care Act, with no replacement yet proposed. The resolution, which passed on a partisan 51-48 vote — Sen. Rand Paul (R-Ky.) joined all Democrats present in…

Obama, Pence Visit Capitol Hill For Obamacare Fight

President Barack Obama arrived to the Capitol to give congressional Democrats advice on how to combat the Republican drive to dismantle his health care overhaul. Vice President-elect Mike Pence is meeting with GOP lawmakers to discuss the best way to send Obama’s cherished law to its graveyard and replace it with — well, something. The…

GOP Plans To Tear Down Obama’s Legacy As New 115th Congress Sworn In Today

The 115th Congress begins Tuesday with Republicans, set to control the House, Senate, and presidency for the first time since 2006, planning to start dismantling many Obama-era financial and environmental regulations, and undo parts of Obama’s signature healthcare reform law. President Obama is meeting with fellow Democrats on Wednesday to discuss how to prevent ObamaCare…

Obama Lifts US Embargo On Lethal Arms Sales To Vietnam [VIDEO]

President Barack Obama has announced the US is fully lifting its embargo on sales of lethal weapons to Vietnam, its one-time enemy. Speaking during a visit to communist Vietnam and talks with its leaders, Mr Obama said the move removed a “lingering vestige of the Cold War”. The US is trying to bolster its relationship…

Fed Raises Rates For First Time Since 2006, Markets Climb

The Federal Reserve raised interest rates Wednesday for the first time in nearly a decade. The central banking committee unanimously voted to move the target range for the federal funds rate to a 0.25-0.5 percent range, up from a 0-0.25 range. “The committee judges that there has been considerable improvement in labor market conditions this…

Congress to Act on Debt Limit By Nov. 5

Treasury Secretary Jacob Lew warned lawmakers in a letter on Thursday that the deadline for increasing the government’s borrowing limit has moved up to about Nov. 5, or a month earlier than expected. The altered deadline was due to tax receipts coming in below estimates and military retirement trust funds costing more than expected, according…

Obama signs trade, worker assistance bills into law

President Barack Obama has signed into law two hard-fought bills giving him greater authority to negotiate international trade deals and providing aid to workers whose jobs are displaced by such pacts. The measures were politically linked to secure bipartisan support for the trade legislation. They set the stage for the conclusion of a 12-nation Pacific…

Ex-Nazis Got Millions in Social Security

Dozens of suspected Nazi war criminals and SS guards collected millions of dollars in U.S. Social Security benefits after being forced out of the United States, an Associated Press investigation has found. The payments, which were underwritten by American taxpayers, flowed through a legal loophole that gave the Justice Department leverage to persuade Nazi suspects…