Donna's Feed
May 25, 2010
via Tales from the Trail

Republicans want ideas, but stick to Republican tenets

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Republicans looking to regain control of Congress say they want to listen to the ideas of Americans to come up with a plan for the country. And so they developed a new web forum to harness those ideas.

But they did make clear that any ideas accepted will have to adhere to basic Republican principles of smaller government and no tax increases.

May 20, 2010
via Tales from the Trail

Republican YouCut seeks to shear Mohair from budget

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It’s worth about $1 million a year.

For most people that’s a lot of money. But in the context of a $3.7 trillion federal budget and a $1.5 trillion deficit, it’s small potatoes. Except in this case it’s a federal subsidy for mohair and it has more lives than an Angora cat.

Federal subsidies for mohair, which is produced from the hair of Angora goats, began in 1947 because the military was worried that there was not enough domestic wool production to supply its need for uniforms.

Apr 18, 2010
via Tales from the Trail

Geithner confident on financial overhaul

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Sunday expressed confidence that lawmakers will bridge partisan differences on the overhaul of financial regulations and pass a bill that protects taxpayers from financing future bailouts.

“I am very confident that we’re going to have the votes for a strong package of financial reforms that will bring derivative markets out of the dark, help protect the taxpayers from having to fund future bailouts and trying to make sure we’re getting Americans some basic protection against fraud and abuse,” Geithner told NBC’s “Meet the Press.”

Apr 15, 2010
via Tales from the Trail

U.S. value-added tax still a pretty toxic idea

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White House Economic Economic Advisor Paul Volcker stirred up debate over the United States possibly adopting a European-style value added tax to help bring federal deficits under control, saying recently that it “was not as toxic an idea” as it has been in the past.

Well the idea is still pretty toxic in the U.S. Senate.

The Senate on Thursday voted 85-13 to adopt an anti-value-added tax resolution sponsored by Arizona Republican John McCain as part of its consideration of legislation that would restore lapsed jobless benefits.

Apr 15, 2010
via Tales from the Trail

Lawmakers question U.S. Postal Service money saving priorities

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U.S. Postmaster General John Potter says the nation’s mail system faces a “dire” financial future as more people and businesses switch from snail mail to email and electronic funds transfers.

He is asking Congress to give him authority to drop Saturday delivery service and close some post offices.

Apr 14, 2010
via Tales from the Trail

Smokeless tobacco use rising among teens

WASHINGTON (Reuters) – Health experts on Wednesday raised concern about the growing use of smokeless tobacco by teenagers, and suggested its use by Major League Baseball players is influencing young people to take up the cancer-causing habit.

The use of smokeless tobacco, chewing tobacco and snuff, by teens has risen in recent years, reversing a trend toward declining use of all tobacco products by teens, Terry Pechacek of the Centers for Disease Control and Prevention told a U.S. congressional panel. He said data to be released in the next few months will show an increase mainly among white and Hispanic young males.

Mar 29, 2010

Health reform faces big test with implementation

WASHINGTON (Reuters) – Democrats are pushing to shore up support for the U.S. healthcare overhaul signed into law by President Barack Obama, but the final public verdict will largely depend on how smoothly it is put into effect.

Some of the biggest changes to the $2.5 trillion healthcare system are put off until 2014, but a number of benefits are slated to go into effect this year.

Mar 26, 2010
via Tales from the Trail

Happy Birthday Madam Speaker

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She gets to have her cake and eat it too…

House Speaker Nancy Pelosi got a big birthday surprise when House Education and Labor Committee Chairman George Miller carried a luscious looking chocolate birthday cake into the signing ceremony for the final piece of historic healthcare overhaul legislation.

The crowd sang happy birthday to the beaming 70-year-old after she signed the last installment of the hard won healthcare reform, the final step before sending it down to the White House for President Barack Obama’s signature. He is expected to sign it early next week.

Mar 26, 2010

Congress approves final healthcare changes

WASHINGTON (Reuters) – Congress approved a package of final changes to President Barack Obama’s landmark healthcare overhaul on Thursday, and Obama dared Republicans to try to repeal the new law.

The House of Representatives put the finishing touches on the overhaul by passing a companion package that would make insurance more affordable, raise taxes on the wealthy and close a gap for prescription drug coverage for seniors.

Mar 25, 2010
via Tales from the Trail

What’s next on healthcare reform? — Enroll America

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Democrats are still celebrating their historic achievement on healthcare reform, but the looming question is what’s next?

For Republicans and other opponents, it’s a campaign to repeal the law and replace it with something more to their liking.

    • About Donna

      "Washington congressional correspondent specializing in economics, taxes and budget issues. Covered the healthcare reform legislation and President George W. Bush's push to overhaul Social Security. Also covered the savings and loan crisis and spent time covering the White House during President Bill Clinton's administration. Covered trade and Federal Reserve policy as well."
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