Monthly Archives: May 2011

Trade Pacts And Programs –

Senator Max Baucus has tied the renewal of the Trade Adjustment Assistance program with trade deals for Korea, Columbia, and Panama.  The Senate Democrat is the Finance Committee Chairman and has the support of at least 41 Senators on this … Continue reading

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Pawlenty Announces Presidential Run –

Republican Tim Pawlenty has announced that he will run for President in 2012.  Pawlenty is the former Governor of Minnesota and may also face Minnesota Congresswoman Michele Bachmann for the Republican nomination.  Bachmann is scheduled  to appear at an event in Iowa … Continue reading

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SEC Proposals For Credit Rating Agencies –

The Securities and Exchange Commission will propose regulations for credit rating agencies to promote transparency.  Credit rating agencies came under fire after granting AAA ratings to mortgage securities backed by subprime loans.  Proposals address the internal controls and disclosures by credit rating agencies.   To read … Continue reading

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Huckabee Won’t Run For President –

Republican Mike Huckabee has announced that he will not run for President in 2012.  Huckabee would have been one of the top Republican contenders for the White House.  Huckabee is popular among social conservatives and has a successful Fox News program.  To … Continue reading

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Democratic Senator Kohl Not Running For Re-Election –

Democratic Senator Herbert Kohl has announced that will not seek re-election in 2012.  The Wisconsin Democrat first won the Senate seat in 1988.  Kohl is 76 years old and his retirement makes the seat very competitive.  Republicans now have an … Continue reading

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Wisconsin Borrowing Costs Drop –

Wisconsin borrowing costs are dropping and that may be a result of Republican Governor Scott Walker.  Governor Walker took on the unions and signed a bill limiting their collective bargaining power on March 11th.  The move is being well received by markets with the … Continue reading

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Fannie Mae Shows Net Loss –

Fannie Mae reported a first quarter net loss of $6.5 billion and will request an additional $6.2 billion from the government.  Fannie Mae reported net income of $73 million in the last quarter.  To read a related Wall Street Journal article, please click … Continue reading

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Indiana Republican Mike Pence Enters Governor’s Race –

Republican congressman Mike Pence has announced that he will run for governor of Indiana in 2012.  The popular six term congressman is the favorite to win the seat and will help carry the state for the Republican Presidential candidate.  Indiana voted … Continue reading

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New Jersey Tunnel Funding –

New Jersey Governor Chris Christie has indicated that the state will not return the $271 million in commuter rail tunnel funding to the federal government.  Recently, the Federal Transit Administration has added a fee for holding the funds that could amount … Continue reading

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Democrats Target Medicare Plan –

Senate Democrats are expected to vote on a house measure that would change Medicare benefits.  The move is an aggressive step by Senator Reid and Congressional Democrats.  Republicans have kept the Democrats on the defensive over the last few months regarding federal … Continue reading

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