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Monthly Archives: December 2011
Democrat Ben Nelson To Retire –
Nebraska Senator Ben Nelson announced that he would not run for another term. Democrats are trying to recruit former Senator Bob Kerrey as a candidate. The retirement is likely to move another seat to the Republicans. Republicans are also likely to pick up … Continue reading
Posted in 2012, Congress, DC, Democrat, Election, General, Politics, Republican
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Obama To Nominate Federal Reserve Governors –
Obama is set to nominate Jeremy Stein and Jerome Powell to the Federal Reserve Board of Governors. Jeremy Stein has worked as an advisor to the Treasury secretary during the Obama administration. Jerome Powell worked at the Treasury during the term … Continue reading
Posted in Administrative, Business, DC, Economy, Federal Reserve, General
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House Set To Approve Payroll Tax Cut –
House Republicans are set to approve a two month extension of the payroll tax cut. House Republican John Boehner has come to an agreement with Democratic Senator Harry Reid. The agreement would extend the tax cut for two months and begin … Continue reading
Posted in 2012, Administrative, Budget, Business, Congress, Democrat, Economy, Election, General, Politics, Republican, Tax
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Italian GDP Contracts –
Italian third quarter Gross Domestic Product has fallen 0.2% from the second quarter. This may mark the fifth recession for the Italian economy since 2001. Although exports grew 1.6%, consumer spending declined 0.2% and investment contracted 0.6%. In addition, Italy has taken steps … Continue reading
Posted in Administrative, Budget, Business, Economy, General
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Craig James Declares In Texas –
Former NFL running back and ESPN analyst Craig James declared that he will run for Senate in Texas. James will join a crowded field running to fill the seat held by Republican Senator Kay Bailey Hutchison. Craig James was also a football … Continue reading
Posted in Uncategorized
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Payroll Tax Cut Extension –
The Senate passed a two month extension of the payroll tax cut. On Saturday, the measure passed the Senate with a vote of 89-10. The payroll tax cut amounts to a two percent drop from 6.2% to 4.2%. An increase in fees … Continue reading
Posted in 2012, Administrative, Budget, Business, Congress, Democrat, Economy, Election, General, Politics, Republican, Tax
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Euro Trades Lower –
The Euro fell below $1.30 in afternoon trading on Wednesday. The Euro has not traded below $1.30 since mid-January of this year. Traders are watching Standard & Poor’s for any indications of sovereign debt downgrades. France is one of the … Continue reading
Posted in Administrative, Budget, Business, Economy, General, Infrastructure, International
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Budget Deal –
Republican and Democratic officials have agreed on a spending bill through October 1st 2012. Specific details of the agreement are expected to be released on Tuesday. The measure still requires approval of the Senate and the House of Representatives. The current spending bill … Continue reading
Posted in 2012, Administrative, Budget, Business, Congress, Democrat, Economy, General, Infrastructure, Politics, Republican, Tax
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Iowa Presidential Debate –
The Iowa Republican Presidential debate gave the candidates a chance to debate the issues. The six Republican candidates only have four weeks to campaign before the January 3rd Iowa Caucus. Currently, Gingrich is the front-runner and he drew fire from … Continue reading
Posted in 2012, DC, Debate, Election, General, Politics, Presidential, Republican
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Payroll Tax Bill Blocked By Senate –
A measure supported by the Democrats that would cut the payroll tax was blocked in the Senate. The bill only received 50 votes and needed 60 votes to move forward. The payroll tax on the first $110,100 would have fallen to 3.1% from … Continue reading
Posted in Administrative, Budget, Business, Democrat, Economy, General, Republican, Tax
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S & P May Downgrade Euro Nations –
Standard & Poor’s indicated that 15 Euro nations may face a downgrade of their debt. Germany and France are two of the six Euro nations that could lose their AAA rating. As a result, the Euro fell in afternoon trading. To … Continue reading
Posted in Business, Economy, General, Politics, Republican
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