Category Archives: Administrative

Boehner Predicts Compromise –

Posted on 21. July 2011 by Jim Sutliff

Republican John Boehner predicted that the GOP will compromise on raising the debt ceiling.  The House Speaker expects a majority of the Republicans will approve a modified plan proposed by the Senate even without a balanced budget amendment.  According to Democratic … Continue reading →

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States May Face Downgrade –

Posted on 19. July 2011 by Jim Sutliff

Moody’s has indicated that bond ratings of some states may be downgraded if the debt limit is not raised.  The states that depend heavily on federal revenue are likely to be hurt most by a default.  Five states with high bond ratings that … Continue reading →

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Republican McConnell Offers Debt Plan –

Posted on 12. July 2011 by Jim Sutliff

Republican Senator Mitch McConnell has a backup debt plan in the event that a broader compromise isn’t reached.  The McConnell debt plan would raise the debt ceiling in three increments over the next 18 months.  The plan is a backup … Continue reading →

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Obama News Conference Set For Monday –

Posted on 10. July 2011 by Jim Sutliff

The debt negotiations between Republicans and Democrats have broke down and are scheduled to start again on Monday morning.  In addition, Obama is set to hold a press conference relating to the debt negotiations at 11 AM on Monday morning.  To read … Continue reading →

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Republicans Talk Taxes –

Posted on 6. July 2011 by Jim Sutliff

Republican Representative Eric Cantor indicated that there could be a compromise on tax loopholes.  Republicans and Democrats have been in talks about raising the $14.3 trillion debt ceiling and have been negotiating tax loopholes, tax increases, and spending cuts.  The … Continue reading →

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GOP Gains In North Carolina Redistricting –

Posted on 1. July 2011 by Jim Sutliff

The draft map for redistricting in North Carolina strongly favors Republicans.  The new districts solidify current Republican seats and place four Democratic seats into Republican leaning districts.  The four Democrats that are in danger of losing are Brad Miller, Heath … Continue reading →

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U.S. Firms Head For Tax Havens –

Posted on 24. June 2011 by Jim Sutliff

U.S. firms are heading to tax havens in greater numbers than in the past.  Increased regulations and tax burdens are factors considered by companies that are going public or relocating.  Bermuda and the Caymen Islands are two popular locations for … Continue reading →

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Deficit Negotiations –

Posted on 20. June 2011 by Jim Sutliff

Negotiations on the deficit and the debt ceiling are making progress in Congress.  Democrat Senator Dick Durbin indicated that a delay could force interest rates higher.  Democrats are attempting to raise the debt ceiling and Republicans are proposing budget cuts to lower the … Continue reading →

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Free Trade Deals Set To Pass –

Posted on 16. June 2011 by Jim Sutliff

Congress is set to pass free trade deals for South Korea, Columbia, and Panama.  The free trade deals are expected to be sent to Congress from the Obama administration.  The trade agreements have strong support in the Republican controlled House and enough … Continue reading →

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Wall Street Regulations –

Posted on 9. June 2011 by Jim Sutliff

At a public forum on June 7th, Jamie Dimon questioned Bernanke about Wall Street regulators.  The amount of regulation came into question as well as the end result possibly being a slowdown of the U.S. economy. To read a related Bloomberg article, … Continue reading →

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Estate Tax Law –

Posted on 5. June 2011 by Jim Sutliff

Kiplinger’s has an article on the estate tax law and the portability feature.  The article also discusses the expiration of the current provision at the end of 2012.  In addition, the article provides examples of unintended consequences of the estate tax law.  To … Continue reading →

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Debt Ceiling Increase Voted Down –

Posted on 1. June 2011 by Jim Sutliff

A measure that would have increased the U.S. debt ceiling by $2.4 trillion was voted down in the House of Representatives.  The House voted 318-97 with 236 Republicans and 86 Democrats voting against the legislation.  For passage, the measure required 277 votes or two thirds … Continue reading →

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Trade Pacts And Programs –

Posted on 25. May 2011 by Jim Sutliff

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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SEC Proposals For Credit Rating Agencies –

Posted on 18. May 2011 by Jim Sutliff

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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Democratic Senator Kohl Not Running For Re-Election –

Posted on 13. May 2011 by Jim Sutliff

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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