Late last week, 13 senators signed and sent a letter to Federal Reserve Board Chairman Ben Bernanke. The letter wasn’t about headline-dominating issues of interest rates, deficit reduction or extending the Bush tax cuts. The letter cautioned Chairman Bernanke about action he and his fellow Federal Reserve Board of Governors are scheduled to take this week — which, if not done properly, will have a troubling impact on the wallets of millions of consumers across the nation. (more)
The ancient Greek playwright Aeschylus is often credited with the well-worn maxim, “In war, truth is the first casualty.” Judging by the commentary circulated whenever a hint of Social Security reform is in the air, Social Security politics are the equivalent of war for many people. Sorting out Social Security fact from Social Security fiction can become practically a full-time job for those who take it on. (more)
Jim Bennett, the son of Sen. Bob Bennett who ran his father’s campaign for a fourth term this year, has begun working as a volunteer on the Senate campaign of Democrat Sam Granato, who hopes to replace the senior Bennett in Washington, D.C. (more)
U.S. senators or Senate employees received 30 loans—far more than had previously been known—under a controversial lending program at Countrywide Financial Corp. that provided cut-rate terms to favored borrowers. (more)
As a curious person who likes crowds and dislikes big government, it’s only natural that I’ve made my way to a couple Tea Party rallies in the past few months. My semi-regular attendance earned me a number of pins and buttons—including one with the now-again-emblematic “don’t tread on me” slogan—and it has placed my name on the mailing list of Dick Armey’s FreedomWorks organization, one of the principal sponsors of the rallies. (more)
Sen. Robert Bennett (R-Utah), who lost his bid for re-nomination on Saturday, has not ruled out running as a write-in candidate for the Senate this fall. (more)
Pencil down May 18 as the next signpost of how strong the country’s anti-establishment political winds are blowing, after Utah Republicans delivered a shock to the system Saturday by dispatching Sen. Robert Bennett in a party primary. (more)
Over the past few months, the Obama White House has taken a beating over its proposed policies, with its ideas on health care reform and the federal budget deficit arousing the most intense opposition. As public understanding of the Administration’s economic plans has grown, support for these plans has declined. These concerns have been reflected in the President’s steadily declining poll numbers, and sudden electoral shifts in Virginia, New Jersey and Massachusetts have underscored the opposition. (more)
The Obama administration is considering a proposal that would heavily favor government contractors that implement policies designed by organized labor. (more)
Republicans accused President Obama on Tuesday of taking a step toward using the $700 billion Wall Street bailout as a slush fund, a possibility many worried about when the Troubled Asset Relief Program was first created during the economic panic of 2008. (more)
The odds may be slight, but I believe there is still a chance for President Obama to pass a bipartisan health care reform bill, even if it represents a small incremental step that will improve access to health care and opportunities to reduce costs. (more)

























