If you've been following the Blue America PAC at all, you may already be aware that we've decided that we won't be endorsing any candidates for the House in 2010 unless they are genuinely enthusiastic about passing John Larson's Fair Elections Now Act ( HR 1826 ). We're not asking for some unenforceable pledge; we want nothing less than heartfelt enthusiasm. Right now Larson has 117 co-sponsors from...
Absolutely . Clearly there is a danger in politicizing Federal Reserve decisions but looking at how the Fed handled the bailout of AIG and Wall Street, it's difficult to see how much worse it could have been. To date, Congress or the White House (either the current or the former) have hardly been impressive with taking control of the issue though the Federal Reserve does look like a black hole, accountable...
A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc. The group, led by Rep. Elijah Cummings, D-Md., wants a... American International Group - Federal Reserve System - Elijah Cummings - Insurance - United States
Citi Boosts Base Salaries Of Some Senior Employees (Reuters) CFO John Gerspach's annual base salary will increase to $500,000 effective November 1 from $400,000 prior to November, while James Forese is receiving $475,000, compared with $225,000. Gerspach is also receiving $2.92 million of stock salary for 2009, while Forese will get $5.4 million. And a sad trombone for Vikram, who will make $1 for...
Daily Intelligencer - New York Magazine (Free subscription) | 11/17/2009
Not that the Maryland Democrat is rushing them to make a decision or anything, but he's just curious — who are they going to pick to succeed Ken Lewis? For instance, will it be that chump Brian Moynihan , with whom he tangled at last year's hearing over the Merrill Lynch bonuses ? "Is this the guy we have got to face when we are dealing with Bank of America?” Cummings asked BofA director...
Maryland's congressional delegation voted 6 to 2 Saturday night in favor of passage of the landmark health-care reform bill, with only first-term Democrat Frank Kratovil breaking with his party and voting no. In a statement, Kratovil called the bill too expensive and said: "I was not able to support the bill before Congress today because I do not believe it meets my criteria for a sustainable...
A group of 72 Democratic lawmakers is the latest to question the U.S. Federal Communications Commission's move to create new net neutrality regulations. Democrats, including U.S. President Barack Obama, have generally supported new rules that would prohibit broadband providers from selectively blocking or slowing Web content, but the group of 72 members of the House of Representatives sent a letter...
CNBC's Joe Kernen , Becky Quick and Carl Quintanilla will anchor "Squawk Box" from Capitol Hill tomorrow. "Squawk in Session: Live From The U.S. House of Representatives" will broadcast at 6am-9amET from the Education and Labor Committee Hearing Room. Lined up guests included Reps. Barney Frank, Jeb Hensarling, Paul Kanjorski, Paul Ryan, Elijah Cummings and Kevin McCarthy. New...
H1N1 mist will be available starting this week Maryland Deputy Secretary for Public Health Services Frances Phillips, at podium, was joined Monday at Maryland General Hospital by, from left, Reps. John Sarbanes and Elijah Cummings, FDA Deputy Commissioner Dr. Joshua Sharfstein and Howard County Health Officer Dr. Peter Beilenson. Local public health and political leaders gathered to emphasize the need...
By Sebastian Jones This article appeared in the October 19, 2009 edition of The Nation. September 30, 2009 In March, months after the government gave an unprecedented $85 billion to AIG, the insurance giant released a list of counterparties, exposing some of the world's top financial institutions as the real recipients of the bailout. First among its peers, Goldman Sachs got a whopping $12.9 billion,...
First, watch how one of the realest House Representatives, Elijah Cummings, handles the clown journalist that is Mika Brezinski and her cries of "one side is getting more bias than the other" schtick. Visit msnbc.com for Breaking News , World News , and News about the Economy I am so glad that Elijah Cummings did not buckle down to "Mika Meekness" ridiculous false equivalency to...
Republicans are laying into Democratic Rep. Alan Grayson like he personally took a dump on Rush Limbaugh's studio chair or something. They're trying to Van Jones the guy out of Congress for his comments on the GOP health care plan (or complete lack of it). Grayson, for his part, refuses to back down , as HuffPo's Howie Klein reports. GOP morning shill, Joe Scarborough, had reactionary sidekicks Pat...
"Secret Agent Editors The Obama scandals bring a new era of opacity at the New York Times. " WSJ's The Best of the Web Today Insightful and amusing post about the NYTimes failing to be even a semi-objective news source. "Obama and Acorn Is there a case for a special prosecutor? " WSJ's James Taranto "Independent prosecutor for ACORN" Chicago Tribune "Inside the Glorious...
Videos
