In a quarterly federal lobbying disclosure record report, it was discovered that MasterCard would be paying lobbying firm Peck Madigan Jones to focus on peer-to-peer decentralized digital currencies like bitcoin. Five of the firm’s lobbyists will centre on bitcoin and mobile payments … [Read more...]
Fiscal Cliff Negotiations Stall in the Eleventh Hour
As the American people helplessly watch and wait for word from Washington, fiscal cliff talks in the Senate hit and rebounded from various roadblocks Dec. 30—less than 24 hours from the make-or-break deadline. As all bets were placed on Senate Majority Leader Harry Reid (D-Nev.) and … [Read more...]
Senate Leaders Attempt to Hash Out a Last-minute Fiscal Cliff Deal
Senate leaders attempted to hash out a last-minute deal to resolve the fiscal cliff conundrum Dec. 29, but as night fell with no sign of a breakthrough, optimism began to diminish. Minority Leader Mitch McConnell (R-Ky.), who on Friday told reporters he was “hopeful and optimistic” a … [Read more...]
Obama’s Ultimatum – Fiscal Cliff Compromise or Vote
President Barack Obama addressed the nation Dec. 28 following an hour-long negotiation with Congressional leaders on how to avoid the ever-approaching fiscal cliff. According to Obama, he has assigned Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell … [Read more...]
Fiscal Cliff Just Days Away and John Boehner Extends His Vacation
As the time to avoid the approaching fiscal cliff can now be counted in hours, President Obama and the Senate returned to Washington to resume work Dec. 27. The House of Representatives, however, will not return until Dec. 30—only 30 hours before the deadline. At this point, it’s hard … [Read more...]
Fiscal Cliff Days Away, Plan B Denied and No Resolution in Sight
As House Speaker John A. Boehner put forth a proposal to end fiscal cliff worries, Democrats rejected the plan out of hand, but now even Republicans don't support the plan. Boehner told the press, "The house did not take up the tax measure today because it did not have sufficient … [Read more...]
Federal Reserve Implements Radical New Policy to Keep Interest Rates Low
Federal Reserve Chairman Ben Bernanke announced a radical new policy the Fed will being using. The new policy is getting unprecedented support, but it is so far afield from past policies it may take many off guard. Federal Reserve Bank of Richmond president Jeffrey Lacker was the only … [Read more...]
Should Obama Help Unions Oppose Right-to-Work Laws
President Obama broke his silence on right-to-work laws last week when he spoke out against the labor battle transpiring in Michigan. “We should do everything we can to keep creating middle-class jobs that help folks rebuild security for their families,” Obama said in a Dec. 10 … [Read more...]
