After a long day in both chambers of Congress, no agreement has been reached on a continuing resolution to fund the government past fiscal year 2013, which ended at 12:00 am today. The new fiscal year, which started at 12:01…
The Senate voted 54-46 this afternoon to send a clean continuing resolution to the House of Representatives. The new CR no longer contains the measures to delay Obamacare or repeal the medical device tax. The votes ran along a straight…
The Senate voted 54-46 today to send a clean continuing resolution to the House of Representatives. The new CR no longer contains measures to delay Obamacare or repeal the medical device tax. Majority Leader Harry Reid acted as expected, and…
Detroit is going to receive an infusion of cash, courtesy of the federal government. The municipality declared bankruptcy this summer and is trying to avoid having to pay the $18 billion in liabilities it has accrued, with court battles and…
Blackberry, formerly known as Research in Motion (RIM), revealed catastrophic losses and saw its stock plunge last week, highlighting a long decline in its bid to compete with firms like Apple and Google. Blackberry’s turn for the worse began when…
In Egypt yesterday, the ominously named Cairo Court for Urgent Matters ordered a total ban on the Muslim Brotherhood, recently deposed President Mohammed Morsi’s political party and activist group. The ban extends to all groups that associate with the Muslim Brotherhood…
Only days after the Federal Open Market Committee’s announcement that it won’t reduce quantitative-easing bond purchases, the market lost some of the momentum that had sent the Dow to record highs. The reason? New talk of a taper. By Friday…
In a succinct 5,930-word profile of Hillary Clinton, New York Magazine shed some light yesterday on what author Joe Hagan refers to as “Clintonworld”—a swirling and nebulous configuration of hangers-on, loyalists, sycophants, and a former president who comprise the Clintonian…
Despite promising at a hearing earlier this week that “coal will continue to represent a significant portion of energy supply for decades to come,” EPA Administrator Gina McCarthy announced today regulations governing new coal power plants. The new set of…
The House of Representatives voted 230-189 today to go ahead with a federal budget that defunds Obamacare. The onus now falls on the Senate, where the budget proposal will most likely fail, though Senator Ted Cruz has sort-of vowed to…