Last night, the House of Representatives voted 332 to 94 to approve the Murray-Ryan budget deal. One hundred and sixty nine Republican House members voted in favor of the plan, and only 62 voted against it, but the future of this legislation is not quite as certain in the U.S. Senate.
Last night, Republicans in the U.S. Senate stayed up all night to delay a vote on a federal appeals court judge. The vote to approve Judge Nina Pillard happened at 1am, and several other nominations will be considered before the upper chamber leaves for vacation next week.
House and Senate negotiators have reached a deal that could prevent the next government shutdown, but don't start celebrating just yet. Tuesday night, Senator Patty Murray and Congressman Paul Ryan announced an $85 billion dollar budget agreement.
Regulators want to start making banking boring again. Today, five different regulatory agencies are expected to adopt the Volcker Rule, which would redraw a line between regular banking and Wall Street gambling. The rule is one of the centerpieces of the Dodd-Frank Wall Street Reform Act, and it is seen as a litmus test for the overall strength of the financial reform law.
Congress hasn't done much this year, but House and Senate negotiators are close to a deal on “fast-tracking” the Trans Pacific Partnership. The TPP is a massive trade agreement among the US and a dozen Pacific nations that poses a major threat to our jobs, our economy, and our national sovereignty.
Yesterday, the world lost a great man. Nobel Peace Prize winner Nelson Mandela passed away at the age of 95. In addition to being South Africa's first black president, Mandela was an anti-apartheid activist and human rights icon throughout much of his life. He even spent 27 years locked up as a political prisoner for trying to fight the apartheid in South Africa.
The American Legislative Exchange Council has one heck of an agenda for 2014, and it all centers around one idea – profit over people. ALEC will meet this week in Washington, DC, for its “States and Nation Policy Summit.” The event is a closed-door conference headlined by Ted Cruz, Paul Ryan, and Ron Johnson, where ALEC will push their “model legislation” for 2014.
The banksters could be forced to pay tens of billions of dollars more in settlements for crashing our economy. But, these fees are just a small fraction of the price that American taxpayers paid for the economic collapse.
On Black Friday, more than 1,500 protests took place at Walmart stores around our country. Organizers reported more than 100 arrests in civil disobedience actions. The events centered around Walmarts low wages, unethical treatment of workers, and their history of trying to prevent employees from forming unions.