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Crisis: McCain Back in DC Locks Senate Doors

by Scott Ott · 66 Comments

(2008-09-25) — Sen. John McCain, R-AZ, who suspended his presidential campaign yesterday to address the global financial crisis, arrived at the Capitol this morning, locked the doors to the Senate and asked running mate Sarah Palin to post troops from the Alaska Army National Guard to bar senators from entering the chamber.

The Republican nominee said, [...]

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Tags: Business · Politics · U.S. News

Senate Moves to Tax Obama’s Windfall Campaign Cash

by Scott Ott · 59 Comments

(2008-06-10) — Rebounding from today’s failed effort to increase taxes on the “windfall profits” of U.S. oil companies, Senate Democrats quickly introduced a bill to tax “windfall campaign contributions”.
The move comes as Democrat presidential nominee Barack Obama stands poised to raise $100 million in June, when just two months ago he raised only $31.3 million.

“Obama [...]

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Tags: Business · Politics · U.S. News

Bush Revises Stimulus Deal to 'Rebate All of It'

by Scott Ott · 10 Comments

(2008-01-24) — The White House, racing against the clock to make a deal with Congress on an economic stimulus package before the U.S. economy rebounds on its own, has reportedly offered to “up the ante” on its proposed $800 per capita tax rebate.
Under the terms of the revised measure, the Bush administration will ask Congress [...]

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Tags: Business · U.S. News