WASHINGTON, March 22–Sen. Sessions spoke on the Senate floor today about the need for honest reforms as part of his opening remarks on the final day of budget debate.
Cyprus finance ministers are planning to impose a weekly limit on cash withdrawals, the BBC has learned. The country’s draft capital controls include export limits on euros and a ban on cashing cheques, says Newsnight economics editor Paul Mason. In addition, fixed-term deposits will have to be held until maturity. Cyprus’s finance minister earlier confirmed that depositors with more than… Read more →
A national holiday is bitter sweet for Cypriots as the anger and fear of the bailout deal settles in.
Credit: REUTERS/Yannis Behrakis (Reuters) – Cyprus reached a last-ditch deal with international lenders on a 10 billion euro ($13 billion) rescue plan to avoid economic meltdown, agreeing to close down its second-largest bank and inflict heavy losses on big depositors. The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President… Read more →
Photo: (AP) In 1970, Washington became the first — and remains the only — state in the country to legalize elective abortions by a popular vote. A generation later, and 40 years removed from the landmark United States Supreme Court Roe v. Wade ruling that extended abortion access nationwide, Washington is once again poised to stand out. With 21 states… Read more →
Rep. Bob Goodlatte (R-VA), Chairman of the House Judiciary Committee, is holding a full committee hearing today that started at 1:00 Eastern. It’s being livestreamed on CSPAN3. Subcommittee Chairman Trey Gowdy, (R-SC) released the following statement ahead of the hearing: “ICE contends it only detains the ‘worst of the worst;’ therefore it necessarily follows ICE just released thousands of the ‘worst of the… Read more →
Photo: AFP – Getty Images Cypriot leaders held crisis talks on Wednesday to avert financial meltdown after rejecting the terms of a controversial European Union bailout, turning instead to Russia for help. Banks on the Mediterranean island may never reopen, Germany warned after lawmakers late Tuesday turned down a $12.9 billion deal that would have seen Cypriots lose up to 10… Read more →
President Barack Obama says he cannot force Republicans to agree with him by using a Jedi mind meld – but he is trying to paint the party in Congress as the dark side. Speaking after a short and fruitless meeting at the White House, he said their actions would result in “unnecessary and inexcusable” cuts, and that thousands would lose their… Read more →
WASHINGTON, March 19—During the committee debate on the budget resolution, Sen. Sessions pointed out that means-tested federal welfare spending and means-tested aid is projected to increase 80 percent over the next 10 years. Holding that growth rate to 60 percent—still much larger than the projected inflation of 25 percent—would save $1 trillion. But more importantly, sound reforms would ensure that… Read more →
Elizabeth Warren at the Senate HELP Committee on minimum wage… Discovered on Breitbart