This week, Washington descends into its annual budget brawl. House Republicans unveiled their plan on Tuesday, with Senate Republicans to follow Wednesday. Their hope is to pass a common budget resolution through both bodies by mid-April. Their incentive is that if — and that is a big if — Republicans in the House and Senate can agree, they can use the process known as “reconciliation” to pass various right-wing passions by majority vote, no filibuster allowed. The House budget plan, for example, calls for repealing Obamacare, partial privatization of Medicare, turning Medicaid and food stamps into block grants for the states, and tax reforms that lower rates and eliminate any taxation on profits reported abroad, turning the rest of the world into a tax haven for multinationals. The president can veto the appropriations bill containing these items, setting up another government shutdown melodrama. This is not the way to run a railroad, much less a government.
Congress is nearing a vote on arguably the biggest change to private pension law in decades.
The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workers, mostly in construction but also in the transportation, manufacturing, retail and service sectors.
The Congressional Progressive Caucus is pushing its nearly 70 Democrats to oppose a sweeping funding bill on Thursday because it rolls back a key aspect of the Dodd-Frank financial reform law.
Report suggests 'some giant corporations—and their executives—have decided that following the law is merely optional'
"Corporate criminals routinely escape meaningful prosecution for their misconduct."
This is the damning verdict of Sen. Elizabeth Warren's (D-Mass.) report released Friday, Rigged Justice: How Weak Enforcement Lets Corporate Offenders Off Easy (pdf).
This is what neoliberal governance looks like.
Skeptics said it wouldn’t last, and they were right.
Al Jazeera America launched in the summer of 2013, a spin-off of the Doha-based channel’s English version to specifically target a United States audience.
'This is a national train wreck that must be stopped,' says Common Cause
Agency shut down email surveillance in 2011, only to relaunch it under different intelligence laws.
The National Security Agency (NSA) secretly replaced its program monitoring Americans' emails and moved it overseas before the operation was exposed by Edward Snowden in 2013, according to new reporting.
Democrats in the Wisconsin Assembly recused themselves en masse from a Wednesday evening vote on a contentious GOP proposal to reshape the state's campaign finance laws. The bill passed shortly before 8 p.m. with the unanimous support of the chamber's Republican members, with no Democrats casting votes. The minority party has…
WASHINGTON - The International Monetary Fund (IMF) downgrades global growth forecasts and warns of rising debt levels in "emerging" economies in its newly released World Economic Outlook report. The report lowers growth forecasts in low-income and developing countries from 6% in 2014 to 4.8% in 2015. The IMF releases the report…
Civil society organizations, Indigenous communities, and social movements come together to challenge the World Bank’s neoliberal agenda, which has caused massive environmental destruction and social distress on the Latin American continent. Lima, Peru — The International Monetary Fund–World Bank Annual Meetings will take place in Lima, Peru this year from October…
New study highlights the repeated failure by U.S. lawmakers to crack down on tax avoidance schemes. America's Fortune 500 companies are "playing by different rules" when it comes to the federal tax system and, according to a new report out Tuesday, are stashing $2.1 trillion in offshore tax havens—with as…
The strategy by one of the nation's largest growers to shed its obligation to sign a contract with the United Farm Workers was dealt a key setback last week. An administrative law judge not only threw out what union organizers say was one of the dirtiest decertification elections in recent…