Articles About Capitol Hill

Budget cutters on Capitol Hill are aiming their scissors at AmeriCorps, which was created in 1993 when President Bill Clinton signed into law the National Community Service Trust Act. With the stroke of a pen, Clinton created the Corporation for National and Community Service and brought domestic community service programs under a single umbrella organization. […]

Federal Reserve Chairman Ben Bernanke is knocking heads with Representative Paul Ryan (R-WI), the new chairman of the House Budget Committee, about how to best control inflation while buying billions of dollars worth of Treasury bonds to build up the economy in a process called quantitative easing 2 (QE2). As the nation’s debt climbs to […]

By 2050 – just 40 years from now — nearly 16 million Americans will be afflicted with Alzheimer’s Disease.  Surprisingly, there is not yet a national plan to deal with this looming crisis, although one has been proposed on Capitol Hill.  The National Alzheimer’s Project Act (NAPA) would establish an inter-agency advisory council to address […]

The nation’s pay czar is widening his review of how much money hundreds of banks paid their top executives during the 2008 financial crisis. Kenneth R. Feinberg, officially the Special Master for Executive Compensation, is asking for details on compensation at 419 banks that were bailed out by the Treasury Department’s Troubled Asset Relief Program […]

The $700 billion Troubled Asset Relief Program (TARP) cost $200 billion less than originally anticipated,  according to a new Treasury Department report.  That reflects faster repayments by big banks, as well as less spending on rescue programs as the financial sector recovers more quickly than expected. And it’s good news for President Obama’s new job […]