House of Representatives

Rep. Eric Cantor (R-VA) is seeking answers for the abuse of power in the Internal Revenue Service targeting scandal, which has brought on multiple congressional investigations and hearings. On Wednesday, Lois Lerner, the IRS official who was first to admit to the targeted scrutiny, pleaded the...

On Monday, Senate passed a bill allowing North Carolina to ban the direct sales of Tesla (NYSE: TSLA) vehicles to consumers. Specifically, the bill would make it illegal for any automaker to bypass dealerships and sell directly in the state. The bill is sponsored by the North Carolina...

Just like Julius Caesar was stabbed in the back in 44 BC by conspirators in the Roman Senate, so too are we being taken advantage of by our elected officials. You may have heard of the STOCK Act which received Senate approval February 2nd and cleared the House February 9th. STOCK is an acronym...

According to reports in the Chinese media over the weekend, Chinese Premier Wen Jiabao vowed to keep China's exchange rate with the United States dollar stable in order to help China's exporters. The remarks from the Chinese Premier were probably aimed at U.S. lawmakers as much they were meant for...

I get a dizzying sense of déjà vu whenever I hear what's left of President Barack Obama's supporters blame the current state of the economy on former President George W. Bush. As the U.S. economy fell into recession early in Bush's presidency, many Republicans put the blame on former President Bill...

All of the significant stock market indexes in the Asia/Pacific region ended Monday trading higher after news broke that President Barack Obama and Congressional leaders had reached a deal to raise the United States debt ceiling in order to prevent the country from defaulting on its debts. The...

Citigroup stated that foreign investors may be quicker to dump their dollar holdings than domestic investors if the U.S. debt ceiling is breeched, according to Bloomberg. That move might have a harsher affect on the dollar when compared to U.S. treasuries. The U.S. House of Representatives is...

The U.S. House of Representatives is expected to vote on a piece of legislation that would raise the nation's debt ceiling on Tuesday. CNN reports that the vote is expected to fail. Meanwhile, the cost of leasing is increasing across the United States, as homeownership continues to decline. While...

According to The Washington Post, Tom “The Hammer” Delay, former House majority leader, was sentenced to three years in prison for scheming to dole out corporate contributions to legislative candidates. Delay's defense? Everyone is doing it! Judge Pat Priest has made the point clear that lawmakers...

The House passed legislation Tuesday that will provide $26.1 billion in aid to states — the primary goal of the chamber’s unusual one-day August session. According to a CQ Politics report, "The measure would provide $16.1 billion for increased federal Medicaid funds for states and $10 billion for...