Corporations Are Loaded

Yet, somehow they just can't bear to part with their gains and put Americans back to work. And that's pretty much the reason a second round of economic stimulus (and lots of it) makes a lot of sense right now.

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Quigley Introduces Contracting Reform Bill in House, Action Needed

The U.S. Capitol

Yesterday, Rep. Mike Quigley (D-IL) introduced in the House companion legislation to Sen. Russ Feingold's (D-WI) recent contracting reform bill. As companion legislation, the House version of the "Federal Contracting Oversight and Reform Act of 2010" is a mirror image of the Feingold bill. The measure has several strong provisions, and, "if enacted, will lay the foundation for future [contracting] reforms." More members of Congress need to support this legislation.

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FDA Panel Warns of Diabetes Drug’s Safety

A Food and Drug Administration (FDA) advisory panel debated the safety of the diabetes drug Avandia today. In 2007, a study determined that Avandia raises the risk of heart attack in patients taking it. The drug’s safety and effectiveness have been hotly contested ever since.

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Connecticut Campaign Funding System in Peril

A very complicated case from Connecticut may have implications for federal campaign finance law. An appeals court upheld restrictions on campaign contributions from government contractors, threw out part of the state's public campaign financing law, and struck down a ban on lobbyist contributions. According to BNA Money and Politics ($$), "the decision by a three-judge panel of the U.S.

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Fiscal Commission Suffering from a Raging Case of the Stupid

A dunce cap is still culturally relevant when referencing idiocy, right?

Over the weekend, former Sen. Alan Simpson (R-WY) and Erskine Bowles, the co-chairmen of the president's debt and deficit commission, spoke to the National Governors Association in Boston. During their speech, Simpson and Bowles hinted at the recommendations their group will make to Congress later this year. Despite pleas to the contrary – including during its recent public hearing – the commission seems bent on a package composed mostly of spending and entitlement cuts.

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CBO Monthly Budget Review, June 2010

Can a Piggy Bank be 'Underwater'?

On Wednesday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for the month of June, providing a review of the federal budget through the first nine months of fiscal year 2010. It seems that revenues were about the same as they were last year at this time, but spending was down about 3 percent. These factors have combined to provide the country with a roughly $1.0 trillion deficit so far this year, which is "about $80 billion less than the shortfall last year at this time."

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Obama Faltering on Pledge to Restore the Role of Science

One year after the White House was supposed to chart a new course for the role of scientists and the integrity of scientific information in government, federal employees and the public continue to await reform.

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Obama Presses Senate on Food Safety Bill

President Obama yesterday gently reminded the U.S. Senate that food safety reform is still on their agenda, and that Senators may want to pass legislation in order to expand protections for the food supply.

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Could Social Security Cuts be closer than We Think?

Scissors Beat Paper

That's the question Brian Beutler over at Talking Points Memo raises this morning while reporting on the possibility of a bipartisan consensus on scaling back Social Security benefits materializing in Congress. Recognizing that such a proposal is usually "the third rail of American politics," Beutler lays out the not-impossible scenario of deficit-weary members of Congress sacrificing the relatively solvent entitlement program of Social Security before the alter of fiscal austerity.

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ACLU, Lawyers' Committee Intervene in Georgia Voting Rights Act Challenge

On July 6, the American Civil Liberties Union (ACLU), the ACLU of Georgia, and the Lawyers' Committee for Civil Rights Under Law filed a motion to intervene in Georgia v. Holder, the state of Georgia's challenge to the Voting Rights Act. Georgia filed suit against the U.S. Department of Justice because it wants the federal government to allow it to verify each voter's citizenship before allowing an individual to vote.

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