Senate Passes Pension Reform, Sent to President for Signing

From National Journal's Earlybird: Congress passed major pension legislation designed to assure American workers, including millions of baby boomers nearing the end of their working careers, that the pensions they have been promised will be there when they retire," AP reports. "The Senate, in its last vote before adjourning for a four-week summer break, approved the 900-page bill that compels employers with defined-benefit pension plans to meet their funding obligations and seeks to prevent companies from terminating plans and shifting the financial burden to the taxpayer."

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Estate Tax Dies (Again)

A coalition of fiscally responsible Senators stood up last night against the budget-shredding Estate Tax Caucus. By a vote of 56-42, a motion to proceed to consideration of the "trifecta" bill failed. And thanks to everyone who contacted their Senators and urged them to vote against this horrendous bill!

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Estate Tax Vote Could Be Tonight: OMBW Letter Opposes Bill

In advance of the vote on the "trifecta" estate tax bill in the Senate, which rumors say could be as early as tonight, OMB Watch sent a letter in strong opposition to the bill to the full Senate. Although the vote was originally slated for tomorrow (Friday) morning, there are rumors from the Hill that Sen. Reid (D-NV) may agree to move the vote up to this evening. This is a good sign as it probably indicates Reid is confident he has the votes to sustain a filibuster of the bill. Stay tuned for more updates as they become available.

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FEC Posts Proposed Interim Rule on Electioneering Communications Rule

The Interim Final Rule can be found here. It will be considered at the FEC's August 29 open meeting.

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Momentum Swings Against Frist and 'Trifecta' Bill

Sen. Maria Cantwell (D-WA) - a key swing vote on the upcoming "trifecta" bill - has publicly announced she will vote against the bill. Cantwell's bold decision to stand up for working-class families in Washington and around the country who would get a bad break with this legislation is a significant blow to Sen. Frist's (T-RN) attempts to pass this crass and manipulative bill. Sen. Cantwell should be praised for her brave leadership in speaking out against this effort. Kudos to her!

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US Gov't To Inspect Reporters Phone Calls Over Islamic Charity Leak

From the New York Times: A federal prosecutor may inspect the telephone records of two New York Times reporters in an effort to identify their confidential sources, a federal appeals court in New York ruled yesterday. [...]

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Slaughter Calls For Investigation Into Foundation

According to BNA: Rep. Louise Slaughter is calling for an Internal Revenue Service investigation of a private family foundation established by Health and Human Services Secretary Michael Leavitt. She cites a recent Washington Post article that while Mike Leavitt alone has claimed about $1.2 million in tax write-offs since 2000, the foundation gave away only $49,000 in 2002 and $52,000 the next year, according to tax returns and other documents filed by the foundation.

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Grassley and Baucus Question TIGTA Chief

According to BNA: The six-page Feb. 21 letter from Chairman Charles Grassley (R-Iowa) and ranking Democrat Max Baucus (Mont.)--released in response to a Freedom of Information Act request from BNA--posed a broad range of questions to George, including queries related to his vision for the agency, his office hours, how he treats TIGTA employees, and his management style and practices that in part could reveal his leadership

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Grassley and Baucus Question TIGTA Chief

According to BNA: The six-page Feb. 21 letter from Chairman Charles Grassley (R-Iowa) and ranking Democrat Max Baucus (Mont.)--released in response to a Freedom of Information Act request from BNA--posed a broad range of questions to George, including queries related to his vision for the agency, his office hours, how he treats TIGTA employees, and his management style and practices that in part could reveal his leadership

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Bopp Takes Alaska Electioneering Communications Case to High Court

According to BNA: How much can states regulate political messages? It is a question asked by Attorney Jim Bopp has filed a petition for a Supreme Court review in a case involving Alaska Right to Life committee. The group (a 501(c)(4)) argues that it can sponsor political messages without being required to use a PAC.

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