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Warren Buffett Talks Taxes, Health Care Reform: This Is The 'Relief For The Rich Act'
Thursday, June 29, 2017 - 3:27pm | 775Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett appeared on PBS NewsHour this week, where he spoke on, among other things, tax and health care reform. Single-Payer Health Care Is The ‘Best System’ During his interview, Buffett criticized the belief in government...
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McConnell Tables Health Care Vote Until After July 4th Recess As Support Crumbles
Tuesday, June 27, 2017 - 3:07pm | 262Sen. Mitch McConnell, R-Kentucky, on Tuesday delayed a vote on a bill to repeal the Affordable Care Act after defections and opposition from moderates and conservatives appeared to doom the Republican majority leader’s plan. The earliest the Senate could consider voting on the legislation is...
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CBO On Senate Health Plan: 22 Million Lose Medical Care
Monday, June 26, 2017 - 5:06pm | 323The Congressional Budget Office said Monday that the latest health care bill struck in secret by a select group of U.S. senators would chop 22 million people off the health-insurance rolls by 2026, another nail in the coffin of legislation backed by a dwindling number of GOP lawmakers. Moderates...
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Senate Health Care Bill Cuts Benefits To The Poorest, Taxes On The Wealthy
Thursday, June 22, 2017 - 11:59am | 612A group of Republican senators, meeting secretly for weeks, finally unveiled on Thursday their version of a health care plan meant to replace the Affordable Care Act enacted by President Barack Obama. As expected, the 142-page bill — the American Heath Care Act — is similar to the...
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Corporate Heavyweights Throw Their Weight Behind The Paris Agreement On Climate Change
Thursday, June 1, 2017 - 11:47am | 1086With the possibility of the U.S exiting from the Paris Climate accord now looking a certainty, several quarters have begun voicing their opinions against an exit. This includes key executives of blue chip firms, who are frantically reaching out to President Donald Trump, urging him to stay on as...
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ACA Repeal Efforts May Be 'Dead For Now'
Thursday, March 30, 2017 - 9:41am | 412By Laurel Kraus A Height Securities research note published Wednesday morning stated its analysts “believe ACA repeal efforts are dead for now as the Congress pivots its energy toward other legislative priorities.” Talks have begun again between the White House and House Republican...
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What Is The 'Nuclear Option' Trump Is Threatening Over His Supreme Court Pick?
Thursday, February 2, 2017 - 12:59pm | 985After a prolonged stint of inaction in the appointment of a new justice to the United States Supreme Court previously held by the late Justice Antonin Scalia, President Donald Trump on Tuesday announced his nomination of Denver court of appeals judge Neil Gorsuch to the seat. Based on his record,...
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Senate Rejects 4 Measures Restricting Guns After Last Week's Mass Shooting In Orlando
Tuesday, June 21, 2016 - 8:12am | 330The U.S. Senate on Monday failed to reach an understanding on gun sales and rejected four measures that would have restricted the sale of guns. Gun violence has been a hot topic in recent memory and intensified over the past week after a shooter pledged allegiance to the terrorist group ISIS and...
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Hold The Champagne, Congress Is Just Getting Started
Tuesday, October 15, 2013 - 3:11pm | 3356Stocks finished in the green for a third consecutive day on Monday as hope for a deal that would avert a debt default and reopen the government grew throughout the session. Things started off a bit on the rocky side however as the DJIA was down more than 100 points two minutes after the opening...
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Republicans Need to Mind Their Own Business
Wednesday, September 21, 2011 - 10:50am | 893Last night, the key Republicans in both the House of Representatives and the U.S. Senate sent a letter to Federal Reserve Chairman Ben Bernanke speaking out against additional monetary stimulus, and the potential for a third round of quantitative easing, now known as Operation Twist. Here is the...
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Buy Gold Dips Because U.S. Politicians Are Ugly Actors
Wednesday, July 20, 2011 - 11:06am | 454FRANKFURT - Buy as much gold on any pullbacks as the made-for-TV miniseries drags on and on. The theatrics in the Senate, the House, and the Oval Office, wouldn't cut it on a high school stage, but when you got enough corporate sponsors it gets play on every idiot box around the world. It's The...
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The Debt Dominoes Are Starting To Fall, But No One Cares Just Yet
Monday, July 18, 2011 - 11:13am | 784Over the weekend, a ratings agency downgraded U.S. government debt. Fortunately or unfortunately, depending upon your perspective, no one cares what Egan-Jones has to think. The independent ratings agency run by Sean Egan downgraded the US from AAA to AA+ over the weekend. In the release, Egan-...
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Zings Of The Day July 15, 2011
Friday, July 15, 2011 - 3:40pm | 168Carl Ichan disclosed this morning that he wants to buy Clorox (NYSE: CLX) for $76.50 per share. I guess he's trying to get that smell of his failed bid for Blockbuster out. Google (NASDAQ: GOOG) blew past Wall Street's most bullish expectations, as it alleviated investor concerns about its battle...
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Are Republican Senators Trying to Kill Entire Economy (Again)?
Friday, June 24, 2011 - 2:07pm | 373It was less than three years ago that the entire banking system of the world collapsed, weighed down by a series of complex and ultimately stupid and greedy investments in fancy instruments. Reluctantly, and against the wishes of the American people, the American government bailed out those sinking...
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Want a Government Contract? Rumored Rule Changes May Require Political Donation Disclosure for Contractors
Thursday, April 21, 2011 - 11:31am | 136U.S. President Barack Obama is considering an executive order to mandate that all companies seeking government contracts first disclose any and all political donations. The rules would cover any donations made within two years of the contract application. The White House has advanced the argument...