Lenders Appeal to Democrats on Subsidy Cuts
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With the House set to take up legislation that would sharply cut subsidies to student loan companies by about $19 billion, lenders are trying to appeal to Democrats.
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Democratic Congressional leaders on Friday offered the first concessions in a fight with President Bush over a spending bill for Iraq, but the White House turned them down
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Democratic lawmakers will propose banning private Medicare insurance plans from door-to-door sales pitches after some seniors complained that they were pressured or misled into enrolling in the wrong plans.
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Proposals to help poor countries work their own way out of debt are being published by a Tory policy group.
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The U.S. House of Representatives voted 273-149 on Wednesday to slash federal subsidies paid to college student-loan companies, such as Sallie Mae and Citigroup Inc, by $19 billion and boost grants to students, ignoring a White House veto threat.
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Conservative Democrats in the House are challenging their own party to do more to balance the federal budget and restrain government spending, highlighting an ideological division among Democrats that could play a big role in the party's 2008 presidential campaign.
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Democratic leaders implored their colleagues to fulfill a campaign pledge to bring about cleaner government, as the House opened debate Thursday on two bills to require greater disclosure of lobbying practices.
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There are plenty of signs that Republicans are hunkering down against an aggressive and well-financed Democratic effort to reclaim the House majority it lost in 1994 Ã¢ÂÂ including the $12.5 million in Ã¢ÂÂindependent expendituresÃ¢ÂÂ that the National Republican Congressional Committee (NRCC) reported making in September.
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The Democratic senators are pushing the Democratic Party further from the business-friendly posture once championed by Bill Clinton.
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House and Senate negotiators reached a deal Wednesday to boost aid to college students by cutting roughly $20 billion in government subsidies to banks that issue student loans.
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Retirees living off Social Security are frustrated that they won't get tax rebate checks through a bipartisan economic stimulus package before the House. Senate Democrats Friday began efforts to include them.
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Leading Democrats have urged John Kerry's aides to concentrate on challenging President Bush on domestic issues.
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Economic stimulus proposals favored by Democrats, including tax rebates, extended unemployment benefits and a temporary increase in food stamps, are cost-effective ways for Congress to try to boost the economy, the Congressional Budget Office said Tuesday.
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Senate Democrats are seeking a major reversal of energy tax policies that would reverse incentives and benefits to the oil industry and instead underwrite renewable fuels.
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WASHINGTON - A new study listing 46 profitable Fortune 500 companies as getting $5.4 billion in federal tax refunds last year is being used by Democrats to push for expanding the child tax credit to low-income families who don&#39;t pay income taxes.
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Political and fiscal constraints will make it hard for Democratic critics of the presidentâs budget to assert their priorities.
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The centerpiece of an economic aid plan should be a tax cut for the middle class, and the overall proposal could include relief for business and spending incentives for the unemployed, a leading Democratic lawmaker said Sunday.