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SEC Approves ‘Proxy Access’ Rules
Wednesday, the Securities and Exchange Commission (SEC) finalized a “proxy access” rule allowing large investors to nominate their own board candidates using a company’s ballot. [...]
McConnell Pronounces Cap-and-trade “Dead”
Monday, Senate Minority Leader Mitch McConnell, R-Ky., said cap-and-trade energy legislation is “dead” in the Senate. [...]
Boehner Calls on Administration to Fire Geithner
Tuesday, House Minority Leader John Boehner, R-Ohio, called on the Obama administration to fire top economic officials, including Treasury Secretary Timothy Geithner. [...]
Navy to Delay LCS Contract
Monday, the Navy indicated that it would take several more months to consider offers for the Littoral Combat Ship (LCS) contract.
SEC ‘Proxy Access’ Rule Could Pressure Big Business
Wednesday, the Securities and Exchange Commission (SEC) plans to finalize a “proxy access” rule allowing large investors to nominate their own board candidates using companies’ ballots. [...]
Administration Allies Shifting Defenses of Health Care Reform
Thursday, key Obama administration allies adjusted their messaging in defense of health care reform legislation, abandoning claims that it will reduce costs and deficits while emphasizing the need to “improve it.” [...]
The Hill: Afghan War Opposition a Bipartisan Issue
An analysis by The Hill found that opposition to the war in Afghanistan may no longer be a partisan campaign issue. [...]
Sebelius Blogs for White House: Seniors Already Seeing Lower Prescription Drug Costs
Wednesday, Department of Health and Human Services (HHS) Secretary Kathleen Sebelius blogged for the White House about Medicare Part D prescription drug costs. [...]
Challenges for Dems in Possible 2011 Mortgage Overhaul
According to The Hill, Democrats eyeing mortgage reform in 2011 will face major difficulties in getting the job done. [...]
Health Centers to Receive $250 Million in Federal Grants
Last week, the Obama administration announced that health centers across the country are eligible to apply for $250 million in grants to build clinics and bolster services at existing clinics. [...]
Warren Meets with Bank Lobbyists
Last week, Elizabeth Warren, considered a top candidate to lead the Bureau of Consumer Financial Protection (BCFP), attended the Financial Services Roundtable, which represents the largest financial firms in the country. [...]
Pentagon Official Withholds Lockheed Missile Contract
Tuesday, Missile Defense Agency Director Lt. Gen. Patrick O’Reilly stated he is withholding a contract from Lockheed Martin over reliability concerns after a safety switch on a missile interceptor failed qualification testing. [...]
Military Eyes Biofuels to Meet New Energy Goals
In response to federally-mandated renewable energy goals, military operations are looking at biofuels to help meet the new requirements. [...]
Health Insurance Oversight Grants Awarded to 45 States
The first round of grants in a $250 million program to help states bolster the oversight of health insurance premium increases have been awarded to 45 states. [...]
Frank Furious with Fannie/Freddie Feet-Dragging Notion
House Financial Services Committee Chairman Barney Frank, D-Mass., has taken issue with a recent edition of “Morning Joe.” Last Tuesday’s guest, New York Times columnist Andrew Ross Sorkin, indicated that the government had put Fannie Mae and Freddie Mac “on the back burner” in order to pass the Wall Street reform bill. [...]
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SEC Approves ‘Proxy Access’ Rules
Wednesday, the Securities and Exchange Commission (SEC) finalized a “proxy access” rule allowing large investors to nominate their own board candidates using a company’s ballot. [...]
Boehner Calls on Administration to Fire Geithner
Tuesday, House Minority Leader John Boehner, R-Ohio, called on the Obama administration to fire top economic officials, including Treasury Secretary Timothy Geithner. [...]
SEC ‘Proxy Access’ Rule Could Pressure Big Business
Wednesday, the Securities and Exchange Commission (SEC) plans to finalize a “proxy access” rule allowing large investors to nominate their own board candidates using companies’ ballots. [...]
Challenges for Dems in Possible 2011 Mortgage Overhaul
According to The Hill, Democrats eyeing mortgage reform in 2011 will face major difficulties in getting the job done. [...]
WaPo: Executive Pay Regs a ‘Largely Overlooked’ Part of Wall Street Reform
An article in Thursday’s Washington Post examines a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act that grants powers to federal regulators that would allow the agencies to dictate compensation for finance executives. [...]
SEC to Take Up Proxy Access Next Week
Next week, the Securities and Exchange Commission (SEC) will discuss changes to corporate board nomination rules, potentially making it easier for shareholders to vote a corporate director out of the position. [...]
Administration Ponders U.S. Role in Housing Debate
Tuesday, top Obama administration officials made it clear they are considering a bevy of options to reduce the government’s role as a provider of funding for housing loans. [...]
Warren Meets with Bank Lobbyists
Last week, Elizabeth Warren, considered a top candidate to lead the Bureau of Consumer Financial Protection (BCFP), attended the Financial Services Roundtable, which represents the largest financial firms in the country. [...]
Frank Wants Fannie and Freddie Abolished
Tuesday, House Financial Services Committee Chairman Barney Frank, D-Mass., advocated for the abolishment of Fannie Mae and Freddie Mac, arguing that the two mortgage giants should be replaced with a new subsidized housing mechanism. [...]
Frank Furious with Fannie/Freddie Feet-Dragging Notion
House Financial Services Committee Chairman Barney Frank, D-Mass., has taken issue with a recent edition of “Morning Joe.” Last Tuesday’s guest, New York Times columnist Andrew Ross Sorkin, indicated that the government had put Fannie Mae and Freddie Mac “on the back burner” in order to pass the Wall Street reform bill. [...]
FHA Loans to Impose Higher Fees, Larger Payments, Better Credit Scores
The Federal Housing Administration (FHA) is set to increase monthly mortgage fees, require larger down payments, and use credit scores to determine eligibility in an effort to bolster its reserves and remain solvent. [...]
Banks Start Work to Meet Volcker Rule Guidelines
Several major banks have begun the process of changing their practices to abide by new requirements under the Wall Street reform legislation. [...]
Six Dem Senators Ask SEC to Increase Investment Reporting Regs
Earlier this month, six Democratic Senators wrote a letter to Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro to request that public companies be required to disclose all investments, even those that do not appear on a balance sheet. [...]
SEC Approves Permanent Subpoena Power for Investigations
Wednesday, the Securities and Exchange Commission (SEC) moved to permanently grant subpoena power to its enforcement division for official investigations. [...]
FDIC Weighing Options for Private Credit Ratings Replacement
This week, the Federal Deposit Insurance Corporation (FDIC) will begin considering various options to replace the use of private credit ratings in evaluating bank capital levels, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. [...]
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Navy to Delay LCS Contract
Monday, the Navy indicated that it would take several more months to consider offers for the Littoral Combat Ship (LCS) contract.
The Hill: Afghan War Opposition a Bipartisan Issue
An analysis by The Hill found that opposition to the war in Afghanistan may no longer be a partisan campaign issue. [...]
JFCOM’s Reliance on Contractors Proved Easy Target for Gates’ Cuts
According to the Washington Post, the Joint Forces Command (JFCOM) spent more than $500 million of its $704 million operating budget this year on contractor services, making it an easy target for Defense Secretary Robert Gates and his widespread budget cuts. [...]
Pentagon Official Withholds Lockheed Missile Contract
Tuesday, Missile Defense Agency Director Lt. Gen. Patrick O’Reilly stated he is withholding a contract from Lockheed Martin over reliability concerns after a safety switch on a missile interceptor failed qualification testing. [...]
Afghan Security Force May Join Taliban if Karzai Disbands
As Afghan President Hamid Karzai looks to dissolve independent security firms such as the Watan Group, some are predicting that members of those firms will join the Taliban if Karzai gets his way. [...]
Military Eyes Biofuels to Meet New Energy Goals
In response to federally-mandated renewable energy goals, military operations are looking at biofuels to help meet the new requirements. [...]
Main Goal in Afghanistan is ‘Achieving Objectives,’ 2011 Drawdown Date Not Fixed
In an appearance on “Meet the Press,” Gen. David Petraeus, Commander of the U.S. Forces in Afghanistan, spoke about the proposed July 2011 drawdown date for troops in Afghanistan. [...]
Kerry: ‘We Have to be Concerned’ About Karzai Corruption
Senate Foreign Relations Committee Chairman John Kerry, D-Mass., has indicated that he is becoming more worried about persisting corruption in Afghanistan. [...]
Obama to Shuffle National Security Team?
Last week, TIME offered speculation on whether National Security Adviser (NSA) Gen. Jim Jones will remain in the Obama administration after the midterm elections. [...]
GOP More Critical of New START than Moscow Treaty, Even on Same Issues
Of the 95 Senators who voted in favor of the 2002 Moscow Treaty for nuclear arms reduction, 24 Republicans remain in the Senate today. [...]
Gates Announces Major Job Cuts
Monday, Defense Secretary Robert Gates announced that the Pentagon will cut thousands of jobs, including the dismantling of the U.S. Joint Forces Command, which employs 2,800 military and civilian personnel along with 3,000 contractors. [...]
Recess Stalls Defense Issues until September
Congress’ August recess has put many defense issues on hold, further delaying action on some controversial measures. [...]
Space Technology Program Could Lead NASA Revitalization Efforts
The proposed Space Technology Program (STP), an initiative up for consideration in the FY2011 appropriations process, is expected to revitalize NASA’s technology research efforts if funding is approved. [...]
Kyl Calls for Greater Commitment to START, Could Cost $10B Extra
Senate Minority Whip Jon Kyl, R-Ariz., is encouraging President Obama to show a stronger commitment to the new Strategic Arms Reduction Treaty (START), but his recommendation could cost up to $10 billion more than the Administration has pledged to the efforts. [...]
Controversy Building Over KC-135 Replacement Bid
A contract bid for the KC-135 replacement from U.S. Aerospace/Antonov has been excluded from consideration after being received five minutes past the submission deadline. [...]
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McConnell Pronounces Cap-and-trade “Dead”
Monday, Senate Minority Leader Mitch McConnell, R-Ky., said cap-and-trade energy legislation is “dead” in the Senate. [...]
GM: Debate Between Liquid and Electrolyte Fuel in Cars Not Over
Monday, Green Tech Media profiled the debate between ethanol-fueled and electric cars, arguing that the debate between the two over affordability, accessibility, and reliability has yet to be resolved. [...]
Administration’s Pursuit of Relief for Farmers a Boost for Lincoln
The Obama administration is seeking $1.5 billion in disaster relief for farmers affected by heavy rains that struck Arkansas, Mississippi, and Louisiana last fall. [...]
OCM Exploring Litigation over Beef Checkoff Misappropriations
The Organization for Competitive Markets (OCM) is considering litigation to address the beef checkoff funds misappropriated by the National Cattlemen’s Beef Association (NCBA). [...]
Op-Ed: Obama’s Energy Meltdown
Friday, former Energy Secretary and Senator, Spencer Abraham, R-Mich., penned an op-ed arguing that Congress’ recent decision to punt major energy legislation to the next session constitutes “one of the sharpest rebukes to a sitting President in recent memory.”
Military Eyes Biofuels to Meet New Energy Goals
In response to federally-mandated renewable energy goals, military operations are looking at biofuels to help meet the new requirements. [...]
First Solar’s China Venture Leads to Valuable Lessons
Last fall, First Solar’s preliminary agreement with China to build the world’s largest solar-power plant in the Mongolian desert was hailed as the centerpiece achievement of President Obama’s visit to the country. [...]
The Economist: High Wheat Prices Not a Reflection on World Food Market Issues
Thursday, The Economist profiled the recent spike in wheat prices and outlined past instances where food prices unexpectedly rose, arguing that “it is the differences between today’s food-price spike and earlier ones that are striking, not the similarities.” [...]
Experts: ‘Decarbonization’ of Power System Necessitates New Power Plants
According to ClimateWire, environmental groups, utilities, and the Obama administration all believe the future of coal-fired electricity under a cap on carbon emissions will require an overhaul that will be “technologically complicated, politically difficult, and financially expensive.” [...]
Task Force Report: GHG Cap ‘Critical’ for Clean Coal Development
Thursday, a federal task force co-chaired by the Environmental Protection Agency (EPA) and Department of Energy (DOE) released a report which endorsed carbon pricing, arguing that such a step is critical to the development of cost-effective “clean coal” technology. [...]
Bingaman Doubts Congress’ Prospects for Major Passages Before Election
Thursday, Senate Energy and Natural Resources Committee Chairman Jeff Bingaman, D-N.M., expressed pessimism over Congress’ chances to pass any major legislation before Election Day, including energy and climate change legislation. [...]
Key UN Conference May Not Produce Climate Agreement
Monday, U.N. Secretary General Ban Ki-moon admitted there is a possibility that a late-year conference on climate change in Cancun may fall short of the definitive agreement the world body is seeking. [...]
Green Groups Shy Away from Cap and Trade
Due in part to the failure of Senate to pass comprehensive climate and energy legislation and the threat of a Republican-led Congress, a number of environmental groups are shifting capital away from supporting cap and trade and are shifting focus to defending the Environmental Protection Agency’s (EPA) authority to write climate rules against attacks in the courts and in Congress [...]
Browner Optimistic on Climate Legislation Passage
Sunday, Carol Browner, the Obama administration’s top energy and environmental adviser, expressed optimism over the prospects of climate change legislation passing this year [...]
Report: Obama Can Take Action on Climate Without Congress
According to a report from the Presidential Climate Action Project, President Obama has a number of options he can take in order to advance climate change policies without the input of Congress. [...]
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Administration Allies Shifting Defenses of Health Care Reform
Thursday, key Obama administration allies adjusted their messaging in defense of health care reform legislation, abandoning claims that it will reduce costs and deficits while emphasizing the need to “improve it.” [...]
Time: Health Care Reform’s Effect on Midterms
According to an analysis by Time, voters in the midterm elections are more concerned about economic conditions and budget deficits than they are about health care reform. [...]
Sebelius Blogs for White House: Seniors Already Seeing Lower Prescription Drug Costs
Wednesday, Department of Health and Human Services (HHS) Secretary Kathleen Sebelius blogged for the White House about Medicare Part D prescription drug costs. [...]
Health Centers to Receive $250 Million in Federal Grants
Last week, the Obama administration announced that health centers across the country are eligible to apply for $250 million in grants to build clinics and bolster services at existing clinics. [...]
Health Insurance Oversight Grants Awarded to 45 States
The first round of grants in a $250 million program to help states bolster the oversight of health insurance premium increases have been awarded to 45 states. [...]
CHIP Debate Underway on Capitol Hill
While Sen. Jay Rockefeller, D-W.Va., amended financial regulatory reform legislation to extend Children’s Health Insurance Program (CHIP) funding through 2015, debate over the program’s existence past that point has already begun. [...]
State Regulators Have Little Control over Insurance Premium Rates
Thursday, the LA Times profiled the lack of control state lawmakers have over health care insurance premiums, pointing out that only 19 states have “prior approval” authority over rates. [...]
Medicare Actuary Refutes Solvency Projections
Following the Obama administration’s claims that the new health care law has extended the solvency of Medicare, Richard Foster, Chief Actuary for the Centers for Medicare and Medicaid Services (CMS), said the claims may be inaccurate. [...]
OASDI Report Says Medicare Funds Extended by 12 Years
Thursday, a report released by the Old Age, Survivors, and Disabilities Insurance (OASDI) trustees reviewed the changes to Medicare’s finances that will extend the funding for the program by 12 years. [...]
States Take Stand against Health Care Reform
Approximately half of the country’s states are challenging parts of health care reform with attempts to have them ruled unconstitutional. [...]
States Implement Health Care Law as Lawsuits against it Proceed
States are in the process of defining rules for health insurance companies and applying for grants in the midst of lawsuits challenging the legality of the new health care law. [...]
Repeal of Small Business Tax Provision Offered by Both Parties
Thursday, Democratic leaders offered a substitute to the Republican repeal of the tax reporting mandate for businesses included in the new health care law. [...]
Senate Leaders Call for Improved Oversight of State Medicaid Payment Rates
Wednesday, Senate Finance Committee Chairman Max Baucus, D-Mont., and Ranking Member Chuck Grassley, R-Iowa, requested that the Centers for Medicare and Medicaid Services (CMS) review the process used by states to determine payment rates for Medicaid programs. [...]
UPDATE: Education & State Medicaid Funding Expected to Pass Senate, Early Return Likely for House
House Speaker Nancy Pelosi, D-Calif., is likely to call for the House of Representatives to return early from its August recess, anticipating that the Senate will approve a $26 billion package of education and state Medicaid funding later this week. [...]
Health Care Reform Poses Potential Risks Prior to Full Implementation
An article in The New York Times overviews the potential issues that may arise during the transition into the new health care law. [...]
Telecommunication
- Democrats Consider Broadband Legislation
- Google-Verizon Deal in the Works
- FCC Meets with Internet Giants in Attempts to Address Net Neutrality
- Google and Verizon Near Agreement on Priority Content Delivery
- Lobbying Efforts Increase in Response to FCC Broadband Proposal
- Boucher Proposes Legislation to Change the Universal Service Fund
- Rockefeller to Propose Legislation on FCC Spectrum Auction
- Clearwire Launches 4G in DC
Education
- WaPo: Comparison of Obama, Bush Education Policies Warranted
- Obama to Renew Call for Improved Graduation Rates
- UPDATE: Education & State Medicaid Funding Expected to Pass Senate, Early Return Likely for House
- Medicare and Teacher Funding Put on Hold Again
- President Promotes Education Reforms at NUL Event
- FMAP and Teacher Job Funding Added to FAA Bill
- Early Childhood Education Could Be Worth More than Previously Thought
- Census Data Shows Wide Range in the Rate of Uninsured
