Economy

May 8, 2012 No Thanks Close The Daily Caller Social Experience Let your friends help you discover the best news, features and videos on TheDC. Publish what you read and maintain full control. Login with Facebook Subcommittee to consider bills to end or amend the Fed (The Daily Caller)

May 7, 2012

By Michael Bastasch A House subcommittee is scheduled to hold a hearing on proposals to reform or end the Federal Reserve System, Texas Republican Rep. Ron Paul announced last Friday. The Domestic Monetary Policy and Technology Subcommittee will hear testimony from economists and lawmakers Tuesday morning on Capitol Hill. “More and more people are beginning [...]

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House lawmakers push for vote on Senate Postal Service reform bill (The Hill)

May 6, 2012

By Bernie Becker Lawmakers hoping to force a House vote on a Senate-passed postal reform bill believe some of their colleagues could be swayed by their message of saving jobs and rural access to postal services. Rep. Peter Welch (D-Vt.), who is circulating a letter of support for the Senate bill with Rep. Michael Grimm [...]

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Hundreds rally in Montpelier for May Day labor event (VtDigger)

May 2, 2012

By Taylor Dobbs In a gathering reminiscent of the Occupy movement that swept the nation last summer, Vermont’s unions, rights groups and other liberal activists gathered in Montpelier Tuesday for a May Day rally. The rally, organized by the Vermont Workers’ Center, kicked off at Montpelier’s City Hall and police closed off Main Street and [...]

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Hundreds turn out for May Day rally in Vt. (WPTZ)

MONTPELIER, Vt. – Hundreds of demonstrators paraded through Vermont’s capital city on May Day calling for health care for all, fair wages and an end to corporate greed. Activists beat drums and chanted: “We are the 99 percent.” They urged lawmakers to “put people first.” Participants at the demonstration included members of the Occupy movements [...]

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Wall Street asks President Obama for ‘healing speech’ (MSNBC)

Bernie talks about Wall Street with MSNBC’s Ed Schultz.

“I think if there is an apology that is due – and it’s long overdue – it’s from these guys on Wall St & certainly not Obama. From Obama what we need is for him to begin to stand up & be even tougher on these guys.”

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Audio: Senate Passes Plan To Keep Post Offices Running (NPR)

April 25, 2012

The U.S. Postal Service is so much a part of this country, it’s in the Constitution. And yet with so much written communication now delivered via email, text messages and the Internet, the Postal Service is steadily losing business and operating in the red. Postmaster General Patrick Donahoe has given Congress until May 15 to [...]

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Senate struggles with postal reform (Politico)

By Kate Nocera If lawmakers wanted to experience the futility of trying to reform the broken Postal Service, all they need to do is walk down a flight of stairs in the Capitol. Tucked away in a cubbyhole of an office just steps from where the president takes the oath of office, the hard-to-find Capitol [...]

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Progress on Post Office debate (MSNBC)

Bernie joins MSNBC’s Ed Schultz to talk about the Postal reform bill that just passed the Senate.

“This is absolutely, vitally important to small businesses… There are approximately 8 million jobs connected to a strong & effective postal service. So this is important for our economy and… this is a major political issue.”

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Senate passes bill that would keep post offices open (CBS News)

By Leigh Ann Caldwell The U.S. Senate passed legislation Wednesday afternoon that would preserve post office services now set to be slashed due to the agency’s financial problems. The measure, which passed 62-37, eases the Postal Service’s money woes by reimbursing the agency to the tune of $11 billion for overpaying into federal workers’ retirement [...]

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Senate Approves U.S. Postal Service Financial Overhaul Bill (Bloomberg News)

By Michelle Jamrisko The Senate passed a Postal Service overhaul bill intended to save the cash-strapped organization from default. The measure was passed 62-37. The bill would make it harder for the Postal Service to close facilities, authorize it to provide non-postal products and services, revise payments to two federal funds that provide worker retirement [...]

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