The Washington Independent

Posts Tagged federal agencies

Elena Who? Only 19 Percent of Poll Respondents Can Name SCOTUS Nominee

By | 06.24.10 | 2:07 pm

With just four days remaining until Solicitor General Elena Kagan’s Supreme Court confirmation hearings begin, a new poll showed a markedly low percentage of people know she is President Obama’s nominee.

A C-SPAN-commissioned poll released today shows just 19 percent of people surveyed could name Kagan as the More…

Reid Fights for Fading Jobs Bill on Senate Floor

By | 06.24.10 | 12:58 pm

Today, the Senate is debating the tax extenders’ package, also known as the jobs bill or H.R. 4213. The beleaguered legislation has been cut by more than $100 billion to appease centrists and deficit hawks who still refuse to vote for it as it expands the deficit by around More…

Initial Jobless Claims Remain Stuck Above 450,000

By | 06.24.10 | 9:53 am

This morning, the Bureau of Labor Statistics reported that initial jobless claims fell by the largest amount in two months. Still, they remain high — at 457,000, 19,000 less than last week but just 2,000 less than a fortnight ago — demonstrating the continued sluggish pace of job growth. More…

Aid to the Unemployed Facing Foreclosure: Too Little, Too Late?

By | 06.24.10 | 6:00 am

Sandra Monroe-Olcott of the Montclare neighborhood of Chicago is in the same position as hundreds of thousands of Americans. She lost her job on April 1, 2008. She applied for unemployment insurance — $804 every two weeks — and immediately started searching for another position. Her husband, now 74, had More…

Federal Reserve Holds Rates Steady, Says Conditions ‘Less Supportive’ of Economic Growth

By | 06.23.10 | 2:48 pm

Today, as expected, the Federal Open Market Committee decided not to raise U.S. interest rates, instead holding the target federal funds rate steady between 0.0 and 0.25 percent. It reiterated its “extended period” language, indicating it sees no need to raise interest rates in the near term. And it More…

New Home Sales Plummet to Record Low

By | 06.23.10 | 11:26 am

Today, the Commerce Department reported that sales of new homes, well, went off a cliff after the expiry of the Obama administration homebuyer tax credits. In May, sales were at a rate of 300,000 a year. That is 33 percent lower than in April, when the rate was 446,000, More…

Auto Dealer Exemption a Lock for FinReg

By | 06.23.10 | 10:14 am

Let’s say you are in the market for a new car, and you head down to view the stock at your local auto dealer. You pick out your car and decide to go ahead with the purchase. You make a decent salary, but do not have the funds to pay More…

CIA Just Straight Throwing Money at Blackwater

By | 06.23.10 | 9:52 am

It’s like they’re in a strip club, according to Jeff Stein:

The Central Intelligence Agency has hired Xe Services, the private security firm formerly known as Blackwater Worldwide, to guard its facilities in Afghanistan and elsewhere, according to an industry source.

The previously undisclosed CIA contract is worth about

More…

1,295 Prisoners Claimed the First-Time Homebuyer Tax Credit

By | 06.23.10 | 9:41 am

The Obama administration homebuyer tax credit program granted $9.1 million to 1,295 prisoners who were incarcerated when they said they purchased their home. Many such discrepancies are identified in a report by the Treasury Department Inspector General for Tax Administration and Internal Revenue Service today.

“In swiftly making the More…

Obama Unlikely to Use McChrystal Flap to Change Course on Afghanistan

By | 06.23.10 | 6:00 am

By the time you read this, Gen. Stanley McChrystal may very well have lost his command in Afghanistan. McChrystal is headed to a White House Situation Room meeting with President Obama on Wednesday; Time’s Joe Klein reported Tuesday afternoon that the general offered to resign after making disrespectful comments More…