The U.S. Congress on its second day under Democratic management overpoweringly approved new rules pertaining to restrain deficit spending and making special-interest projects known as earmarks transparent. Following the latest provisions, the Congress would be required to pay for any proposal to cut[...]
Posts Tagged ‘Republican’
July 7th, 2012 - 11:17 am § in News Of Economy
U.S. Congress passes pay-as-you-go rules to control budget deficit, earmarks under scanner
June 30th, 2012 - 11:04 am § in News Of Economy
US Congress votes to withdraw Tax Breaks for oil companies
Democrat controlled U.S. Congress has finally passed legislation that would withdraw $14 billion in tax breaks and subsidies given to oil drillers. The money will now be used to develop alternative energy projects and conservation technologies. However, the Bush administration has criticized the bil[...]
June 19th, 2012 - 10:47 am § in News Of Economy
US Senate votes to increase minimum wage price
The US Senate has voted to increase the federal minimum wage hike for the first time in a decade. The minimum wage has been raised by $2.10 per hour to $7.25 from the present level of $5.15. The increase was supported overwhelmingly in a 94-3 vote in the Democratic controlled Senate. The law makers [...]
May 5th, 2012 - 1:13 pm § in News Of Economy
Democrats launched move to repeal US online gambling ban
Democrats in the US Congress have launched a campaign to revoke America’s controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the chairman of the House financial services committee,[...]