Chris Chocola News
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That sound you’re hearing may be the cracking of gridlock in Washington.
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Democratic and Republican lawmakers from Virginia warned of “grave consequences” for their state in a letter last month opposing automatic federal spending cuts. They urged the president and congressional leaders to take “immediate action to avert the devastating impacts.”
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Almost 30 years after he was an aide to Senator Richard Lugar of Indiana, venture capitalist Andrew Klingenstein received an appeal from the lawmaker’s former chief of staff: Let’s start a super-PAC.
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Republican presidential candidate Mitt Romney is preparing to release a more detailed plan to overhaul the tax code soon, said a person who attended a policy roundtable event with Romney in Washington yesterday.
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The pitch came at the end of Rand Paul ’s conference call with 2,000 potential supporters:
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President Barack Obama promised to boost support for U.S. manufacturers such as Boeing Co. that face subsidized foreign competition as part of his drive to increase exports.
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President Barack Obama is considering a possible budget concession on Social Security cost-of-living increases after House Speaker John Boehner dropped his opposition to raising tax rates for some top earners, said two people familiar with the talks.
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Freshman U.S. Representative Tim Scott was chosen by South Carolina’s governor to replace Republican Senator Jim DeMint, who will leave Congress in January to lead a small-government policy group.
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The U.S. House of Representatives plans to vote next week on bipartisan legislation to extend the Export-Import Bank’s authority to help finance export sales for three years and raise its lending limit to $140 billion by 2014.
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U.S. Representative Jason Chaffetz of Utah said he is considering challenging incumbent Orrin Hatch for their state’s Republican Senate nomination next year, adding that he is getting “increasing clarity” about a bid to unseat the six-term lawmaker.
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