The 111th Congress returned to Washington this week with a record of legislative achievement that rivals President Lyndon Johnson’s “Great Society.” Voters may show their thanks by throwing lawmakers out of office.
Exxon Mobil Corp. and Dow Chemical Co., big-dollar lobbying allies on many issues in Washington, are on opposite sides of a high-stakes fight over how much of rising U.S. natural gas supplies should be sold overseas.
Austan Goolsbee , who spent the last 30 months trying to push the U.S. economy to create jobs, is leaving the White House to save his own: The president’s top economic adviser is heading back to the University of Chicago so he won’t lose tenure.
Representative Frank Wolf, a Virginia Republican, said anti-tax advocate Grover Norquist has profited from associations with “unsavory” groups and has become an obstacle to an overhaul of the U.S. tax code.
News Corp.’s Twentieth Century Fox raised $400 million for film production, including the next “Avatar,” through former Dune Capital LLC executive Chip Seelig, two people with knowledge of the situation said.
Newt Gingrich, who won South Carolina’s Republican presidential primary and is gaining support in opinion polls before next week’s Florida primary, got a financial boost yesterday with the announcement that Miriam Adelson, the wife of Las Vegas Sands Corp. chairman Sheldon Adelson, had agreed to donate $5 million to a political action committee supporting his candidacy.
Ron Paul, the presidential candidate who says he’ll shrink government the most, is attracting more campaign cash than any of his Republican rivals from two unlikely sources: U.S. government workers and employees of the biggest federal contractors.