There was a time when it was a good thing for a politician to bring home the bacon, or in the case of U.S. Senator Thad Cochran of Mississippi, the shrimp. In today’s divided Republican Party, it can get you in hot water.
Senator Thad Cochran bought shares of Crimson Exploration Inc., a Houston-based oil company, in two trades a week apart last fall. The shares climbed for six weeks and Cochran sold them on Dec. 15 for a profit.
NASA will complete a $350 million structure to test rocket engines at Stennis Space Center in Mississippi early this year. Then, it plans to mothball the 300- foot-high, steel-frame tower for the foreseeable future.
Most Republican U.S. Senators seeking re-election next year face primary challenges, underscoring differences in tone and ideology within the party as it seeks to wrest control of the chamber from the Democrats.
A battle for control of the Republican Party has erupted as an emboldened Tea Party moved to oust senators who voted to reopen the government while business groups mobilized to defeat allies of the small-government movement.