Medicare and other health care services could see their funds drained in any number of ways as, over the next few months, the congressional Joint Committee on Debt Reduction--better known as the "super committee"--looks for ways to reduce the national debt.
Health care interests are well represented among the big donors to the committee's dozen members. Half those members--including Max Baucus, Fred Upton, Xavier Becerra and Chris Van Hollen--number health care concerns among their top ten career donors. Collectively, health care professionals ranked fourth among those career donors, giving $9.3 million, according to an analysis of ...
Egypt’s transitional government lobbies on seeking funds, debt reduction
While the Egyptian uprising earlier this year saw the ousting of long time leader Hosni Mubarak and ignited a mass movement across the Middle East, the regime change has not translated to a different approach to U.S. policy. Lobbying records filed by the hired guns of the Egyptian government show a seamless transition from promoting the Mubarak regime to the transitional military rule, seeking funds for Egypt and then asking for a reduction in Egypt’s debt burden.
Lobbying records filed by the Livingston Group show that they lobbied the U.S. federal government and military command on these ...
Continue readingDodd Frank: How rating agencies contributed to the financial crisis
The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in response to the financial crisis of 2008, added new regulations and new regulators for some—but not all—of the institutions whose actions led to the crisis. Over the next several days, we’ll be taking a look at each of the major groups of contributors to the economic crisis, who the major players were, what political influence they brought to bear on Congress and regulators, how Dodd-Frank intends to regulate them, and, using our new Dodd-Frank Meeting Logs tool, what rules these groups are trying to influence as ...
Continue readingBecerra, Clyburn, Van Hollen are House Dem Picks for Super Committee
House Minority Leader Nancy Pelosi has tapped three close allies who are on powerful House committees to serve on the Joint Special Committee to find new ways of cutting the budget to roll back the national deficit. Her picks are: Reps, Chris Van Hollen from Maryland, James Clyburn from South Carolina, and Xavier Bacerra from California.
Both Van Hollen and Clyburn also served on Vice President Joe Biden’s deficit reduction committee earlier this year.
Xavier Becerra, who serves on the powerful Ways and Means Committee, is ranking member of the subcommittee on social security—a flash point for debt ...
Continue readingSuper Committee Senate GOP picks: Kyl, Portman, Toomey
Senate Minority Leader Mitch McConnell's, R-Ky., picked Sens. Jon Kyl of Arizona, Pat Toomey of Pennsylvania and Rob Portman of Ohio to the special joint committee, or "super committee," today that will be charged with finding $1.2 trillion in budget cuts and or revenue raisers.
Jon Kyl, chair of the National Republican Senatorial Committee and member of the Senate Finance Committee, has deep ties to the financial industry. Kyl made headlines last spring when he announced he wouldn't run for reelection, and this final task of slashing the government's budget deficit by at least $1 trillion ...
Boehner selects Hensarling, Camp and Upton for the Super Committee
House Speaker John Boehner, R-Ohio, just announced his picks to the special joint committee tasked to find at least $1.2 trillion to trim from the federal budget. They are: Reps. Jeb Hensarling from Texas and Dave Camp and Fred Upton, both from Michigan.
Jeb Hensarling, the hardline conservative, known around the Hill as the budget nanny, is a member of the House Republican leadership team, serving as chairman of the House Republican Conference. He's vice chair of the House Financial Services Committee, where he's vocal about trimming excessive spending and creating a balanced budget, and served on ...
Continue readingReport: Reid names Murray, Baucus and Kerry to Super Committee
Politico is reporting that Senate Majority Leader Harry Reid, D-Nev., plans to nominate Sen. Patty Murray, D-Wash., as the co-chair to the special joint committee convened to propose reductions in the debt, and Sens. Max Baucus, D-Mont., and John Kerry, D-Mass., as his other picks. The announcement of picks to what has been dubbed the super committee will be formally announced on Wednesday.
All three have substantial ties to beltway influencers and special interests.
Sen. Patty Murray serves on the all-powerful Appropriations Committee and is chair of the Transportation Subcommittee within Appropriations. Over the two decades she has served in ...
Continue readingLobbyist cash flows to Warner, possible Super Committee member
Creation of the “super committee” has been met with mixed reactions in Congress. While several members have called for its immediate repeal, others have balked at the idea of serving on it. Sen. Mark Warner, D-Va., however, has said he would “love” to serve on the bicameral, bipartisan committee charged with addressing the country's debt problems.
Warner, former governor of Virginia, was elected to the U.S. Senate in 2008, and during the short time in the upper chamber has demonstrated an impressive fundraising ability. In all, he has brought in more than $27 million, of which more than ...
Sunlight Live to cover the Republican showdown in Iowa
In the fight to determine who will face President Obama in the 2012 election, Republican candidates will square off again this Thursday in Ames, Iowa, days before the straw poll. It will be the first debate since the latest campaign finance reports have been filed, showing Mitt Romney with a substantial financial lead over his competitors.
Although FOX News, the cable channel sponsoring and airing the debate, has not officially announced which candidates will take the stage on Thursday, we expect to see:
- Michele Bachmann, U.S. representative from Minnesota
- Herman Cain, former executive of Godfather's Pizza and former ...
D.C. insider, Sen. Portman, another possible pick for “Super Congress”
Sen. Robert Portman’s, R-Ohio, name is making the rounds as a contender to serve on the “super committee”, and with his prior stints at top federal agencies and with big name lobbying firms, his ties to industry interests runs deep.
Portman serves on the budget, armed services, energy and natural resources, and homeland security committees, all of which are are slated for some major cuts. He has received $4 million in contributions from the financial services and real estate sector and another $1.8 million has come from lobbyists and lawyers. Another prominent contributor to Portman in recent years ...
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