Special interests funded budget panel members with millions
An Associated Press review found the 12 members of the new congressional supercommittee have received more than 3 million dollars in donations from political committees tied to defense contractors health care providers and labor unions over five years. Critics warn fundraising should stop. With the debt plan aiming to cut over 1 trillion dollars, potential conflicts loom as lawmakers balance budget reductions for Medicare defense and other programs.
MENTIONED IN THIS ARTICLE
Washington
Associated Press
Congressional Committee
Congress
Medicare
Pentagon
Patty Murray
D-Wash
Jeb Hensarling
Texas
Hensarling
Lockheed Martin
Northrop Grumman
Lockheed
U.S
Securities and Exchange Commission
SEC
Northrop
Max Baucus
D-Mont
John Kerry
Dmass
Jon Kyl
R-Ariz
Pat Toomey
R-Pa
Senate
Murray
Verizon Goes to Court Over East Coast Strike
Verizon seeks court orders across five states to curb picketing amid a nationwide strike by about 45 000 landline workers from Massachusetts to Virginia. The company claims harassment and deterred work while the union says concessions demands are costly and jobs support a profitable wireless business.
MENTIONED IN THIS ARTICLE
Verizon
East
New York
Pennsylvania
Delaware
New Jersey
Massachusetts
Richard Young
Communications Workers of America
Virginia
Wireless
Young
Durbin Calls End to Washington Arguing at Logan Event
Senator Durbin urged ending partisan squabbling during a speech at John A Logan College. He warned of a grim economy if hostage politics return, noted S and P downgrade, and endorsed a bipartisan super committee to cut at least 1.2 trillion dollars with potential automatic cuts if failed. He urged revenue reform and entitlement tweaks while urging sacrifice, expressing faith the crisis will be resolved.
MENTIONED IN THIS ARTICLE
Durbin
John A. Logan
Standard and Poor
United States
Washington
Illinois
U.S
Mark Kirk
Barack Obama
Congress
Super Committee
House
Senate
Dow sinks over 500 points as Europe fears spook markets
Stocks plunged as European debt worries spread to the United States with banks hit hard. The Dow Jones fell 4.6 percent to 10,719.94 after a volatile session, with Bank of America and Citigroup dropping over 10 percent amid fears of a domino effect from Europe. The day followed a big intraday swing and a sharp market rebound earlier, while the Fed pledged ultra-low rates through 2013.
MENTIONED IN THIS ARTICLE
Europe
United States
France
U.S
Britain
Italy
Germany
Wall Street
Federal Reserve
Fed
Mark Lamkin
Lamkin Wealth Management
Dow
Bank of America
Citigroup
iIt
S&p 500
Quincy Krosby
Marke
Prudentia
Markit
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