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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Aug 12, 2011

Page

7

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.

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.

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.

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.

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

Also Mentioned on This Page

Special Interests Matt McAlvanah BY Jennifer Peltz THE Ny Ul Dow Jones Carton Vaporz Ira tAo Ely Tarymon Pri Breeden Bradley & Maze Paras Bud Starviewvineyards.com Winghill Rd Cobden Wing Fill Murphysboro Donegal Coray O Walker's Bluff Reed Station Carbondale
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