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  • Federal Housing Funds Used to Boost CA County Employee Pensions

    California’s Santa Clara County used $16 million in federal housing funds not for affordable housing programs or similar services, but to increase guaranteed pension benefits for county workers. Employees of the county’s Housing Authority can now retire as early as age 50, receive as much as $40,000 annually during retirement, … More

    Top 10 Reads: August 8, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Jim Rogers: Don’t see how U.S. can ever pay off debts – Deepanshu Bagchee Did a new Taliban weapon kill a chopper full of Navy SEALs? – David Axe S&P cuts … More

    Issa Subpoenas NLRB for Boeing Documents, Internal Communications

    Rep. Darrell Issa (R-CA), the Chairman of the House Oversight and Government Reform Committee, issued a subpoena to the National Labor Relations Board on Sunday requesting documents that he said the board had failed to provide of its own accord. The documents involve the NLRB’s controversial suit against Boeing, which … More

    WI Democrats Threaten to Unleash Activists on Local News Service

    A spokesperson for the Democratic Party of Wisconsin lashed out at a reporter on Friday, threatening to enlist party activists in a mass letter-writing campaign complaining about the reporter’s coverage of a recent Heritage Foundation interview with Gov. Scott Walker (R). The spokesperson also threatened to express “deep concerns about … More

    EPA Regulations Could Cost America's Largest Utility $18 Billion

    Bloomberg reported Friday on the latest developments in the Environmental Protection Agency’s regulatory push against the fossil fuel industry. Southern Co., the largest American utility owner in terms of market share, now says it will lose up to $18 billion as a result of new EPA regulations. The planned regulations … More

    Scribecast: Sen. Mike Lee on the Need for a Balanced Budget Amendment

    Sen. Mike Lee (R-UT) is a man on a mission. The freshman senator came to Washington after defeating an incumbent Republican, angering some in the GOP establishment but exciting Tea Party activists for his desire to end Washington’s reckless spending. He hasn’t disappointed. Lee wasted little time crusading for a … More

    Anemic GDP Growth in Q2; Q1 Growth Revised Down to 0.4%

    Reuters has this morning’s bad news on the economic front: The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose. The Commerce Department data on Friday also showed the current … More

    Will Taxpayers Foot the Bill to Market an Obamacare Budget Gimmick?

    During the health care debate of 2009 and 2010, the Obama administration used a number of accounting tricks to try to get the Congressional Budget Office to score the legislation as deficit neutral. One such trick took the form of a new entitlement: the Community Living Assistance Services and Support … More

    Issa Hopes White House Official Aware of Fast and Furious Will Testify

    Rep. Darrell Issa (R-CA) said on a conference call Wednesday evening that he will try to get a White House official who may have had knowledge of the botched Fast and Furious gunrunning operation to testify before the House Oversight and Government Reform Committee. But Issa, who chairs the committee, … More

    Former ATF Official Admits Bureau Allowed Guns Into Mexico

    A former special agent from the Bureau of Alcohol, Tobacco, and Firearms told a House committee that the agency had, in fact, allowed firearms bought in the United States to be transported to Mexico, in the hope that “we could further the investigation” against Mexican drug cartels. The admission came … More