In an unusual left–right pairing, Senators Sherrod Brown (D–OH) and David Vitter (R–LA) last week introduced legislation to increase capital requirements on large banks. Calling it the “Terminating Bailouts for Taxpayer Fairness” or TBTF Act, the legislation is aimed at ending another TBTF: the doctrine of “too big to fail.” …
Americans hitting the road this week are likely to encounter the highest-ever price for gas at Christmas in history. According to figures from AAA, the nationwide average for regular unleaded is $3.21 per gallon — an increase of 23 cents over last year’s Christmas record. This marks the second straight …
Few people have been more vocal about the challenges facing offshore drilling in the Gulf of Mexico than Sen. David Vitter. As a Republican from Louisiana, Vitter has firsthand knowledge of the Obama administration’s slow pace of permitting since last year’s oil spill. Louisiana has yet to fully recover from …
A half-dozen Republicans are lobbying Senate leaders to make the newly created Joint Select Committee on Deficit Reduction transparent in its operations and accessible to the American public. Their proposal includes public attendance at meetings and live television broadcasts. In a letter to Senate Majority Leader Harry Reid (D-NV) and Minority …
Upon taking control of the U.S. House in January, Republicans implemented sweeping reforms to make the People’s House more transparent and accessible. Now they’ll have a chance to bolster their good-government credentials with the newly created Joint Select Committee on Deficit Reduction. Twelve lawmakers from the House and Senate will …
One year ago today President Obama imposed a moratorium on offshore drilling in the Gulf of Mexico. It banned shallow-water and deepwater operations, setting the stage for a year of delays in permitting. Now a U.S. senator wants to put a moratorium on federal agencies. Sen. David Vitter (D-La.), an …
Despite systematically undermining domestic oil production, President Obama has recently said he hopes to drastically decrease America’s dependence on foreign oil. Luckily for the president, congressional Republicans have proposed an array of legislation to accomplish just that. The House Natural Resources Committee spent Wednesday working on three new energy bills. The Obama …
