WASHINGTON D.C.-Transportation Secretary Ray LaHood scolded Congressional members today over the undecided FAA extension. A decision had not been made before the members broke for the summer recess. This unfinished business on their part has caused the lay-offs of some 74,000 people, and lost revenue of $30 million a day since their authorization ended on […]
NEW YORK-Despite the signing of the new debt ceiling agreement, the Dow Jones Industrial Average sank to its lowest levels since March. In its 8th session of falling stocks, the market has entered its longest losing streak since October 2008.
WASHINGTON D.C.-President Obama on Tuesday signed the debt limit bill passed by the Senate and the House. He signed it in private in the Oval Office about an hour after receiving it.
WASHINGTON D.C.-Monday, the U.s. House of Representatives passed a bill to raise the debt ceiling with a vote of 269-161. It was sent on to the Senate. Tuesday, at noon, the Senate in turn voted on the bill that would reduce the National Debt by up to $2.5 trillion over the next 10 years. It […]